The Real World Economic Outlook 2003 The Legacy of Globalization: Debt and Deflation

by Pettifor, Ann

• ISBN13: 9781403917959
• ISBN10: 1403917957
• Format: Paperback
• Copyright: 2003-12-05
• Publisher: Palgrave Macmillan

Summary

Building on the New Economic Foundation and Jubilee 2000's experience of making complex economic issues interesting and attractive to a mass audience, and publishing alternative reports, the Real World Economic Outlook provides an overview and reviews the global economy from a different and radical perspective. This first report looks at globalization and debt deflation.

Author Biography

Ann Pettifor is Director of Jubilee Research at the New Economics Foundation. She co-founded the Jubilee 2000 movement for the cancellation of the debts of the poorest countries.

Table of Contents

list of figures	x
list of tables	xii
foreword	xiii
preface	xv
acknowledgments	xix
notes on contributors	xxi
executive summary	xxv
introduction	xxviii
PART 01 global transformation and global outlook
1 making sense of our world: 1970-2003	5	(15)
ann pettifor
2 globalization and its consequences	20	(30)
romilly greenhill
predatory lending in britain	25	(6)
pat conaty
stock options and their affect on wealth inequality	31	(11)
claus gruber
inflation paranoia	42	(3)
joseph stiglitz
slicing and dicing risk	45	(5)
joseph stiglitz
3 real world economic outlook	50	(10)
romilly greenhill
4 real world environmental outlook	60	(15)
andrew simms
PART 02 real outlook for the world's regions
5 outlook for the middle east: unfulfilled promises and devastation	75	(9)
erinc yeldan
6 outlook for south and central america: economic stagnation and state decline	84	(6)
franklin serrano
7 outlook for north america: the three-bubble economy	90	(7)
dean baker
8 outlook for south asia: capital flows, deflation, and the persistence of poverty	97	(7)
jayati ghosh
9 outlook for east asia: US dependency and deflation	104	(4)
jomo ks
10 outlook for europe: the neoliberal stranglehold on growth	108	(8)
Janet bush
11 outlook for africa: debt, AIDS, and the feminization of poverty	116	(11)
zo randriamaro
PART 03 globalization and its inconsistencies
12 globalization and its inconsistencies	127	(3)
herman e daly
13 primitive accumulation revisited	130	(3)
gita sen
14 the well-being of nations	133	(5)
nic marks
15 poverty and income distribution: what is the evidence?	138	(14)
robert hunter wade
china and india: statistical sleights of hand	143	(25)
robert hunter wade
16 globalization: economic stagnation and divergence	152	(13)
alan freeman
PART 04 rise of the finance sector
17 debt and delusion	165	(9)
peter warburton
how banks make money	168	(6)
romilly greenhill
18 the dollar bill: who picks up the tab?	174	(4)
michael hudson
19 the US economy: a changing strategic predicament	178	(10)
wynne godley
20 why financial markets misbehave	188	(4)
dani rodrik
21 globalizing money: dollarization in latin america	192	(4)
franklin serrano
22 localizing money: alternative currencies	196	(3)
david boyle
23 financial architecture in the 20th century	199	(3)
ann pettifor
24 financial architecture in the 21St century?	202	(9)
jape d'arista
PART 05 new era?
25 framework for economic justice and sustainability	211	(8)
ann pettifor and romilly greenhill
Glossary	219