Job creation and the Triple Crisis

The aftermath of the Global Financial Crisis strengthened international policy debate regarding high rates of joblessness. However prior to the crisis, a major policy commitment had emerged from the United Nations World Summit. The General Assembly;

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The Triple Crisis: Policy context

The 1987 United Nations World Commission on Environment and Development prompted a global agenda to safeguard the interests of future generations. The subsequent Brundtland Report (1987) called for a new era of economic growth, one which would be ‘forceful and at the same time socially and environmentally sustainable’.

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The philosophy of (economic) language

In Language as Symbolic Action (1966), Kenneth Burke suggests a belief system establishes its own vocabulary to present its adherents with a specific reality. Proponents of neo-liberalism, the dominant economic, social and political ideology since the 1970s, have been effective in establishing a vocabulary, particularly in relation to the conduct of fiscal policy.

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Failed policy: The IMF in crisis

Notwithstanding the nature and causes of the Global Financial Crisis (GFC), the IMF continues to espouse fundamentally flawed policy advice, as the institution seeks to maintain its relevance and legitimacy despite becoming largely redundant following the collapse of the Bretton Woods (fixed exchange rate) system in 1971.

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New Consensus Macroeconomics: Review and Critique

The New Consensus Macroeconomic (NCM) model is often described as the most successful small formal macroeconomic model to arise from the Lucas critique and econometric criticisms of the earlier approaches. Similar to earlier models, NCM characterises a

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