Guyana S Great Economic Downswing 1977 1990
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Guyana S Great Economic Downswing 1977 1990
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Author : Ramesh Gampat
language : en
Publisher: Xlibris Corporation
Release Date : 2020-10-19
Guyana S Great Economic Downswing 1977 1990 written by Ramesh Gampat and has been published by Xlibris Corporation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-19 with categories.
Much of Guyana's 20th century history was defined by the PNC dictatorship and the political and economic wreckage it left behind. In "Guyana's Great Economic Downswing, 1977 to 1990", Dr Ramesh Gampat presents a comprehensive study of these specific years when the national economy contracted by 2.7 percent annually. He explores the multiple facets of the country's political tribalism which "does not value freedom, liberty and the flourishing of all people; it values only freedom, liberty and flourishing of tribes." The study reinforces the widely held belief that until and unless these adversarial groups subsume their respective selfish interests and commit to the common cause of national peace and development, the great downswing might not rest as a historical event but could well re-emerge with further economic devastation if the lessons go unheeded. Dr Gampat makes a strong case for federalism as a solution to Guyana's ethnic politics. Federalism, he posits, would ensure that all Guyanese have equal access to opportunities and resources since a system of provincial governance would be better placed to address discriminatory policies and practices at a localised level. With the country sitting on the cusp of transformative development to be propelled by new-found oil wealth, there is an urgency to settle the divisive politics if every Guyanese is to benefit fairly and equitably from the economic boom. "Guyana's Great Economic Downswing, 1977 to 1990" offers up a studied and comprehensive analysis that should be part of that bipartisan discourse going forward. --- Ryhaan Shah, Novelist, Social Activist A few piecemeal academic articles analyzing Guyana's economic evolution over the period 1977 to 1990 were written, but they are scattered and lost away in various journals. What was missing is a comprehensive and rigorous exploration of the era of Cooperative Socialism. Dr. Ramesh Gampat's book fills this gap. It is a superb synthesis of historical, theoretical and econometric exploration of the Great Downswing. The book not only provides estimates of important macroeconomic concepts such as Guyana's total factor productivity and long-term growth, but also produces the useful statistics and reviews of poverty, inequality, life expectancy, education outcomes as well as a detailed analysis of the rice sector. As if these are not enough, Gampat sets the tone by situating the exploration in the country's long standing and debilitating ethno-political dynamics. This self-contained book will be of tremendous use to policy makers, journalists and students interested in the historical context of present-day outcomes. I highly recommend this book to public libraries and home reference libraries. ---Tarron Khemraj, William and Marie Selby Professor of Economics and International Studies, New College of Florida
Guyana S Great Economic Downswing 1977 1990
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Author : Ramesh Gampat
language : en
Publisher: Xlibris Corporation
Release Date : 2020-10-19
Guyana S Great Economic Downswing 1977 1990 written by Ramesh Gampat and has been published by Xlibris Corporation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-19 with categories.
Much of Guyana's 20th century history was defined by the PNC dictatorship and the political and economic wreckage it left behind. In "Guyana's Great Economic Downswing, 1977 to 1990", Dr Ramesh Gampat presents a comprehensive study of these specific years when the national economy contracted by 2.7 percent annually. He explores the multiple facets of the country's political tribalism which "does not value freedom, liberty and the flourishing of all people; it values only freedom, liberty and flourishing of tribes." The study reinforces the widely held belief that until and unless these adversarial groups subsume their respective selfish interests and commit to the common cause of national peace and development, the great downswing might not rest as a historical event but could well re-emerge with further economic devastation if the lessons go unheeded. Dr Gampat makes a strong case for federalism as a solution to Guyana's ethnic politics. Federalism, he posits, would ensure that all Guyanese have equal access to opportunities and resources since a system of provincial governance would be better placed to address discriminatory policies and practices at a localised level. With the country sitting on the cusp of transformative development to be propelled by new-found oil wealth, there is an urgency to settle the divisive politics if every Guyanese is to benefit fairly and equitably from the economic boom. "Guyana's Great Economic Downswing, 1977 to 1990" offers up a studied and comprehensive analysis that should be part of that bipartisan discourse going forward. --- Ryhaan Shah, Novelist, Social Activist A few piecemeal academic articles analyzing Guyana's economic evolution over the period 1977 to 1990 were written, but they are scattered and lost away in various journals. What was missing is a comprehensive and rigorous exploration of the era of Cooperative Socialism. Dr. Ramesh Gampat's book fills this gap. It is a superb synthesis of historical, theoretical and econometric exploration of the Great Downswing. The book not only provides estimates of important macroeconomic concepts such as Guyana's total factor productivity and long-term growth, but also produces the useful statistics and reviews of poverty, inequality, life expectancy, education outcomes as well as a detailed analysis of the rice sector. As if these are not enough, Gampat sets the tone by situating the exploration in the country's long standing and debilitating ethno-political dynamics. This self-contained book will be of tremendous use to policy makers, journalists and students interested in the historical context of present-day outcomes. I highly recommend this book to public libraries and home reference libraries. ---Tarron Khemraj, William and Marie Selby Professor of Economics and International Studies, New College of Florida
Domination By Region 4
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Author : Ramesh Gampat
language : en
Publisher: Xlibris Us
Release Date : 2023-03-30
Domination By Region 4 written by Ramesh Gampat and has been published by Xlibris Us this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-30 with Business & Economics categories.
This book argues that Guyana presently operates a system of domestic colonialism (DM). DM builds on institutions established during imperial colonialism, strengthened and expanded since independence in 1966, and regionalization, which balkanized the country into ten administrative regions. Regionalization is a flexible instrument that enables political and economic control, with one strengthening the other, further empowering Region 4 where the "metropole" is located, and enhancing the dependency of the nine satellite regions. Both political parties exploits regionalization when in power, the PPP principally through financial strangulation and discrimination, the PNC and its various incarnations via political control. Regionalization is the symbol of domestic colonialism. PPP-I (last six years of its previous regime, 2009 to 2014) allocated an annual average of 11.1 percent of public funds to the regions, the APNU+AFC 14.1 percent from 2015 to 2020, and PPP-II, the current PPP administration, 12.5 percent during its first two years in office. Over the fourteen-years from 2009 to 2022, the four largest agencies consumed 42.5 percent of total Central Government expenditure. Under PPP-I, these agencies spent 15 percentage points more on capital costs than they did under APNU+AFC. However, under the latter government they spent more than 10 percentage points on the amorphous category "Other Charges." These anomalies are hard to explain because there were no functional enhancements or reach of coverage by these agencies. Incredibly, the Ministry of Finance (MoF), the largest agency for all but one year, spent 46.1 percent of what the Ministry of Public Works incurred on public infrastructure for the entire country. An important avenue of political patronage is the employment of contract and temporary workers, who are hired outside of the public service legislative framework. These workers comprised half of the MoF's workforce over the fourteen-year period and the last six years of PPP-I; for the Ministry of Health, that figure is around 37.0 percent for both periods. Employment patronage rose during APNU+AFC's term of office, to 53.8 percent in the MoF and to 41.8 percent in the MoH. Employment patronage at these two big agencies was lower during PPP-I than the six years of the APNU+AFC Government. "Patronage employment" is considerably lower with the PPP-II than all previous regimes. The strategic deviation is explained by the rise of three separate categories of low- and unskilled workers, who account for 48.5 percent and 57.7 percent of workforce of the MoF and the MoH, respectively. These figures are more than 10 percentage points larger than those of all previous administrations. In effect, the PPP doles out patronage away from hiring outside of the public service legislative framework to hiring within it. Not only has the PPP "legalized" patronage, it has also increased it significantly.
Domination By Region 4
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Author : Ramesh Gampat
language : en
Publisher: Xlibris Corporation
Release Date : 2023-03-30
Domination By Region 4 written by Ramesh Gampat and has been published by Xlibris Corporation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-30 with Political Science categories.
This book argues that Guyana presently operates a system of domestic colonialism (DM). DM builds on institutions established during imperial colonialism, strengthened and expanded since independence in 1966, and regionalization, which balkanized the country into ten administrative regions. Regionalization is a flexible instrument that enables political and economic control, with one strengthening the other, further empowering Region 4 where the “metropole” is located, and enhancing the dependency of the nine satellite regions. Both political parties exploits regionalization when in power, the PPP principally through financial strangulation and discrimination, the PNC and its various incarnations via political control. Regionalization is the symbol of domestic colonialism. PPP-I (last six years of its previous regime, 2009 to 2014) allocated an annual average of 11.1 percent of public funds to the regions, the APNU+AFC 14.1 percent from 2015 to 2020, and PPP-II, the current PPP administration, 12.5 percent during its first two years in office. Over the fourteen-years from 2009 to 2022, the four largest agencies consumed 42.5 percent of total Central Government expenditure. Under PPP-I, these agencies spent 15 percentage points more on capital costs than they did under APNU+AFC. However, under the latter government they spent more than 10 percentage points on the amorphous category “Other Charges.” These anomalies are hard to explain because there were no functional enhancements or reach of coverage by these agencies. Incredibly, the Ministry of Finance (MoF), the largest agency for all but one year, spent 46.1 percent of what the Ministry of Public Works incurred on public infrastructure for the entire country. An important avenue of political patronage is the employment of contract and temporary workers, who are hired outside of the public service legislative framework. These workers comprised half of the MoF’s workforce over the fourteen-year period and the last six years of PPP-I; for the Ministry of Health, that figure is around 37.0 percent for both periods. Employment patronage rose during APNU+AFC’s term of office, to 53.8 percent in the MoF and to 41.8 percent in the MoH. Employment patronage at these two big agencies was lower during PPP-I than the six years of the APNU+AFC Government. “Patronage employment” is considerably lower with the PPP-II than all previous regimes. The strategic deviation is explained by the rise of three separate categories of low- and unskilled workers, who account for 48.5 percent and 57.7 percent of workforce of the MoF and the MoH, respectively. These figures are more than 10 percentage points larger than those of all previous administrations. In effect, the PPP doles out patronage away from hiring outside of the public service legislative framework to hiring within it. Not only has the PPP “legalized” patronage, it has also increased it significantly.
Global Waves Of Debt
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Author : M. Ayhan Kose
language : en
Publisher: World Bank Publications
Release Date : 2021-03-03
Global Waves Of Debt written by M. Ayhan Kose and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-03 with Business & Economics categories.
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
A Decade After The Global Recession
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Author : M. Ayhan Kose
language : en
Publisher: World Bank Publications
Release Date : 2021-03-19
A Decade After The Global Recession written by M. Ayhan Kose and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-19 with Business & Economics categories.
This year marks the tenth anniversary of the 2009 global recession. Most emerging market and developing economies weathered the global recession relatively well, in part by using the sizable fiscal and monetary policy ammunition accumulated during prior years of strong growth. However, their growth prospects have weakened since then, and many now have less policy space. This study provides the first comprehensive stocktaking of the past decade from the perspective of emerging market and developing economies. Many of these economies have now become more vulnerable to economic shocks. The study discusses lessons from the global recession and policy options for these economies to strengthen growth and prepare for the possibility of another global downturn.
The Canadian Who S Who
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Author :
language : en
Publisher:
Release Date : 1994
The Canadian Who S Who written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Biography categories.
Political Economy And Illegal Drugs In Colombia
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Author : Francisco E. Thoumi
language : en
Publisher: United Nations University Press
Release Date : 1995
Political Economy And Illegal Drugs In Colombia written by Francisco E. Thoumi and has been published by United Nations University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Colombia categories.
Economic Growth In The 1990s
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Author : World Bank
language : en
Publisher: World Bank Publications
Release Date : 2005
Economic Growth In The 1990s written by World Bank and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
This report was prepared by a team led by Roberto Zagha, under the general direction of Gobind Nankani.
Regulatory Cycles Revisiting The Political Economy Of Financial Crises
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Author : Jihad Dagher
language : en
Publisher: International Monetary Fund
Release Date : 2018-01-15
Regulatory Cycles Revisiting The Political Economy Of Financial Crises written by Jihad Dagher and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-15 with Business & Economics categories.
Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and limited to isolated episodes. This paper examines the political economy of financial policy during ten of the most infamous financial booms and busts since the 18th century, and presents consistent evidence of pro-cyclical regulatory policies by governments. Financial booms, and risk-taking during these episodes, were often amplified by political regulatory stimuli, credit subsidies, and an increasing light-touch approach to financial supervision. The regulatory backlash that ensues from financial crises can only be understood in the context of the deep political ramifications of these crises. Post-crisis regulations do not always survive the following boom. The interplay between politics and financial policy over these cycles deserves further attention. History suggests that politics can be the undoing of macro-prudential regulations.