Author: Sanjay G Reddy

Professor of Economics at the New School for Social Research; sanjayreddy.org

The BRICS and a Changing World

Sanjay G ReddyLeave a comment

This July and August, I led an international group of experts in preparing an Economic Report on the role of the BRICS countries (Brazil, China, India, Russia and South Africa) in the world economy and international development. 聽The was commissioned as an input to the that took place in early September 2017 in Xiamen, China.

It surveys the BRICS countries鈥� sizable contribution to global growth, trade and investment, evaluates the prospects for this to continue in the future, and explores the possible role that these countries can play in bolstering the global economy, in reshaping international economic arrangements and in contributing to the and to international development generally. An important conclusion in the report is that continued BRICS growth as well as policy initiatives can substantially benefit other developing countries (the report uses the IMF category of Emerging Market and Developing Countries, or EMDCs) 鈥� and developed countries too. 聽I will 聽be pleased if the report will be circulated widely, and welcome all reactions.Read More »

An Economic Strategy for The Gambia?

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I was聽privileged recently to spend a little time in The Gambia, whose people recently overthrew a megalomaniacal, authoritarian and in many respects vicious President, Yahyeh Jammeh, in an extraordinary democratic moment, due to their courage and the timely supportive action of other countries in West Africa (and very little if at all due to support from major powers, apart from their role in placing some effective limits on prior abuses and eventually supporting a Security Council resolution that helped to legitimize the ECOWAS action).

I was able to observe a moving event in which members of the country鈥檚 diaspora, from Alaska to Taiwan and from Cape Verde to Sweden, most of whom were active in opposition (and quite a number of whom were highly educated professionals successful in the countries to which they have departed) assembled to meet the new President and to express their pleasure at the New Gambia as well as their sincere hopes for the future. Conversations with ordinary Gambians reveal general relief and enormous optimism. Arguably, the current juncture provides the first opportunity since the country鈥檚 independence in 1965 for a broad ranging public conversation on the ends and means of development.Read More »