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  • Monthly Review Essays
  • | Financial market | MR Online

    Capital flight from emerging markets

    Originally published: IDEAs (International Development Economics Associates) on July 26, 2022 (more by IDEAs (International Development Economics Associates))  |

    Financial markets in the so-called ‘emerging economies’ are in turmoil. At the end of May 2022, the Financial Times reported that the return delivered by emerging market (EM) sovereign bonds was around minus 15 per cent for 2022, the worst since 1994.

  • | Lovely Wheat field | MR Online

    Why are global wheat prices rising so much?

    Originally published: IDEAs (International Development Economics Associates) on June 14, 2022 (more by IDEAs (International Development Economics Associates))  |

    The global food crisis has now grown to such proportions that everyone is talking about it (even though world leaders are doing relatively little about it).

  • What has the Trade War between the United States and China achieved | MR Online | Bilateral US deficits with China | MR Online

    What has the Trade “War” between the United States and China achieved?

    Originally published: IDEAs (International Development Economics Associates) on October 5, 2021 (more by IDEAs (International Development Economics Associates))  |

    On July 6, 2018, U.S. President Donald Trump unilaterally imposed a 25 per cent tariff on Chinese imports of around $34 billion, and further tariffs in 2018 and 2019—claiming that trade between U.S. and China had been unfairly skewed in China’s favour and needed to be rebalanced.

  • | The Trans Pacific Partnership A threat to democracy and food sovereignty Photo Food First | MR Online

    TNCs reviving TPP Frankenstein

    Originally published: IDEAs (International Development Economics Associates) on January 13, 2021 by Jomo Kwame Sundaram (more by IDEAs (International Development Economics Associates))  | (Posted Jan 18, 2021)

    The incoming Biden administration is under tremendous pressure to demonstrate better U.S. economic management. Trade negotiations normally take years to conclude, if at all. Unsurprisingly, lobbyists are already urging the next U.S. administration to quickly embrace and deliver a new version of the Trans-Pacific Partnership (TPP).

  • | Epic World History blogger Epic World History Peasants War | MR Online

    Engels on the Peasant War in Germany

    Originally published: IDEAs (International Development Economics Associates) on January 13, 2021 (more by IDEAs (International Development Economics Associates))  |

    At a time when peasant masses in the country are engaged in a valiant struggle for the repeal of the Central government’s three infamous laws, and have laid peaceful siege to Delhi, braving rains and bitter cold, it is worth recalling Friedrich Engels’ study of the peasant war in Germany in 1525, that also celebrated its outstanding leader Thomas Muenzer. Such a recall becomes necessary for another reason.

  • | Wallpaperflare Bankruptcy 1080P 2K 4K 5K HD wallpapers free download | MR Online

    The problem of external debt

    Originally published: IDEAs (International Development Economics Associates) on June 2, 2020 (more by IDEAs (International Development Economics Associates))  |

    There is a massive problem of external debt building up for the third world, of which the recent Argentine debt crisis was only one manifestation. At the root of the problem is the collapse of primary commodity prices in the world market which began in April 2011.

  • | Practical Money Skills Money Metropolis | MR Online

    Finance’s preference for the Metropolis

    Originally published: IDEAs (International Development Economics Associates) on May , 2020 (more by IDEAs (International Development Economics Associates))  |

    The current globalization was always legitimized by the argument that capital today, unlike in colonial times, had become blind to racial and other such distinctions across countries in deciding upon its location; it would now flow wherever opportunities for profitable investment existed.

  • | Prabhat Patnaik | MR Online

    Globalisation and the pandemic

    Originally published: IDEAs (International Development Economics Associates) on April 24, 2020 (more by IDEAs (International Development Economics Associates))  |

    SSER-IDEAS Online Lecture Series — COVID-19 Pandemic: Policy Failures and Their Impact on the Lives of People

  • | Wikimedia Commons FileS Mitra IAS in a press conference with Nirmala Sitharaman | MR Online

    A niggardly response to an extraordinary crisis

    Originally published: IDEAs (International Development Economics Associates) on March 29, 2020 (more by IDEAs (International Development Economics Associates))  |

    In a show of solidarity, some of India’s opposition leaders have declared the much-delayed relief package (titled Pradhan Mantri Garib Kalyan Yojana) announced by Finance Minister Nirmala Sitharaman on March 26 to mitigate the effects of the Coronavirus pandemic on the poor as a welcome “first step”.

  • | Fine Gold Global Intergold | MR Online

    No escape from low growth

    Originally published: IDEAs (International Development Economics Associates) on February 11, 2020 (more by IDEAs (International Development Economics Associates))  |

    Discussions on the state of the world economy centre around the likely negative impact of the novel coronavirus epidemic and the potential positive effect of the truce reflected in the “phase 1” trade deal between China and India.

  • | Pancarte place de la République pendant la manifestation des gilets jaunes le 26 janvier 2019 | MR Online

    The perversity of the neo-liberal fiscal regime

    Originally published: IDEAs (International Development Economics Associates) on December 16, 2019 (more by IDEAs (International Development Economics Associates))  |

    When income growth slows down in an economy, so does the growth of tax revenue within the given tax regime. Since the government has certain expenditure obligations, to meet these obligations it has to either impose additional taxes or expand its fiscal deficit.

  • | Enrique Mendizabal WTO | MR Online

    End of the free trade myth

    Originally published: IDEAs (International Development Economics Associates) on December 4, 2019 (more by IDEAs (International Development Economics Associates))  |

    “Is that a big deal?”, some may ask. It is to those who have pushed for achieving the far-reaching liberalisation of trade in an unequal global order, first under the General Agreement on Tariffs and Trade (GATT), and then under the auspices of the agreements that established the WTO and defined and expanded its remit.

  • | ShellyS Follow The Counterfeit Caper | MR Online

    The debate over inequality

    Originally published: IDEAs (International Development Economics Associates) on July 1, 2019 (more by IDEAs (International Development Economics Associates))  |

    The debate over inequality has become hotter world-wide. While Trump had introduced substantial tax cuts for the rich in 2017, and Britain’s Boris Johnson, the front-runner to succeed Teresa May, has promised to do the same if he becomes Prime Minister, there are strong proposals for taxing the rich which have also been mooted. Bernie Sanders had such a proposal for the U.S. during the time that he was seeking the Presidential nomination of the Democratic Party.

  • | US China flickr | MR Online

    Disruption in the world of trade

    Originally published: IDEAs (International Development Economics Associates) on June 6, 2019 (more by IDEAs (International Development Economics Associates))  |

    What is noteworthy is that the deceleration in import volume growth has been particularly marked in the emerging economies of Asia and Latin America, pointing to a loss of momentum in the countries that were expected to be new growth poles in the immediate aftermath of the 2007 crisis.

  • | Concept of IMF tranches Pack of dollars as pills in blister pack 3d | MR Online

    Finance and growth under neo-liberalism

    Originally published: IDEAs (International Development Economics Associates) on May 24, 2019 (more by IDEAs (International Development Economics Associates))  |

    A neo-liberal capitalist economy therefore does not have the instruments that capitalism earlier had for providing a bulwark against its slipping into recession and stagnation; the question is: does it have any instruments at all?

  • | Whats happening in France The yellow vest movement explained AzeriTimescom | MR Online

    The Yellow Vest movement

    Originally published: IDEAs (International Development Economics Associates) on December 17, 2018 (more by IDEAs (International Development Economics Associates))  |

    Nothing shows the crisis of neo-liberal capitalism more clearly than the popular uprising in France that is occurring under the banner of the “Yellow Vest” movement.

  • | Ideological Struggles in Contemporary Capitalism | NewsClick NewsClick | MR Online

    Contemporary capitalism and the world of work

    Originally published: IDEAs (International Development Economics Associates) on December 4, 2018 (more by IDEAs (International Development Economics Associates))  |

    The most significant feature of contemporary capitalism which is of relevance to the world of work is its inability to provide work to a substantial proportion of persons looking for it.

Monthly Review Essays

  • Extractivism in the Anthropocene
    John Bellamy Foster | Dio Cramer | MR Online

    Late Imperialism and the Expropriation of the Earth.

Lost & Found

  • End of Cold War Illusions
    Harry Magdoff | F 16N Fighting Falcon | MR Online

    In this reprint of the February 1994 “Notes from the Editors,” former MR editors Harry Magdoff and Paul M. Sweezy ask: “The United States could not have won a more decisive victory in the Cold War. Why, then, does it continue to act as though the Cold War is still on?”

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