ECONOMICS OF DEVELOPMENT
A Better Globalization
Kemal Derviş
Why do some countries grow faster than others? Can Turkey's model of fast and sustained growth be transplanted to the Arab World? What role can macroeconomic management play in helping to resolve economic crises? How - and how much - should the United States and other powers seek to promote stability and growth in volatile regions like South Asia, Central Africa, and the Middle East?
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The Global Future of Europe’s Crisis
Kemal Derviş Series: A Better Globalization 2012-02-14The stock of financial assets worldwide has grown so large, relative to national income flows, that financial-market movements can overwhelm most countries. Indeed, the European crisis is a mere foretaste of the central political debate of the first half of the twenty-first century: how to resolve the tension between global markets and national politics.... read Comments: 2 Recommended: 1 Read: 15716
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Global Imbalances and Domestic Inequality
Kemal Derviş Series: A Better Globalization 2012-01-10
Despite years of official talk about addressing global current-account imbalances, they remained one of the world’s main economic concerns in 2011. Indeed, some are increasing again, alongside inequality in many countries – a link that is no accident.... read Comments: 2 Recommended: 0 Read: 15031
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The Economic Imperatives of the Arab Spring
Kemal Derviş Series: 2011 Year End Series 2011-12-19While the yearning for dignity, freedom of expression, and real democratic participation was the driving force underlying the Arab revolutions of 2011, economic discontent played a vital role, and economic factors will help to determine how the transition in the Arab world unfolds. Three fundamental and longer-term challenges are worth bearing in mind.... read Comments: 1 Recommended: 0 Read: 2724
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Small Economies, Big Problems, and Global Interdependence
Kemal Derviş Series: The New Global Economy 2011-07-18
At least on paper, Greece should not be a systemically important economy. Yet there are several reasons why the Greek crisis is having substantial spillover effects – and Greece is not alone in this respect among small economies.... read Comments: 0 Recommended: 0 Read: 18313
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One Crisis, One World
Kemal Derviş and Juan Somavia Series: Frontiers of Growth 2009-01-12Any crisis is also an opportunity. The current economic crisis has demonstrated that the destinies of countries around the world are linked, which means that policy coordination and a global strategy that instills confidence and creates hope will bring a quicker and stronger recovery to us all.... read Comments: 0 Recommended: 0 Read: 14662
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Reform the UN Security Council
Kemal Derviş Series: The World in Words 2004-07-13Human progress can be measured by the fact that we are living in a century where unilateral military operations based on power alone are intolerable. But the spread of the ideology of peace does not mean that threats to security have disappeared. At times, preventive action may be necessary. Many lives would have been saved in Africa, for example, if the international community could have acted decisively and quickly. The events in Iraq also have demonstrated that the key issue for world security is really the relationship of the big powers to the UN Security Council. ... read Comments: 0 Recommended: 0 Read: 16959
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The "Challenge" of Turkey
Kemal Derviş Series: The World in Words 2003-11-22Samuel Huntington did alert us to the danger. In his now famous thesis on the "Clash of Civilizations" he gave Turkey as an example of a " torn country," one divided internally, according to him, between East and West, a country neither in Europe nor in the Middle East, with a fault line running within rather than at the border. ... read Comments: 0 Recommended: 0 Read: 12084
