Economics

For innovative young folks, angels are by no means mythical beings or messengers of God as depicted in the Hebrew and Christian Bibles and the Quran. They are flesh-and-blood source of equity capital at the seed and early stage of company formation, particularly when banks are reluctant to lend.

Article by Ramesh Jaura

When an international commission headed by Willy Brandt drew attention to global economic interdependence in its report in 1980, the world was divided between rich North and poor South. More than 3 decades later, the IMF is asking what were until recently developing countries to help stave off the European financial crisis resulting in the global economy sinking like Titanic

“Countries throughout the world will experience an economic slowdown this year as the sovereign debt crisis in Europe continues to unfold,” says a UN report.

Montevideo – The World Trade Organization (WTO) has failed. In December, the Doha Round is turning ten years old, with nothing to celebrate[i]. Formal negotiations of the Round expired in 2005, without any agreement, and informal negotiations stalled in 2008. Indications in December too were that an agreement to liberalize trade among its 153 member countries was eluding.

During the last two centuries over 60 million of Europeans travelled to the Americas escaping the great wars or looking for a better life. When Latin Americans travelled back to Europe running away from military dictatorships and economic debacles the walls came up in “fortress Europe”. As the economic crisis in the Eurozone unfolds migration is again changing direction.

Press Release Posted on November 28, 2011 by OccupyLSX (Occupy the London Stock Exchange). Initial statement of Corporations Policy Group ratified by Occupy London’s General Assembly. Occupy London asks corporations to engage in dialogue working together to create a socially responsible and sustainable economic system.

Montevideo – In 2002, Anne Krueger, First Deputy Managing Director of the International Monetary Fund (IMF), floated the idea that countries can go bust, advanced her opinion about a possible international mechanism of sovereign debt restructuring, and when considering the obstacles to an orderly debt restructuring, explicitly mentioned the behavior of vulture funds.

The Occupy movement continues to expand its influence and develop awareness in different fronts. Harvard Economics students decide to raise the issue of what kind of models are taught and what has been the influence of such models in the creation of the present international crisis. Professor teaches “Neo-Kensyan”(!?) doctrine but students describe it as neo-liberal

With two years of failed plans, pseudo-plans and announcements of plans, Europe has acquired a huge pile of debt and a decade of agony.

Here we give publication to the complete letter we received from our friend Pedro Páez, at the moment in which he concluded his
duties as President of the Ecuadorian Presidential Technical Commission
for the New International Financial Architecture, to which he were appointed by the Ecuatorian President Mr. Rafael Correa.