By Saskia Sassen and Razi Ahmed
Foreign Policy magazine issues a Failed States Index once a year in conjunction with the Fund for Peace. A number of indicators are used to determine state failure: demographic pressures, the presence of refugees and internally displaced people, group grievances, human flight, uneven development, delegitimization of the state, human rights violations, an unaccountable security apparatus, failing public services, economic decline, elite factionalizing, and external intervention. The most recent Index, released in July, ranked Pakistan tenth among the sixty states categorized as failing to some degree. (Read Further)
Some of the world’s leading capitalist policymakers and economists participate in what the Financial Times described as an “all-consuming contemporary economic debate: austerity versus stimulus.” The writers, including Larry Summers, Jean-Claude Trichet and the FT’s Martin Wolf will argue whether cutting now risks suffocating the fragile recovery of the global economy. Please note that the FT does not allow cutting and cross-posting their articles on independent websites. To read further follow the link provided. (Read Contributions)
Posted in Financial Markets, Global Economic Crisis, Global Finance, International Political Economy, International Relations
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Tagged austerity, Financial Times, global economic crisis, Jean-Claude Trichet, Larry Summers, Martin Wolf, Niall Ferguson, stimulus
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The Basel Committee has published a proposal on “countercyclical capital buffers” to strengthen the global banking industry. Please note that the FT does not allow cutting and cross-posting their articles on independent websites. (Read further)
Posted in Banking Regulation, Capital Adequacy, Financial Markets, Global Finance, International Political Economy, International Relations
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Tagged banking, Basel, capital adequacy, countercyclical capital buffers, financial markets, global markets
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