The current vaccination scenario calls for a reflection on the conceptualization of underdevelopment as a process of dependency. Nowadays, to understand the big picture of the production and trade of vaccines, for instance, it is necessary to consider the analysis of the dynamics of the world-wide capitalist system. Indeed, the access to vaccines has put… Read More Vaccines and underdevelopment as dependency
While the study of wicked problems is not new, there is a need to develop a broader understanding of its scope in policies under the paradigm of complexity. The origin of the term “wicked Problem” goes back to Rittel and Webber’s (1973) questioning of the validity of technical-scientific approaches in social policy and urban planning.… Read More WICKED PROBLEMS IN ECONOMIC POLICY
qua., 24 de fev. às 13:53 THE GREAT LOCKDOWNAn Interpretative AttemptA conference from the WORLD ECONOMICS ASSOCIATION AND CENTER FOR MARKET EDUCATION 15th April to 15th May, 2021 Organizers Dr. Carmelo Ferlito and Dr. Maria Alejandra Madi This ON LINE Conference aims to discuss recent contributions to the understanding of the Covid-19 economic crisis and its… Read More WEA and CME on line conference: THE GREAT LOCKDOWN
Global concerns have increased under the COVID-19 pandemic’s impact on the environmental, social, economic, technological and political relationship between energy systems, growth patterns, the climate and the environment. As a result, many countries are now planning to focus on a green or climate-friendly recovery. Indeed, huge amounts of investments are still needed in energy efficiency… Read More Can regulators avoid a green bubble after the pandemic?
The current WEA Discussion Forum on Trade Wars is being opened today. Many relevant questions are at stake: Can China actually replace the US as the economic leader in the world? If not, what will prevent it? If so, what is required for …? How can the US prevent this shift from happening? Will free… Read More WEA Discussion Forum: Trade Wars
Ten years after the 2008 global financial crisis, the commodification of health, the spread of fiscal austerity programmes, deep social marginalization and climate change challenges revealed that health issues are “vital matters” that economists should address. Moreover, the outcomes of the coronavirus crisis call for a reflection on the contemporary threatens related to individual freedom,… Read More Economics education in a post-pandemic world
The fundamental structural flaws in the global economy have not been addressed after the 2008 global crisis. Monopoly-finance capital became increasingly dependent on bubbles that, both in credit and capital markets, proved to be globally the sources of endogenous financial fragility. This process was reinforced, in a vicious circle, by a concentration of income, wealth… Read More Structural flaws and COVID-19
The United States declared an economic war on China in early 2018. Economic warfare is a unilateral action that questions the existence of multilateralism and places the question of what regime we are about to enter after the weakening of the existing multilateral trade agencies. US trade policy opens the door for new relationships between… Read More Wea conference: Trade Wars after Coronavirus
Since the 2008 global financial crisis, the financial regulation scenario faces new drivers and challenges. Bank transactions by internet and mobile banking have sharply increased. In this digital environment, new technologies – such as advanced analytics, big data, in addition to the use of robotics, artificial intelligence, new forms of encryption and biometrics – have… Read More A policy-makers toolkit for state-backed digital currencies: do we need this?
This post was written by Carmelo Ferlito. He is a senior fellow at the Institute for Democracy and Economic Affairs (IDEAS) I taught economics in Malaysia for seven years. My students were mainly second and third year university students who attended my economics classes (microeconomic theory and policy and history of economic thought) after having… Read More Making Economics Relevant