The maritime cycle and the post-crisis ups and downs

This edition of the FAL Bulletin analyses the maritime cycle and its impact on the overall business cycle. In particular, it considers the financial and economic crisis which shook the world from 2008 onwards, affecting both world trade and levels of economic activity, with serious consequences for maritime transport.

The Restructuring in the Post-Crisis Korean Economy

The current paper evaluates the restructuring measures implemented in the post-crisis Korean economy. Its policies taken after the economic crisis were quite successful in terms of economic recovery. The financial and corporate sector reforms undertaken by the Korean government contributed to strengthening the banking and corporate sectors, attracting FDI inflows. However, most indicators show worsening of income inequalities and workers. situation regarding job security. The strengths as well as the weaknesses of the development strategy of Korea and its reform measures undertaken since the occurrence of the economic crisis need to be differentiated.

Quilombo y apuesta. Apuntes etnográficos sobre la crisis argentina de 2001 a través de la mirada del mundo del diseño. En: Avá, nº 11

El objeto de este artículo consiste en explorar cómo ha sido resignificada - seis años después- la crisis argentina de 2001 por un grupo de productores de objetos e indumentaria que se identifican a sí mismos profesionalmente como diseñadores. En este sentido nos centraremos en las perspectivas de estos pequeños empresarios acerca de las diferentes dimensiones que adquirió la crisis (económica, política, cultural, moral, etc.) y de qué maneras incidió en la trayectoria de sus actividades productivas y profesionales, así como en sus imágenes acerca del futuro del país. A partir del material etnográfico -producido en base a entrevistas abiertas y observaciones en eventos públicos de diseño- fue posible advertir dos lecturas respecto a la crisis: si bien ésta fue percibida en términos de catástrofe, caos e incertidumbre, al mismo tiempo fue percibida como una oportunidad, como la posibilidad del ejercicio de una apuesta, operando como contexto propicio para el desarrollo de emprendimientos propios.

Consideraciones sobre la crisis argentina y las políticas sociales de la provincia de Mendoza

Con el presente trabajo se intenta realizar un análisis de la crisis Argentina y las políticas sociales en la provincia de Mendoza desde una perspectiva crítica. Asumimos el rol de sujetos preocupados por el acelerado proceso de exclusión y desafiliación social que se ha dado desde los 80 hasta la actualidad en la Argentina. El devenir de los procesos históricos estudiados puede inscribirse en distintos discursos, generando debates y conflictos entre las diferentes interpretaciones en el campo de las ciencias sociales y la teoría política. En este sentido analizamos los valores compartidos y sustentados por el neoliberalismo como parte de la cultura política y los efectos en la mayoría de la población de la Argentina en interrelación con la condición de ser ciudadano.

La globalización financiera y las recetas del FMI : Un acercamiento a las causas de la crisis argentina

Fil: Billodas, Javier Ramiro. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación; Argentina.

La globalización financiera y las recetas del FMI : Un acercamiento a las causas de la crisis argentina

Fil: Billodas, Javier Ramiro. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación; Argentina.

La globalización financiera y las recetas del FMI : Un acercamiento a las causas de la crisis argentina

Fil: Billodas, Javier Ramiro. Universidad Nacional de La Plata. Facultad de Humanidades y Ciencias de la Educación; Argentina.

Post-Crisis Economic Reform in Indonesia:Policy for Intervening in Ownership in Historical Perspective

Introduction : Economic reform in Indonesia after the Asian currency crisis is often discussed in parallel with Thailand and South Korea, which were alike hit by the crisis. It should however be noted that what happened in Indonesia was a change of political regime from authoritarianism to democracy, not just a change of government as seen in Thailand and South Korea. Indonesia’s post-crisis reform should be understood in the context of dismantling of the Soeharto regime to seek a new democratic state system. 　　　In the political sphere, dramatic institutional changes have occurred since the downfall of the Soeharto government in May 1998. In comparison, changes in the economic sphere are more complex than the political changes, as the former involve at least three aspects. The first is the continuity in the basic framework of capitalist system with policy orientation toward economic liberalization. In this framework, the policies to overcome the crisis are continued from the last period of the Soeharto rule, under the support system of IMF and CGI (Consultative Group on Indonesia). The second aspect is the impact of the political regime change on the economic structure. It is considered that the structure of economic vested interests of the Soeharto regime is being disintegrated as the regime breaks down. The third aspect is the impact of the political regime change on economic policy-making process. The process of formulating and implementing policies has changed drastically from the Soeharto time. With these three aspects simultaneously at work, it is not so easy to identify which of them is the main cause for a given specific economic phenomenon emerging in Indonesia today. 　　　Keeping this difficulty in mind, this paper attempts to situate the post-crisis economic reform in the broader context of the historical development of Indonesian economic policies and their achievements. We focus in particular on the reform policies for banking and corporate sectors and resulting structural changes in these sectors. This paper aims at understanding the significance of the changes in the economic ownership structure that are occurring in the post-Soeharto Indonesia. Economic policies here do not mean macro economic policies, such as fiscal, financial and trade policies, but refer to micro economic policies whereby the government intervenes in the economic ownership structure. In Section 1, we clarify why economic policies for intervening in the ownership structure are important in understanding Indonesia. Section 2 follows the historical development of Indonesia’s economic policies as specified above, throughout the four successive periods since Indonesia’s independence, namely, the parliamentary democracy period, the Guided Democracy period under Soekarno, the Soeharto-regime consolidation period, and the Soeharto-regime transfiguration period2. Then we observe what economic ownership structure was at work in the pre-crisis last days of the Soeharto rule as an outcome of the economic policies. In Section 3, we examine what structural changes have taken place in the banking and corporate sectors due to the reform policies in the post-crisis and post-Soeharto Indonesia. Lastly in Section 4, we interpret the current reorganization of the economic ownership in the context of the historical transition of the ownership structure, taking account of the changes in the policy-making processes under democratization.

Economics of the new member states: A post-crisis perspective

This essay addresses four major issues confronting the Central and Eastern European new members of the European Union in the decade to come. First: what to think of the financial meltdown of 2008-2009. Second, what have they learned from the tremors, having shaken the previous star performers of the EU? Third we ask if we can expect a return to ‘normalcy' as forecast by most models of financial rating agencies and international financial institutions? Fourth the question is raised what did the new members benefit from their EU membership? Some conclusions on the future of EU reforms and policies close the overview.

Post-Crisis Lessons for Open Economies

In a systemic perspective, what are the primary transmitters of global competitiveness with the proper coordination mechanism? What are the systemic impacts of the U.S. economy on world markets? Will the United States stay the main engine of world economic growth for quite some time to come, or at least in the current decade? Will and should the United States, as the single largest open economy of the world, be in some way responsible for the provision of global economic stability as a valuable public good? Was the recent crisis predictable? These are the main questions addressed, all of which are answered in a new global context, and the responses are based on some known principles of international economics and economic history.

Global economics governance in the post-crisis world

The Great Crisis has made it clear once again that avoiding the derailment of globalization of trade and finance and the protecting the globe from fragmentation call for enhanced global cooperation and an efficient, flexible and coherent system of global governance. Three interconnected levels (national, regional, and global) comprise the system of global governance. This paper is dealing with some of the main issues of global economic governance in the post-crisis world. It reveals that the turbulence and the distress of the world of the early 21st century have deeper roots and broader sources than the crisis. Global governance therefore has to respond much broader set of challenges in comprehensive framework and long term perspective.