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Economic and financial crises have become perennial features of today’s global economy. Macroeconomic theories of crisis, including the global crisis that unfolded in 2008, emphasize the role of financial deregulation; capital flow imbalances; and growing debt, fueled by income and wealth inequality. These approaches tend to be divorced from feminist thinking which analyzes broader distributional dynamics transmitted through structural channels and government policy responses, with an emphasis on gender, race, class and ethnicity. This volume brings together innovative thinking from heterodox macroeconomists and feminist economists to explore the causes, consequences, and ramifications of economic crises. By doing so, it highlights aspects of the economy that are frequently overlooked or ignored, such as the impact of crises on the vast amount of unpaid work which women perform relative to men. The collection of international studies assembled here takes an innovative approach to analyzing a range of issues, from the subprime mortgage crisis to the gendered effects of austerity to the role of the International Monetary Fund in governing an unstable global economy. In so doing, it looks beyond causes and consequences and points to new directions for macroeconomic and financial policy. This book was originally published as a special issue of Feminist Economics.
In Economic Recovery for Canada, economists John Cornwall and Wendy Maclean argue that monetarists arrived at an incorrect explanation of inflation--and its cure--by adopting outdated assumptions from neoclassical economics. Against the background of the economic recession of the early 1980s, the authors propose a four-part framework for recovery to rival the monetarist policy of deregulation and spending cuts: a tax-based incomes policy to control inflation; stimulation of the economy to achieve full employment; innovative investment in industry; and Japanese-style management reforms to enhance productivity. Economic Recovery in Canada is an incisive contribution to the vital economic debates of a crucial period in Canadian history.
Canada’s political structure runs contrary to North America’s economic geography and the north-south economic pull. Canada imported political and administrative institutions designed for a unitary state, and its political leaders have struggled to make them work since the country was founded. Because of this, many Canadians, their communities, and their regions view themselves as victims, to a greater degree than groups in other Western democracies do. Our federal government has shown a greater willingness to apologize for historical wrongs than other Western countries. Canada also outperforms other nations in helping victims make the transition to full participants in the country’s political and economic life. Donald Savoie maintains that Canada continues to thrive despite the many shortcomings in its national political institutions and the tendency of Canadians to see themselves as victims, and that our history and these shortcomings have taught us the art of compromise. Canada’s constitution and its political institutions amplify rather than attenuate victimization; however, they have also enabled Canadians to manage the issue better than other countries. Canadians also recognize that the alternative to Canada is worse, and this more than anything else continues to strengthen national unity. Drawing on his extensive experience in academe and as an advisor to governments, Savoie provides new insights into how Canada works for Canadians.

Canada

International Monetary Fund. Western Hemisphere Dept.

Published: 2014-02-03

Total Pages: 70


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This 2013 Article IV Consultation highlights that the Canadian economy strengthened in 2013 after a subdued performance in 2012, but the underlying growth has remained modest. Despite the depreciating exchange rate, non-energy exports remained well below the levels reached after earlier recessions. The housing market has cooled, owing in part to macro-prudential measures adopted in the past. Economic growth is expected to accelerate to 21⁄4 percent in 2014, up from an estimated 13⁄4 percent in 2013. Canada’s export growth should benefit from the projected pick-up in U.S. growth in 2014, boosting business investment.
An updated classic on Canada's Great Depression with insights for the current global financial crisis
In 1942, the Canadian government forced more than 21,000 Japanese Canadians from their homes in British Columbia. They were told to bring only one suitcase each and officials vowed to protect the rest. Instead, Japanese Canadians were dispossessed, all their belongings either stolen or sold. The definitive statement of a major national research partnership, Landscapes of Injustice reinterprets the internment of Japanese Canadians by focusing on the deliberate and permanent destruction of home through the act of dispossession. All forms of property were taken. Families lost heirlooms and everyday possessions. They lost decades of investment and labour. They lost opportunities, neighbourhoods, and communities; they lost retirements, livelihoods, and educations. When Japanese Canadians were finally released from internment in 1949, they had no homes to return to. Asking why and how these events came to pass and charting Japanese Canadians' diverse responses, this book details the implications and legacies of injustice perpetrated under the cover of national security. In Landscapes of Injustice the diverse descendants of dispossession work together to understand what happened. They find that dispossession is not a chapter that closes or a period that neatly ends. It leaves enduring legacies of benefit and harm, shame and silence, and resilience and activism.
This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.