This article argues that the recent financial crisis was caused largely by the long-term problem of the current world economy lacking a sustainable path of development. Limits to growth -- expressed principally through rises in the price of oil and other commodities -- created a crisis for the...

Trends in under-five mortality were favorable in Zambia in the twelve years following independence (1964-1975), as a result of favorable political and economic context and generous health, education and social policies, largely financed by the exports of copper minerals, the main economic...

Is the economic and financial crisis also a crisis of Economics? From different perspectives, today there is rather harsh criticism of Economics as a Social Science. In this paper, first, some of the recent failures of Economics are discussed. Then some of the criticisms are taken up that are...

In spite of the difficulties incurred by its people, Cuba has maintained a centrally planned economy with single party system. On the contrary, Vietnam has introduced a market economy under communist rule, and succeeded in generally improving living standards. The factors that contributed to the...

Indian outward FDI flows have declined in 2008 and the first half of 2009. The global financial and economic crisis appears to have seriously dented overseas investment plans of emerging Indian multinationals. This paper looks at the trends and patterns of Indian OFDI flows in the current crisis...

This report builds upon previous CEPR projections to more accurately describe the current wealth prospects for the baby boom cohorts aged 45 to 54 and 55 to 64. The severity of the housing market meltdown, coupled with the recent collapse of the stock market, has had a severe negative impact on...

This paper studies the process that led to the Argentine crisis. The crisis is understood as a major disappointment of previous expectations, indicated by widespread insolvencies and abrupt declines in consumption. The analysis concentrates on the sequence of public and private decisions, and...

This paper analyzes the causes of the massive peso devaluation of December 1994 and the ensuing economic crisis in Mexico. The paper argues that, while earlier devaluation might have been helpful, Mexico's economic growth strategy in the early 1990s was fraught with internal inconsistencies that...

The impact of economic crisis on India has been analysed in the speech. [Speech delivered at the Symposium on 'The Global Economic Crisis and Challenges for the Asian Economy in a Changing World'].

Most of the countries caught up in the Asian financial crisis appear to have weathered the storm. But Indonesia's prospects are far more uncertain. In this Innocenti Insight, development journalist and writer Peter Stalker describes how the financial turbulence of the Krisis Moneter, or Krismon,...