Why Has The Eurozone Ended Up With An Unemployment Rate Than Twice That Of The United States Than Six Years After The Collapse Of Lehman Brothers Why Did The Vast Majority Of Low And Middle Income Countries Suffer A Prolonged Economic Slowdown In The Last Two Decades Of The 20th Century What Was The Role Of The International Monetary Fund In These Economic Failures Why Was Latin America Able To Achieve Substantial Poverty Reduction In The 21st Century After Than Two Decades Without Any Progress Failed Analyzes These Questions, Explaining Why These Important Economic Developments Of Recent Years Have Been Widely Misunderstood And In Some Cases Almost Completely Ignored First, In The Eurozone, Mark Weisbrot Argues That The European Authorities Political Agenda, Which Included Shrinking The Welfare State, Reducing Health Care, Pension, And Other Social Spending, And Reducing The Bargaining Power Of Labor Played A Very Important Role In Prolonging The Eurozone S Financial Crisis And Pushing It Into Years Of Recession And Mass Unemployment This Conclusion Is Based Not Only On Public Statements Of European Officials, But Also On Thousands Of Pages Of Documentation From Consultations Between The IMF And European Governments After 2008.The Second Central Theme Of Failed Is That There Are Always Practical Alternatives To Prolonged Economic Failure Drawing On The History Of Other Financial Crises, Recessions, And Recoveries, Weisbrot Argues That Regardless Of Initial Conditions, There Have Been And Remain Economically Feasible Choices For Governments Of The Eurozone To Greatly Reduce Unemployment Including The Hardest Hit, Crisis Ridden Country Of Greece.The Long Term Economic Failure Of Developing Countries, Its Social Consequences, As Well As The Subsequent Recovery In The First Decade Of The 21st Century, Constitute The Third Part Of The Book S Narrative, One That Has Previously Gotten Too Little Attention We See Why The International Monetary Fund Has Lost Influence In Middle Income Countries Failed Also Examines The Economic Causes And Consequences Of Latin America S Second Independence And Rebound In The Twenty First Century, As Well As The Challenges That Lie Ahead.
Mark Weisbrot is an American economist and columnist, and is co director, with Dean Baker, of the Center for Economic and Policy Research CEPR in Washington, D.C As a commentator, he contributes to such publications as The New York Times, The Guardian and Brazil s largest newspaper, Folha de S Paulo.As an economist, Weisbrot has opposed privatization of the United States Social Security system Mark Weisbrot is an American economist and columnist, and is co director, with Dean Baker, of the Center for Economic and Policy Research CEPR in Washington, D.C As a commentator, he contributes to such publications as The New York Times, The Guardian and Brazil s largest newspaper, Folha de S Paulo.As an economist, Weisbrot has opposed privatization of the United States Social Security system and is critical of globalization and the International Monetary Fund IMF He has supported efforts by South American governments to create a Bank of the South, in order to make themindependent of the IMF Weisbrot s work on Latin American countries including Argentina, Bolivia, Brazil, Ecuador and Venezuela has attracted national and international attention, and in 2008 was cited by Brazilian Foreign Secretary Celso Amorim In early 2010, Weisbrot s work on Latvia s economic crisis attracted national and international attention.Weisbrot has several times contributed testimony to Congressional hearings, in 2002 to a House of Representatives committee, on Argentina s 1999 2002 economic crisis, and in 2004, to the US Senate Foreign Relations Committee, on the state of democracy in Venezuela, and on media representation of Hugo Ch vez and of Ch vez s Venezuela
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- 07 June 2017 Mark Weisbrot