The panel will be part of the BISA/ISA Conference in Edinburgh, UK on June 20-22, 2012. However, we are preparing the panel to be submitted as part of the International Political Economy Group (IPEG) Cluster and the due date is on 22 August 2011. So we would like to hear from you as soon as possible to secure slot for the conference.
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Economic Crisis, Policy Choice and Paradigms of Development
Panel Convenors: Jewellord Nem Singh (Sheffield) & Dr. Pia Riggirozzi (Southampton)
Twenty years after the publication of Economic Crisis and Policy Choice, the world is looking at the debris caused by yet another financial tsunami. The global financial crisis of 2007-9 has brought developing and developed countries together as never before. However, it also seems to have reversed conventional wisdoms with regard to the locus and practice of ‘good’ economic policymaking. Thus, it has been suggested that the shifting balance of power in the world economy, puts into question - one might say once more - market-oriented development paradigms, in favour of reasserting the significance of the state for development. Increasingly, the experience of the so-called BRIC economies is put forward as evidence for this claim. But there has been little systematic attempt to assess and analyze this discourse, beyond a broad-brushed assumption that it represents a rejection of Washington Consensus policies or the marketised political economies that became the norm after the 1980s. The question now is whether 'post-neoliberalism', in its various national guises, is responding effectively to the challenges of delivering stable growth and social welfare whilst building accountable and democratic forms of governance. The papers in this panel explore accounts of this emerging ‘new’ orthodoxy, both with regard to its impact on democratic principles and as a model of development alternative to neoliberalism.
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