November 16, 2016

11:30:00 PM - 01:30:00 AM

Part 1: Free Trade 2.0?

The Urban Democracy Lab at New York University, the North American Congress on Latin America (NACLA)

Jerry H. Labowitz Center for the Performing Arts
1 Washington Place
New York, NY, 10003

Few areas more sharply define the difference between right and left in Latin America than trade policy. Where leftist governments fought fiercely over the last 15 years to slow and reverse years of unfavorable free trade agreements promoted by the U.S., the region's right seems just as committed to rekindling that agenda by signing on to massive deals like the Trans Pacific Partnership.  Will they succeed? And what are the likely effects — for capital, for labor, for social movements, and for populations at large? This panel brings contributors from NACLA's Report on the Americas magazine fall issue together with activists on the front lines of social movement struggles to promote trade policy that is fair, and just.

  • Ana Romero Cano (Executive Director, Red Peruana por una Globalizacion con Equidad)

  • Sarah Stephens (Executive Director, Center for Democracy in the Americas)

  • Alejandro Villasmil (Convergencia #MexicoMejorSinTPP)

  • David Rosnick (Center for Economic and Policy Research)

  • Tom Kruse (North American Congress on Latin America), moderator

More information on the event can be found here, or RSVP here.

November 14, 2016

12:15:00 AM - 02:00:00 AM

The Columbia University Seminar on Full Employment, Social Welfare & Equity #613 and Globalization, Labor, and Popular Struggles #671

Faculty House, Columbia University (http://facultyhouse.columbia.edu/)
64 Morningside Dr, New York, NY 10027

The seminar is at 7:15 p.m. in a room that will be announced in the Faculty House lobby. Please look for a bulletin board posting. To reach Faculty House, enter the Columbia University campus via the gate on the east side of Broadway at 116th Street; go through campus and cross Amsterdam Avenue. Continue on West 116th past the Law School and turn left through the gate, turn right beyond Wein Hall on the right and go down the ramp to Faculty House.


Mark Weisbrot, Co-Director of the Center for Economic and Policy Research; Liz Krueger, State Senator 

Mark Weisbrot is Co-Director of the Center for Economic and Policy Research in Washington, D.C. and an expert on the Trans Pacific Partnership and U.S.-Latin American relations.  He received his Ph.D. in economics from the University of Michigan. He is author of the book, Failed: What "Experts Got Wrong About the Global Economy  (Oxford University Press, 2015), co-author, with Dean Baker, of Social Security: The Phony Crisis (University of Chicago Press, 2000), and has written numerous research papers on economic policy.

He writes a regular column for The Hill, and a regular column on economic and policy issues that is distributed to over 550 newspapers by the Tribune Content Agency. His opinion pieces have appeared in the New York Times, Washington Post, the Los Angeles Times, The Guardian, and almost every major U.S. newspaper, as well as in Brazil's largest newspaper, Fohla de São Paulo. He appears as a weekly guest on "The Big Picture" with Thom Hartmann, and regularly on national and local television and radio programs. He is also president of Just Foreign Policy.

Senator Krueger, has represented much of Manhattan's East Side and East Midtown neighborhoods since her 2002 special election victory, when she captured the last Republican seat in Manhattan for Democrats. Krueger is a veteran member of the Senate's Democratic Conference and serves as ranking member on the Senate's Finance Committee, which has a large role in the state budget process and substantial jurisdiction over legislation moving through the Senate.  She is a committed fighter for state government reform and a nationally recognized expert on the issues of poverty and homelessness.  Prior to her election to the Senate, Sen. Krueger was the founding Director of the Food Bank for New York City and served as the longtime Associate Director of CFRC, a New York City anti-poverty direct service provider and advocacy organization. She holds a B.A. from Northwestern University in Social Policy and Human Development and a master's degree from the University of Chicago's Harris Graduate School of Public Policy.

*OPTIONAL DINNER: Members of the seminar will gather for an optional dinner in Faculty House at 6:00. The cost of the dinner is $30 per person and is payable by check only to Columbia University. In the memo line of the check, please write "Seminar 613 and 671 Dinner".

*PLEASE RSVP to Aggie Sun by email (ms4196[at]columbia.edu) by November 11 to attend the dinner and November 14 to attend the seminar.

November 14, 2016

05:00:00 PM - 07:00:00 PM

The Institute for International Economic Policy, the Software and Information Industry Association and the Internet Society of Greater Washington D.C

The Elliott School of International Affairs
1957 E Street NW, Room 505, Washington, D.C.

Cross-border data flows are the life-blood of an integrated world economy.  They support manufacturing and service supply chains and enable the flow of diverse and innovative goods and services to customers all over the world. But domestic policies must allow for these flows.  In the last several years, we have seen increasing attempts to close down the flow of information across borders — through requirements for domestic location of computer facilities and explicit bans on the transfer of data into or out of countries.  While domestic policy space must be large enough to permit legitimate regulations such as privacy and consumer protection, it should also ensure that these measures are no more restrictive than necessary to accomplish these purposes. The TPP was the first trade agreement to include binding provisions regarding these flows, but it has not yet been approved by any government.  But there are additional avenues to discuss cross-border data flows. They include:

  • the Trade in Services Agreement being negotiated at the WTO

  • the WTO E-Commerce working group

  • bilateral discussions, discussions and resolutions at meetings of international economic leaders such as the G7 and the G20.  Herein we focus on what's happening at the multilateral level at the WTO.

Join us for a discussion with a panel of experts and advocates on these avenues.

Speakers will include:

  • Sam Dupont,  Director for Digital Trade, USTR

  • Michael Joseph Ferrantino, World Bank

  • Carl Schonander, Senior Director International Policy, SIIA

  • Deborah James, Director, International Programs, Center for Economic and Policy Research

Moderator: Research Professor and Cross-disciplinary Fellow Susan Aaronson,Ph.D. GWU

RSVP here.

November 14, 2016

02:00:00 PM - 03:00:00 PM

Economists for Peace and Security 

Hyatt Regency Washington on Capitol Hill

Following one of the most unusual presidential and congressional elections in US history, a panel of senior specialists will present ideas for improving prospects for peace, and growth with fairness for all Americans. The topic of the panel, part of the Economists for Peace and Security Symposium: Policy Challenges for the New US President, is "Global Security: Russia, China, Europe and Latin America."

Chair - Richard Kaufman, Bethesda Research Institute
- Michael Lind
- Mark Weisbrot, Center for Economic and Policy Research
- Matias Vernengo, Bucknell University
- Carl Conetta, Project on Defense Alternatives

To register please click here.

November 9, 2016

05:30:00 PM - 07:00:00 PM

Institute for Policy Studies

Institute for Policy Studies
1301 Connecticut Ave. NW, 6th Floor
Washington, DC 20036

The election is over. Racism, xenophobia, corporate greed, climate change, inequities and inequality — too name just a few challenges — are still with us.

So how do we maintain our collective momentum and what are our next steps to positively transform our nation after the ballots are counted?

Join our informed and dynamic panel and be a participating audience member as we discuss and interact with some of these issues and the movements struggling to transform them. We need to come together and immediately begin action steps for the next four years and beyond.


Moderated by John Cavanagh, Director of IPS.

Please RSVP

October 25, 2016

06:00:00 PM - 07:00:00 PM


121 Cannon House Office Building
27 Independence Ave., S.E.
Washington, D.C., 20003

International trade and migration are fundamental and interrelated components of globalization that have the potential to improve the lives of working families. For far too long, however, trade and immigration policies have prioritized corporate interests over good jobs and worker rights.

Since the implementation of the NAFTA in 1994, corporate-driven free trade agreements have undermined workers' bargaining power, disrupted rural economies, and displaced whole communities in developing countries. Millions of workers have been driven from their homes and families, often undertaking difficult journeys in search of work abroad, where their status is precarious and they are likely to face abuse, exploitation and discrimination.

Now politicians and corporations seek to repeat the failed policies of the past by implementing the TPP, a massive trade deal between the United States and 11 other Pacific Rim nations. The TPP would repeat and expand economic rules that destabilize communities, perpetuate low wages and undermine labor rights—all of which are factors driving forced migration.

The TPP broadly fails migrant workers in three ways: (1) It would displace working people and contribute to forced migration; (2) Its labor provisions would not adequately address ongoing violations of migrants' human and labor rights; and (3) It would further empower corporate and investor interests potentially undermining efforts to win immigration reform and strong labor laws. Although the TPP puts all the downside risk on the most vulnerable, saving its strongest protections for global corporations, it doesn't have to be this way.  Different trade rules could promote commerce while advancing the working poor and building shared prosperity. 

This briefing will feature testimony from community and labor leaders, and immigration and trade policy experts. Members of Congress, congressional staff, the interested public and media are invited to attend this important briefing.


  • Celeste Drake, AFL-CIO Trade and Globalization Specialist (moderator)
  • Tefere Gebre, Executive Vice President, AFL-CIO
  • Alex Main, Center for Economic and Policy Research
  • Abel Núñez, Alianza Americas, CARECEN-DC

October 6, 2016

04:00:00 PM - 06:00:00 PM

Institute for Policy Studies

Institute for Policy Studies
1301 Connecticut Ave. NW
Washington, DC 20036

On August 31st, the rightwing forces in Brazil impeached President Dilma Rousseff on spurious grounds thus setting back the Workers' Party's social justice programs and implementing an austerity program that will most gravely affect the working class and the largest Afro descent population outside of Nigeria. Afro-Brazilians  suffer some of the most blatantly egregious poverty, racism and discrimination in the world, including being subjected to the highest official police murder rates of Black youth (6-7 daily as recently reported by the Washington Post).

The overwhelmingly white protests backing the ouster of the President, combined with attacks by the right wing all white male Temer government that had dismantled the Special Ministry against racial discrimination, reveal the racial divide within the current political crisis.

Hear from our panelists about the lead-up to the coup and what the social justice movements in Brazil need from us. The discussion will recount how race and class in Brazil are nearly indistinguishable and the various ways the weight of reactionary policies will fall heaviest on the country's predominantly Black and low-income populations.


  • Azadeh Shahshahani is Legal and Advocacy Director with Project South and a past president of the National Lawyers Guild. In July, Shahshahani served as a juror for the International Tribunal on Democracy in Brazil.

  • Aline Cristiane Piva, is a Brazilian political analyst on media relations in Brazil and a Research Fellow at the Council on Hemispheric Affairs. She has a post-graduate degree in International Relations from the University of Brasilia, UnB, Brazil.

  • Alex Main is Senior Associate for International Policy at the Center for Economic and Policy Research (CEPR) whose work focuses on U.S. foreign policy toward Latin America and the Caribbean. Alex just returned from Brazil, meeting with many social movement leaders.

Please RSVP.

Co-sponsors: Institute for Policy Studies, National Lawyers Guild DC-Chapter,

September 30, 2016

11:00 AM - 1:00 PM

III Encuentro Latinoamericano Progresista 2016

Mesa Redonda 9
Desafíos económicos de América Latina: la construcción de la justicia social y la equidad

Auditorio principal de la CIESPAL
Quito, Ecuador

1. Patricio Rivera, Ministro Coordinador de la Política Económica (Ecuador)

2. Ana María Larrea, Presidenta de la Comisión de Formación Política del Movimiento Alianza PAIS

3. Mark Weisbrot, Economista (Estados Unidos)

4. Pabel Muñoz, Presidente del Instituto de Pensamiento Político del Movimiento Alianza PAIS

5. Armando Uribe, Encargado de la Secretaria Exterior del Partido Socialista (Chile).

Modera: Jorge Jurado, Ex Embajador del Ecuador en Alemania.

September 27, 2016

05:00:00 PM - 06:00:00 PM

Capitol Visitors Center, Congressional Meeting Room South

Capitol Visitors Center, Congressional Meeting Room South
First St NE
Washington, DC 20515

Screening of the film "The Same Heart," which makes the economic and moral case for raising funds from financial transactions to address the pressing needs of our most vulnerable children. Following the film excerpt, there will be a panel discussion with the filmmakers Len and GeorgiaMorris, Reid Maki of the Child Labor Coalition, Karen Orenstein of Friends of the Earth and Dean Baker of the Center for Economic Policy and Research on how a very small fee on Wall Street trades could serve as an investment in our future: raising new revenue to support our communities, making financial markets work for everyone, and providing funds to not only address our domestic needs but also to tackle global crises like hunger, infectious disease, and climate change.

September 21, 2016

01:30:00 PM

The National Press Club


The National Press Club
Bloomberg Room
529 14th Street NW
Washington, DC 20045

The United Nations Conference on Trade and Development (UNCTAD) will launch its 2016 Trade and Development Report (TDR), one of the UN's flagship publications on Sept. 21 at the National Press Club. Elissa Braunstein, senior economist at UNCTAD, and Dean Baker, Co-Director of the Center for Economic and Policy Research, will be speaking at the event.

Some of the issues examined in this year's TDR include:

• The slowdown in global growth and the failure, in particular, of advanced economies to fashion a balanced policy mix to boost demand, raise productivity growth and achieve fairer outcomes. But the slowdown could intensify as downside risks increase in developing countries.

• The politicisation of trade. The Report focuses on the slowdown in trade, which it sees as a demand side problem, linked to wages lagging productivity across the global economy. Increased protectionism (whether rising tariffs or non-tariff measures) does not offer an explanation for this slowdown (as, for example, the WTO has been arguing), and runs the danger of diverting attention from what does.

• The erosion of the profit-investment nexus. "Financialization" has weakened the investment climate, in particular the reinvestment of profits in productive investment. This has been the case in advanced economies for some time, where corporations have been using higher profits to pay dividends, repurchase share and invest in financial instruments. This is becoming visible in emerging economies.

• A concern that debt crises could resurface in the developing world given the combination of slower growth, falling commodity prices, highly volatile capital flows and the prospect (without predicting when) of rising interest rates.

• The revival of industrial policies, in developed and developing countries alike. The approach needs to move beyond picking winners to thinking about an integrated policy approach in support of linkage building.

For more information on this event, contact elissa.braunstein[at]unctad.org.

September 13, 2016

11:00:00 PM

The New York Society for Ethical Culture

The New York Society for Ethical Culture
2 West 64th Street
New York, NY

Screening of the film "The Same Heart," which makes the economic and moral case for raising funds from financial transactions to address the pressing needs of our most vulnerable children. Following the film excerpt, there will be a panel discussion with the filmmakers Len and GeorgiaMorris, Reid Maki of the Child Labor Coalition, Karen Orenstein of Friends of the Earth and Dean Baker of the Center for Economic Policy and Research on how a very small fee on Wall Street trades could serve as an investment in our future: raising new revenue to support our communities, making financial markets work for everyone, and providing funds to not only address our domestic needs but also to tackle global crises like hunger, infectious disease, and climate change.

July 20, 2016

04:30:00 PM - 06:00:00 PM

Amazon Watch and the Center for Economic and Policy Research

Amazon Watch / CIEL Conference Room 
1350 Connecticut Ave. NW #1100
Washington, D.C., 20036

President Dilma Rousseff has been temporarily suspended from office and is facing a political trial in Brazil's senate promoted primarily by politicians implicated in corruption scandals. A permanent replacement of Brazilian President Rouseff by the reactionary, evangelical, rightwing government of Michel Temer would imply serious social and environmental consequences for the country and the whole region.

Members of Temer's interim government have backed complete deregulation of environmental impact studies for any infrastructure project, while a recent nominee of a military General to head Brazil's indigenous agency (FUNAI) has spurred national protest. Temer also approved new legislation to allow fumigation of pesticides without regulation, even in urban areas, among other measures to cut social investments in education, healthcare and housing.

About the Presenter:

Maria Luisa Mendonca is director of Brazil's Network for Social Justice and Human Rights. She is also a professor in the international relations department at the University of Rio de Janeiro. She was recently published in The Progressive and interviewed on Democracy Now!

June 28, 2016

01:45:00 PM - 03:15:00 PM


815 16th Street NW
Washington, DC 20006

The rise of the WTO and other trade agreements coincided with the rise of neoliberal economics in the West. What is the relationship between the two? What does the evidence show about the impact of neoliberal trade agreements on jobs, wages, consumer demand, monopoly power, and income inequality? Is the economic modeling used by the U.S. International Trade Commission, a good predictor of outcomes from FTAs? What is the impact of neoliberal trade deals on worker bargaining power? Does Trade Adjustment Assistance adequately compensate those harmed by U.S. trade policy? Are the rules proposed in the TPP, TTIP and TISA the right ones to advance shared prosperity?

Dean Baker, Center for Economic and Policy Research

Thomas Palley, AFL-CIO

Rob Scott, Economic Policy Institute

Joseph Guzman, Michigan State University

Moderator: Thea Lee, AFL-CIO

June 15, 2016

10:30:00 PM - 12:30:00 AM

Friends of the Earth


1101 15th St, NW, 11th Floor
Washington, D.C. 20005

Free screening of The Same Heart, a documentary that follows the stark effects of inequality on the world's children, followed by a discussion with filmmaker Len Morris and economist Dean Baker of the Center for Economic and Policy Research. 

The Robin Hood Tax — a miniscule tax on the trades of stocks, bonds, and other financial instruments -- is widely seen as a promising source of funds to help developing countries take climate action. France capitalized on its presidency at the Paris COP to push for a Robin Hood Tax as an innovative source of climate finance. And now France and 9 other European countries are on the cusp of establishing the world's first regional Robin Hood Tax. Additionally, the finance ministers of the Vulnerable Twenty (V20), a group of highly climate change-vulnerable developing countries, have called for an FTT "to meet the urgent finance mobilization needs of climate action."

With vivid and often beautiful footage of hard places to grow up in, The Same Heart is shot in eleven countries, including the US. The film gathers a growing number of global economists, joining their voices with moral leaders, to propose an extremely small tax on Wall Street financial transactions -- popularly known as the "Robin Hood Tax." This tax would place the needs of children at the heart of the global financial system in an age of environmental crisis.

The event is sponsored by Child Labor Coalition, Friends of the Earth US, Institute for Policy Studies, International Labor Rights Forum, Maryknoll Office for Global Concerns, National Nurses United, and Public Citizen.

May 29, 2016

08:15:00 PM - 09:45:00 PM

Roundtable at LASA2016

May 29, 2016
4:15 to 5:45pm

This roundtable takes 15 years of governments challenging the neoliberal model as an opportune time to examine the results of divergent national strategies in the 21st century. Mexico and Honduras (especially after the 2009 military coup) have both followed a neoliberal, conservative model, including privatization of publicly held resources and increasing economic and political integration with the United States. In contrast, various nations dubbed "the pink tide" such as Venezuela, Ecuador, Bolivia, Argentina and Brazil, have each ventured onto different paths that include such changes as an emphasis on social and economic inclusion of previously marginalized populations for national development, increased public investment and social programs, financial reforms and less independent central banks, and internationally, promoting south to south relations and foreign policies independent of the United States. The six-member roundtable divides exactly in half, with three members having expertise in one of these two contrasting strategies.

Panel Chair:

Mark Weisbrot, Center for Economic Policy and Research


  • T M Scruggs, TheRealNews.com

  • Miguel R Tinker Salas, Pomona College

  • John M Ackerman, Institute for Legal Research/UNAM

  • Irma Eréndira E Sandoval Ballesteros, Universidad Nacional Autónoma de México

  • Suyapa G Portillo Villeda, Pitzer College

More information is available on the LASA2016 site.

May 28, 2016

06:45:00 PM - 07:15:00 PM


Penguin Random House, Booth 111
Americas Hall I
New York Hilton Midtown Hotel
New York, NY 10019

Alexander Main and Dan Beeton will sign copies of "The WikiLeaks Files: The World According to US Empire."

May 28, 2016

04:45:00 PM - 06:15:00 PM

Roundtable at LASA2016

May 28, 2016
12:45 to 2:15pm

In 2009 and 2010, Wikileaks released over 250,000 classified cables from U.S. diplomatic missions worldwide. Initially, the cables received intense media coverage that often focused on revelations of potentially illegal or embarrassing conduct by foreign officials. Since then, few reporters or scholars have shown much interest in the cables. Over the past five years, only a tiny number of Wikileaks cable citations have appeared in leading U.S. academic journals.

Have the Wikileaks cables received the attention they deserve? Have we assimilated what the cables can teach us about U.S. foreign policy in action? Are the research opportunities offered by the Wikileaks cache of cables being fully exploited?

We will address these questions from a variety of perspectives, focusing on the Wikileaks trove of cables from Latin America. First, we will offer a critical assessment of media coverage of the Latin America cables, in the U.S. and the rest of the region, and academia's use of these cables. We will then look at how the cables shed new light on "soft" forms of U.S. political intervention in the region, based on research undertaken for the Latin America chapters in The WikiLeaks Files. Finally, we will draw from recent research in the area of U.S.-Mexico relations to examine what the cables tell us about U.S. security assistance to Mexico and the human rights vetting of Mexican security agents by the U.S. State Department.

Panel chair:

Alexander Main, Center for Economic and Policy Research


  • Keane Bhatt

  • Dan Beeton, Center for Economic and Policy Research

  • Jesse Franzblau

May 27, 2016

9:45 AM - 11:15 AM

Las relaciones de América Latina y el Caribe con Estados Unidos se encuentran en un período de reconfiguración que responde a dinámicas diversas y planos superpuestos en los cuales, como mínimo, confluyen el sistema de relaciones internacionales, la pluralidad de las políticas internas y externas de los estados-naciones y sus interacciones, las conexiones y acciones de actores regionales y extra-regionales, de organismos multilaterales, gubernamentales y no gubernamentales, trasnacionales, lícitos e ilícitos. Al mismo tiempo, la región de América Latina y el Caribe en su diversidad y pluralidad está reacomodando sus posiciones y, sumergida en la búsqueda de soluciones a problemas acuciantes, ha creado espacios regionales y subregionales de diferentes signos y con énfasis diversos. Este panel busca analizar y exponer algunas lecturas sobre esta complejidad regional atendiendo a las orientaciones de política exterior que son gestadas de Estados Unidos hacia el hemisferio occidental a través de distintos enfoques regionales.

Sponsor: Latin American Perspectives (LAP)

Session Organizer: Daniela C Castorena Sánchez, Universidad
Nacional Autónoma de México

Chair: Jaime Zuluaga, Universidad Externado de Colombia

Las relaciones hemisféricas y su manifestación en las Cumbres de las Américas del siglo XXI: Leandro A Morgenfeld, Universidad de Buenos Aires

Las políticas de Estados Unidos hacia América Latina y el Caribe: una mirada después del restablecimiento de sus relaciones oficiales con Cuba: Luis Suárez Salazar, Instituto Superior de Relaciones Internacionales

The next U.S. president and Latin America: an analysis of possible scenarios for U.S. hemispheric relations during the next U.S. presidential administration: Alexander Main, Center for Economic and Policy Research

Los cuatro pilares de la Política Exterior de Estados Unidos en el Hemisferio Occidental: un acercamiento crítico desde el caso mexicano: Daniela C Castorena Sánchez, Universidad Nacional Autónoma de México

Discussant: Santiago Espinosa Bejerano, Centro de Investigaciones de Política Internacional

May 19, 2016

03:00:00 PM

Private Fund Conference and Report: "Public Pension Plans and Private Funds — Common Goals, Conflicting Interests" featuring CEPR's Eileen Appelbaum

Lowell Milken Institute and UCLA School of Law

UCLA School of Law, Room 1457

Public pension plans remain the most significant investors in private equity funds and hedge funds today. Historically, plan trustees have invested in these funds to boost their returns — a critical goal for the beneficiaries of these plans. Renewed attention has been focused recently on the costs and expenses incurred by public pension plans when they entrust their beneficiaries' saving with private funds.

This year's Private Fund Conference, sponsored by the Lowell Milken Institute and UCLA School of Law, will address a number of pressing issues that impact the legal obligations of both the public plans and the alternative investment firms that they retain.

May 11, 2016

11:00:00 PM - 12:00:00 AM

Book Talk: "Failed: What the ‘Experts' Got Wrong About the Global Economy"

Hosted by the Social Justice Initiative at the University of Illinois-Chicago

Pop Up Just Art Gallery (PUJA)
729 Maxwell St
Chicago, IL 60607

Wednesday, May 11, 2016 6:00 PM (CDT)

Mark Weisbrot at the Center for Economic and Policy Research (CEPR), will give a talk on his new book, Failed: What the "Experts" Got Wrong About the Global Economy. The book analyzes long-term economic failures, from the Eurozone to developing countries. It shows how political agendas are often at the root of long-term economic failures and — as in the Eurozone — can prolong financial crisis unnecessarily. A Q&A session will follow the talk.

Please RSVP here, seating is limited.

May 10, 2016

10:30:00 PM - 12:00:00 AM

Public Policy Lecture Series
Department of Public Policy and Administration
National Louis University
Chicago Campus
122 S. Michigan Ave
Chicago, Illinois 60603

May 10, 2016
5:30—7:00PM (CDT)

Why has the Eurozone ended up with an unemployment rate more than twice that of the United States more 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 more than two decades without any progress?

"Failed: What the 'Experts' Got Wrong About the Global Economy" (Oxford University Press, 2015)" 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 healthcare, 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 its lapse 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 extended 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, the 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 21st century, as well as the challenges that lie ahead.


Register here.