Aftermath: A New Global Economic Order?

Chapter 21. The Spectacle and the Libertine

Index 293 Kyrgyzstan, 228 Lipietz, Alain, 228 Moldova, 228 Tajikstan, 228 Centralization, in Russian history, 231–232 Russia: centralization in history of, 231–232; democratization in, 233 Soviet Union: democratization in, 233 Humphrey-Hawkins Full Employment and Balanced Growth Act, 235 Crisis(es): policy questions from, 235–236 Policies: current crisis and questions for, 235–236 Policy analysis, 235–236 Bernanke, Ben, 236 Bush, George W., 236 Chicago Doctrine, 236 Clinton, Bill, 236 Reagan, Ronald, 236 “Market discipline,” 236–237 September 11, 236–237 Gilleran, James, 237 Money laundering, securitization as, 237 Mortgage-backed securities, 237 Mortgages: as counterfeits, 237 Neutron loans, 237 NINJA loans, 237 Office of Thrift Supervision, 237 Ratings agencies, 237 Securitization, as money laundering, 237 Crime, current crisis as, 237–238 Crisis(es): as crime, 237–238 Goldman Sachs, 238 Lehman Brothers, 238 Troubled Asset Relief Program (TARP), 238–239 Bernanke, Ben, 239 Ferguson, Thomas, 239 Geithner, Timothy, 239 Obama, Barack, 239 Scott, Peter Dale, 239 Social psychology, 239 Sociology, 239 Wedel, James, 239 Akerlof, George, 240 Godley, Wynne, 240 Keynes, John Maynard, 240 Minsky, Hyman, 240 Rajan, Raghuram, 240 “Fixation of Belief, The” (Peirce), 240–241 Peirce, Charles Sanders, 240–241 Stiglitz, Joseph, 243n1 Mutual funds, 244n4 Pension funds, 244n4 Credit-default swaps: values of, 245n10 Subsidies: prohibition on, 249n21 World Trade Organization (WTO): subsidies and, 249n21 New Deal, 250n1 Roosevelt, Franklin D., 250n1 World Trade Organization (WTO): as currency regulator, 250n22 World Bank: World Development Report 1978, 251n5 294 World Development Report 1978 (World Bank), 251n5 Entrepreneurial rent, 252n16 Rents, 252n16 Schumpeterian rents, 252n16 International Monetary Fund (IMF): pre-crisis optimism of, 252n22 Economic Outlook (OECD), 253n22 Organization for Economic Cooperation and Development (OECD), 253n22 Kato, Takatoshi, 254n27 Exchange rate: as subsidy, 256n12; as tariff, 256n12 Subsidies: exchange rates as, 256n12 Smoot-Hawley tariff, 257n12 Foreign-direct investment (FDI): growth and, 259n34 Growth: foreign direct investment and, 259n34 Democratization costs, 261n55 Law, rule of, democratization and, 261n55 Rule of law, democratization and, 261n55 Stiglitz, Joseph, 265n11 Belarus, 266n23 Slovakia, 266n28 Calhoun, Craig, 271 Chang, Ha-Joon, 271 Derluguian, Georgi, 271 Dutkiewicz, Piotr, 272 Galbraith, James K., 272 Gorzelak, Grzegorz, 272 Habiyaremye, Alexis, 272 Sundaram, Jomo Kwame, 272 Montes, Manuel, 272–273 Popov, Vladimir, 273 Rodrigues, Felice Noelle, 273 Rodrik, Dani, 273 Sassen, Saskia, 273 Soete, Luc, 273 Wong, R. Bin, 274 Blacks. See African Americans United Nations Conference on Monetary and Financial Affairs. See Bretton Woods CEPR. See Center for Economic and Policy Research (CEPR) CEE. See Central and eastern European (CEE) countries Belarus. See also Central and eastern European (CEE) countries Bulgaria. See also Central and eastern European (CEE) countries Czech Republic. See also Central and eastern European (CEE) countries Estonia. See also Central and eastern European (CEE) countries European Union. See also Central and eastern European (CEE) countries Hungary. See also Central and eastern European (CEE) countries Latvia. See also Central and eastern European (CEE) countries Index 295 Lithuania. See also Central and eastern European (CEE) countries Poland. See also Central and eastern European (CEE) countries Romania. See also Central and eastern European (CEE) countries Slovakia. See also Central and eastern European (CEE) countries Slovenia. See also Central and eastern European (CEE) countries Ukraine. See also Central and eastern European (CEE) countries CCC. See Citizens Conservation Corps (CCC) CDOs. See Collateralized debt obligations (CDOs) DRC. See Democratic Republic of Congo (DRC) Global South. See also Developing countries Growth. See also Development ECOSOC. See Economic and Social Council (ECOSOC) EKC. See Environmental Kuznets Curve (EKC) FDI. See Foreign-direct investment (FDI) FER. See Foreign exchange reserves (FER) GATT. See General Agreement on Trade and Tariffs (GATT) GECC. See Global Economic Coordinating Council (GECC) GEC. See Global Economic Council (GEC) Developing countries. See also Global South Development. See also Growth IPRs. See Intellectual property rights (IPRs) IBRD. See International Bank for Reconstruction and Development (IBRD) ICU. See International Clearing Union (ICU) IIPA. See International Intellectual Property Alliance (IIPA) ILO. See International Labour Organization (ILO) IMFC. See International Monetary and Financial Committee (IMFC) IMF. See International Monetary Fund (IMF) ITO. See International Trade Organization (ITO) NIEO. See New International Economic Order (NIEO) NAFTA. See North American Free Trade Agreement (NAFTA) ODA. See Official development assistance (ODA) OECD. See Organization for Economic Cooperation and Development (OECD) 296 R&D. See Research and development (R&D) Soviet Union. See also Russia USSR. See Soviet Union Russia. See also Soviet Union SBAs. See Stand-by agreements (SBAs) SOEs. See State...