Indian economist and IMF mission chief to Ireland
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His earlier episodes on this show have been huge hits, and as he completes a trilogy of books, he returns to complete a trilogy of episodes. Amitava Kumar joins Amit Varma in episode 408 of The Seen and the Unseen to talk about writing, noticing, painting, travelling, trees, and unfulfilled train journeys. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out 1. Amitava Kumar on Instagram, Substack, Twitter, Amazon, Vassar, Granta and his own website. 2. The Green Book: An Observer's Notebook -- Amitava Kumar. 3. Amitava Kumar Finds the Breath of Life — Episode 265 of The Seen and the Unseen. 4. Amitava Kumar Finds His Kashmiri Rain -- Episode 364 of The Seen and the Unseen. 5. The Blue Book: A Writer's Journal — Amitava Kumar. 6. The Yellow Book: A Traveller's Diary — Amitava Kumar. 7. My Beloved Life: A Novel -- Amitava Kumar. 8. A Million Mutinies Now -- VS Naipaul. 9. The Trees — Philip Larkin. 10. Before the Storm -- Amitava Kumar. 11. Wanderers, Kings, Merchants: The Story of India through Its Languages — Peggy Mohan. 12. Understanding India Through Its Languages — Episode 232 of The Seen and the Unseen (w Peggy Mohan). 13. A Suitable Boy -- Vikram Seth. 14. Caste, Capitalism and Chandra Bhan Prasad — Episode 296 of The Seen and the Unseen. 15. ‘Indian languages carry the legacy of caste' — Chandra Bhan Prasad interviewed by Sheela Bhatt. 16. The Refreshing Audacity of Vinay Singhal — Episode 291 of The Seen and the Unseen. 17. Stage.in. 18. Laapataa Ladies -- Kiran Rao. 19. Kanthapura -- Raja Rao. 20. All About H Hatterr -- GV Desani. 21. From Phansi Yard: My Year with the Women of Yerawada -- Sudha Bharadwaj. 22. India is Broken -- Ashoka Mody. 23. Being Mortal -- Atul Gawande. 24. Earwitness to Place -- Bernie Krause interviewed by Erin Robinsong. 25. All That Breathes -- Shaunak Sen. 26. Frog: 1 Poetry: 0 -- Amitava Kumar. 27. The Heat Will Kill You First -- Jeff Goodell. 28. Danish Husain and the Multiverse of Culture — Episode 359 of The Seen and the Unseen. 29. The Artist's Way -- Julia Cameron. 30. An excerpt from Wittgenstein's diary — Parul Sehgal on Twitter. 31. Tractatus Logico-Philosophicus — Ludwig Wittgenstein. 32. Burdock -- Janet Malcolm. 33. Hermit in Paris — Italo Calvino. 34. Objects From Our Past -- Episode 77 of Everything is Everything. 35. The Wisden Book of Test Cricket (1877-1977) — Compiled & edited by Bill Frindall. 36. Gita Press and the Making of Hindu India — Akshaya Mukul. 37. The Gita Press and Hindu Nationalism — Episode 139 of The Seen and the Unseen (w Akshaya Mukul). 38. The Ferment of Our Founders — Episode 272 of The Seen and the Unseen (w Shruti Kapila). 39. Private Truths, Public Lies — Timur Kuran. 40. The Incredible Insights of Timur Kuran — Episode 349 of The Seen and the Unseen. 41. Bhavni Bhavai -- Ketan Mehta. 42. All We Imagine as Light -- Payal Kapadia. 43. Secondhand Time -- Svetlana Alexievich. 44. Amitava Kumar's post with Danish Husain's postcard. 45. Fire Weather -- John Vaillant. 46. Ill Nature -- Joy Williams. 47. Hawk -- Joy Williams. This episode is sponsored by Rang De, a platform that enables individuals to invest in farmers, rural entrepreneurs and artisans. Amit Varma and Ajay Shah have launched a new course called Life Lessons, which aims to be a launchpad towards learning essential life skills all of you need. For more details, and to sign up, click here. Amit and Ajay also bring out a weekly YouTube show, Everything is Everything. Have you watched it yet? You must! And have you read Amit's newsletter? Subscribe right away to The India Uncut Newsletter! It's free! Also check out Amit's online course, The Art of Clear Writing. Episode art: ‘Gulmohar' by Simahina.
This is a free preview of a paid episode. To hear more, visit www.americanprestigepod.comDerek welcomes back to the program Ashoka Mody, Charles and Marie Robertson Visiting Professor in International Economic Policy at the Princeton School of Public and International Affairs, to talk about this week's election in India. They discuss the issues facing voters, Modi's presidential victory, his Bharatiya Janata Party's (BJP) surprise loss of i…
Ravi dives into the news of the day, from the aftermath of the Trump verdict and Biden's asylum ban at the US-Mexico border to what Mexico's recent elections say about the rise of authoritarianism in the country. He then gives an update on Amanda Knox's latest legal challenge and explains why more people should care about the lack of air conditioning in U.S. prisons. Finally, Prime Minister Narendra Modi will keep power for a third term after India's election results were released this week. Ravi welcomes Princeton professor and India policy expert Ashoka Mody to the pod to dissect the results and explore how the country's challenges with unemployment, the economy, and a broken judicial system impacted the election. They then discuss the disconnect between the Western hype over India's progress and the reality on the ground, why India must address systemic issues like corruption and environmental degradation, and what Modi's complicated win and impending third term says about the state of the world's largest democracy. Leave us a voicemail with your thoughts on the show! 321-200-0570 Subscribe to our feed on Spotify: http://bitly.ws/zC9K Subscribe to our Substack: https://thelostdebate.substack.com/ Follow The Branch on Instagram: https://www.instagram.com/thebranchmedia/ Follow The Branch on TikTok: https://www.tiktok.com/@thebranchmedia Follow The Branch on Twitter: https://twitter.com/thebranchmedia The Branch website: http://thebranchmedia.org/ The Branch channel: https://podcasts.apple.com/us/channel/the-branch/id6483055204 Lost Debate is also available on the following platforms: Apple: https://podcasts.apple.com/us/podcast/the-lost-debate/id1591300785 Google: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vTERJNTc1ODE3Mzk3Nw iHeart: https://www.iheart.com/podcast/269-the-lost-debate-88330217/ Amazon Music: https://music.amazon.co.uk/podcasts/752ca262-2801-466d-9654-2024de72bd1f/the-lost-debate
In Episode 20 of Business Diplomacy Today, host Matthias Catón is joined by Ashoka Mody, Charles and Marie Robertson Visiting Professor in International Economic Policy at the Princeton School of Public and International Affairs, Princeton University and author of “India is Broken: A People Betrayed, Independence to Today”. Matthias and Ashoka delve into how the ... Read more
This week on the show Gavin spoke to Ashoka Mody, Indian economist and chief IMF representative to Ireland during bailout who gives his thoughts on Ireland's current economic standing.
The country is establishing itself on the global investment map. In this Exchange podcast, author and ex-IMF director Ashoka Mody talks about why executives should look at India's underemployment problem instead of focusing on its 7% GDP growth as they size-up the opportunity. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices
Ashoka Mody is an Indian-born economist and a visiting professor in international economic policy and lecturer in public and international affairs at the Princeton School of Public and International Affairs. Mody contends that successive post-independence leaders, starting with its first Prime Minister, Jawaharlal Nehru, failed to confront India's true economic problems, seeking easy solutions instead. As a popular frustration grew, and corruption in politics became pervasive, India's economic growth relied increasingly on unregulated finance and environmentally destructive construction.
Danny and Derek welcome to the program Ashoka Mody, Charles and Marie Robertson Visiting Professor in International Economic Policy at the Princeton School of Public and International Affairs, to discuss what he sees as democratic and economic breakdowns in India rooted in its post-independence period. They discuss the tenure of Jawaharlal Nehru, people left behind by post-independence industrialization, parallels with postwar Japan, American investment in the subcontinent, Indira Gandhi, Rajiv Gandhi, the rise of modern Hindu nationalism, and more. Check out Dr. Mody's book India Is Broken: A People Betrayed, Independence to Today. Also check out his recent op-eds in Business Standard and Project Syndicate. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.americanprestigepod.com/subscribe
Ashoka Mody is a Professor in International Economic Policy at Princeton. He is the author of the book India is Broken: A People Betrayed, Independence to Today. Get full access to What Happens Next in 6 Minutes with Larry Bernstein at www.whathappensnextin6minutes.com/subscribe
India Is Broken: A People Betrayed, Independence to Today is a big new book on India by the economist Ashoka Mody. Mody is an economic historian at Princeton's School of Public and International Affairs and a longtime official at the World Bank and the International Monetary Fund.His new book provides readers with an unvarnished look at India's twin economic and political failures over the past 75 years. Challenging the conventional wisdom, Mody argues that India's post-independence leaders—from Jawaharlal Nehru all the way to Narendra Modi—have failed to confront India's true economic problems, seeking easy solutions instead. As a popular frustration grew, India's democracy suffered, leading to an upsurge in nationalism, violence, and corruption.Mody joins Milan on the podcast this week to talk more about his book. The two discuss Mody's controversial thesis, the inadequacy of GDP as a metric of economic development, and the parallels between pre-Partition India and India of the president. Plus, the two talk about Mody's solutions for addressing India's twin economic and political challenges. Notes:Ashoka Mody, “India's Boom Is a Dangerous Myth,” Project Syndicate, March 29, 2023. Ashoka Mody, “India's Broken State,” Project Syndicate, February 20, 2023. Milan Vaishnav, When Crime Pays: Money and Muscle in Indian Politics (New Haven: Yale University Press, 2017).
This is an episode for those who want to hear an alternative view of the world's largest country. McKinsey has said we are living in the “Indian Century”. Morgan Stanley believes 20 percent of global growth in the next decade will come from India. Our guest today, Princeton economist Ashoka Mody, has a different view, which he details in his new book: “India Is Broken”. He argues that there are two Indias, a successful, highly skilled and educated elite and a billion-plus population that remains very poor. Mody believes that this dangerous equilibrium is maintained by a close link between the government, big business and, in some cases, organized crime. This association produces projects that attract capital and headlines but leaves an employment deficit of over 100 million jobs.----------EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Kevin on SubStack.Follow Ashoka on Twitter & read his book.Episode TimeStamps: 04:14 - Introduction to Ashoka Mody 10:19 - The development path of East Asia 14:41 - The path that India did not take 19:32 - The path they did take 23:37 - Different versions of India 30:37 - What is Hindutva? 34:09 - The Guljurat model of development 39:34 - A corrupted government 46:17 - Finding the accurate data...
Our mad media, the EU's corona crisis, and Joe ‘you ain't black' Biden. Tom Slater, Ella Whelan, Fraser Myers, and special guest Ashoka Mody, discuss. Support the show: https://www.spiked-online.com/donate-to-spiked/
Guest speakers include Ofer Levy, Madeleine Grynsztein, Angela Duckworth, Dr. Steve Fallek, Scott Galloway, Dr. Daniel Berger, Stuart Buck, Ashoka Mody, Bob Maricich, Tim Schoen, and Steve Greenbaum.
As the COVID-19 pandemic began to seize the globe in late March PAW revisited a podcast conversation from 2019 with Ashoka Mody, a visiting professor in international economic policy. In his book, EuroTragedy, Mody detailed the fragility of the European single currency. Now, amid global economic distress, he weighs on what the coming months will entail.
Ashoka Mody is a professor of international economic policy at Princeton University, has formerly worked at the IMF and the World Bank, and is a returning guest to Macro Musings. In this episode, he joins David to discuss the global economic implications of COVID-19 and what it specifically means for Europe and the Eurozone. Transcript for the episode: https://www.mercatus.org/bridge/tags/macro-musings Ashoka’s Twitter: @AshokaMody Ashoka’s Princeton profile: https://scholar.princeton.edu/amody/home Related Links: Cover of Ashoka's new paperback book: https://i.imgur.com/1IYWBAk.jpg Bonus segment with Ashoka Mody: https://www.youtube.com/watch?v=QZsAetHdzjA&feature=youtu.be *Charting the Crisis* by Ashoka Mody http://econbrowser.com/archives/2020/03/guest-contribution-charting-this-crisis *Euro Tragedy: A Drama in Nine Acts* by Ashoka Mody https://global.oup.com/academic/product/eurotragedy-9780199351381?cc=us&lang=en& *Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870-2008* by Alan Taylor and Moritz Schularick https://www.aeaweb.org/articles?id=10.1257/aer.102.2.1029 *European Monetary Unification* by Barry Eichengreen https://www.jstor.org/stable/2728243?seq=1 *Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu* by Sergio Correia, Stephan Luck, and Emil Verner https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3561560 David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth
TESTO DELL'ARTICOLO ➜http://www.bastabugie.it/it/articoli.php?id=6042LA LEZIONE DEL CORONAVIRUS IN ITALIA di Antonio SocciLa crisi del coronavirus è un emblema perfetto della fase storica che viviamo dal crollo del Muro di Berlino. Tutti i nodi stanno venendo al pettine.Per anni è stata esaltata la globalizzazione, l'interdipendenza e la fine delle frontiere. Si è spezzata la catena della produzione facendo della Cina la fabbrica del mondo: così ci siamo de-industrializzati e siamo diventati dipendenti da una mostruosa tirannia comunista, che è ormai la prima economia del mondo. E proprio la Cina ha esportato dappertutto il virus.Molti virus vengono da là e ovviamente - essendo la Cina il centro economico del pianeta - questo virus ha volato, sulle ali dell'economia, nelle zone più interconnesse con quel Paese. Infatti come è arrivato in Europa? Lo ha spiegato un articolo di Riccardo Luna, ieri, su Repubblica: attraverso la Germania ("il virus arriva in Italia dalla Baviera").Eppure a passare per l'untore del mondo è stata l'Italia, mentre i tedeschi fanno i pesci in barile. Emblematica questa "fregatura" dell'Italia. In fondo cosa è accaduto alla nostra economia negli ultimi 30 anni? Nei primi anni Novanta eravamo la quarta potenza industriale del mondo:dal '91 al '99 la produzione industriale italiana è cresciuta del 13 per cento e quella tedesca solo del 3.Poi arriva l'euro e dal 2000 al 2018 quella italiana è precipitata del 17 per cento, mentre quella tedesca è cresciuta del 27 per cento. Così ci hanno accusato di essere il malato d'Europa imponendoci tagli e peggiorando la crisi. Ma la nostra malattia è l'Euro (che ci fu presentato come una medicina).TORNIAMO AL CORONAVIRUSCosa è successo in Italia? Si è individuato il focolaio prima di tutti gli altri e con maggiore efficienza grazie - come sempre - al genio italiano.Come rivela l'intervista che ieri "Repubblica" ha fatto ad Annalisa Malara. È questa anestesista di Codogno che, a proposito del famoso paziente uno di Codogno, ha intuito acutamente che c'era il virus. Lo ha capito grazie ad un'ottima formazione medica e lo ha scoperto malgrado "i protocolli italiani" che "non giustificavano" il tampone a quel paziente (è stata autorizzata, ma se "me ne assumevo la responsabilità").Quindi non solo è stato assurdo dire - come ha fatto Conte - che "una gestione non del tutto propria secondo i protocolli in ospedale ha contribuito alla diffusione del virus", ma è vero il contrario: si è scongiurata un'epidemia molto più virulenta proprio perché medici molto in gamba hanno compreso che occorreva andare oltre quei protocolli. In questo episodio c'è tutto il caso italiano: il genio della nostra gente e la pochezza dell'élite.Un altro fatto emblematico. Perché la prospettiva è cupa? Perché - com'è noto - avremo bisogno di molti posti in terapia intensiva e già ora mancano. La Lombardia sta facendo da scudo all'Italia intera e riesce a farlo perché è la sanità migliore, ma la situazione in Italia è da tempo drammatica.Negli ultimi otto anni i governi succubi della Ue hanno fatto tagli alla Sanità per 130 miliardi, mettendola in forte stress. E oggi davanti al coronavirus ci troviamo ad arrancare.Dovremmo riflettere seriamente sui tagli fatti per inseguire i famosi parametri europei, penalizzando la Sanità che oggi tiene botta solo grazie al lavoro eroico di medici e infermieri. Anche questa vicenda è figlia di questo tempo disgraziato.Dovremmo capire finalmente che la salute, il lavoro e il benessere vengono prima degli ottusi, insensati e devastanti parametri di Maastricht. E dovremmo agire di conseguenza per affrontare l'impatto economico catastrofico del coronavirus.SUDDITANZA CIECAInvece continuiamo a subire l'incapacità di questo governo di uscire dai diktat della Ue. Conte infatti ha annunciato che, per affrontare l'epidemia, andrà col cappello in mano a Bruxelles a chiedere (ai tedeschi) di poter spendere 4 o 5 miliardi di soldi nostri.Primo: 4 o 5 miliardi sono nulla rispetto a quello che dovremmo mettere in campo. Secondo: non siamo più un paese indipendente, abbiamo perso totalmente la nostra sovranità e non possiamo neanche più affrontare una grave epidemia senza chiedere il permesso alla Ue.Viene da chiedersi: prima della vita dei nostri cittadini viene l'obbedienza alla Ue?Questa è la metafora perfetta degli ultimi 25 anni in cui ci siamo consegnati alla Ue, ovvero alla Germania, come colonia, rinunciando alla nostra indipendenza, alla nostra moneta e al nostro benessere. Questo ventennio ha portato al collasso la nostra economia e la crisi del coronavirus sarà il colpo di grazia. Ancora una volta: grazie Europa, anzi grazie europeismo nostrano.In Europa non hanno ancora capito le dimensioni drammatiche di questa epidemia e forse capiranno solo quando e se esploderà pure da loro. Per l'Italia non si scomodano, se non con una ridicola e inutile "flessibilità" sul deficit dello 0,2 per cento. Un nulla.Ma questa crisi potrebbe far saltare la stessa Ue. Anzi, un autorevole economista, Ashoka Mody, ha scritto in questi giorni che la concomitanza della crisi italiana con quella cinese potrebbe innescare una crisi globale catastrofica.Fra l'altro Mody scrive: "In due decenni, da quando l'Italia ha adottato l'euro, gli italiani sono diventati più poveri. L'economia del paese permane in una recessione economica quasi perpetua".Adesso dobbiamo capirlo. Se non ora quando? Titolo originale: Ora tutti i nodi vengono al pettine. Per es. aver tagliato in 8 anni 130 miliardi alla sanità. E' più importante la vita degli italiani o la sottomissione ai parametri di Maastricht?Fonte: Libero, 7 marzo 2020Pubblicato su BastaBugie n. 655
As China and the US battle for global supremacy, the EU seems to remain in the shadows. But what if the EU had been shaping the world economy all along without anybody noticing? Could its soft power be strong enough to shape regulations all over the world? What impact does such influence have over its own economy? This week, Giuseppe Porcaro and Guntram Wolff are joined live by Ashoka Mody, Professor in International Economic Policy at the Princeton University, and Anu Bradford, author of the book "The Brussels Effect: How the European Union rules the world".
Forget Brexit. Growth in the eurozone is slowing down, but not equally for all countries. Which leaves the continent with the same question it's had for a decade: is it capable of making policy flexible enough for all of its economies? Waltraud Schelkle of the London School of Economics argues that Europe's currencies always swung with the deutschmark, so the European Central Bank offers some level of control. Ashoka Mody of Princeton says the euro will never be flexible enough to let countries like Italy make adjustments. See acast.com/privacy for privacy and opt-out information.
The prize-winning Indian economist Ashoka Mody explains why the EU is facing long-term economic decline, and why the economic costs of Brexit have been greatly overstated
Visiting professor Ashoka Mody is the author of EuroTragedy: A Drama in Nine Acts, which unpacks the history and political motivations behind the European Union’s decision to employ a common currency, the euro. In a conversation with PAWcast’s Carrie Compton, Mody discusses the currency’s inherent flaws and its uncertain future — a topic that’s made headlines in recent days.
Ashoka Mody is a professor of international economic policy at Princeton University and formerly worked at the IMF and the World Bank. He joins the show today to discuss his new book, *EuroTragedy: A Drama in Nine Acts*. David and Ashoka also delve deep into the history of the Euro, as they discuss its complicated political origins and why its creation may have been a mistake. Ashoka’s Twitter: @AshokaMody Ashoka’s Princeton profile: https://scholar.princeton.edu/amody/home Related Links: *EuroTragedy: A Drama in Nine Acts* by Ashoka Mody https://global.oup.com/academic/product/eurotragedy-9780199351381?cc=us&lang=en& *EMU and International Conflict* by Martin Feldstein https://www.foreignaffairs.com/articles/europe/1997-11-01/emu-and-international-conflict David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth
At this event Ashoka Mody, Visiting Professor, International Economic Policy, Princeton University, presented his new book: Euro tragedy: a drama in nine acts. Blending economic analysis with political drama, the book argues that the push for a common currency – the euro – has undermined the entire political project. It explores how missteps in Economic Policy have led to the impasse in Europe today and offers insights into the roots of Europe’s current disorder, especially distrust of the political systems and elites that seem increasingly undemocratic to the European masses.
Bruegel director Guntram Wolff and Ashoka Mody – visiting professor in international economic policy at Princeton University – explore subjects addressed in the latter's latest book, Euro tragedy: a drama in nine acts. Kicking off this Director's Cut of the 'The Sound of Economics', the two explore the historical development behind the EU's creation. Ashoka Mody argues that the adoption of the euro as a single currency has exacerbated economic divergences between EU Member States as some do not have the institutional maturity or capabilities to fully adopt monetary policy measures. Guntram Wolff points out that in the view of Helmut Kohl, the adoption of the euro was a means to further reunite the continent and support peace-building. They also discuss the role of social democracy in the drama on the future of Europe. The conversation from this episode explores the development of the EU from its early history until its present-day situation. Member States' commitments to the European project from a political and economic point of view are touched upon, with a particular focus on Germany's role within the whole debate. For a more in-depth discussion on the subject, be sure to play back the full recording of the [Bruegel event](http://bruegel.org/events/euro-tragedy-a-drama-in-nine-acts/) chaired by Maria Demertzis and featuring Ashoka Mody and Guntram Wolff.
For decades the implementation of a single European currency was seen by its advocates as a vital step in the post-World War II movement toward greater European integration. As Ashoka Mody details in Eurotragedy: A Drama in Nine Acts (Oxford University Press, 2018), however, the euro that emerged was built on a dangerously flawed set of assumptions, ones which have made the euro a key factor in the continent’s ongoing economic problems. First proposed by French leaders in the 1960s, the idea of a single European currency was viewed by them as a way of shoring up their presence in the global economy. Though German politicians and bankers were initially resistant to implementing such a currency, this changed during the chancellorship of Helmut Kohl. As he grappled with the resistance to German reunification at the end of the Cold War, Kohl embraced the single currency as a symbol of Germany’s commitment to European cooperation and over the course of the 1990s he shepherded its creation over the objections of economists and growing popular discontent with the idea. These concerns proved prescient in the years following the euro’s introduction in 1999, as the single currency deprived participating nations of the ability to employ devaluation as a national response to global competition, creating added economic issues that have sharpened political tensions throughout the continent ever since. Learn more about your ad choices. Visit megaphone.fm/adchoices
For decades the implementation of a single European currency was seen by its advocates as a vital step in the post-World War II movement toward greater European integration. As Ashoka Mody details in Eurotragedy: A Drama in Nine Acts (Oxford University Press, 2018), however, the euro that emerged was built on a dangerously flawed set of assumptions, ones which have made the euro a key factor in the continent's ongoing economic problems. First proposed by French leaders in the 1960s, the idea of a single European currency was viewed by them as a way of shoring up their presence in the global economy. Though German politicians and bankers were initially resistant to implementing such a currency, this changed during the chancellorship of Helmut Kohl. As he grappled with the resistance to German reunification at the end of the Cold War, Kohl embraced the single currency as a symbol of Germany's commitment to European cooperation and over the course of the 1990s he shepherded its creation over the objections of economists and growing popular discontent with the idea. These concerns proved prescient in the years following the euro's introduction in 1999, as the single currency deprived participating nations of the ability to employ devaluation as a national response to global competition, creating added economic issues that have sharpened political tensions throughout the continent ever since. Learn more about your ad choices. Visit megaphone.fm/adchoices
For decades the implementation of a single European currency was seen by its advocates as a vital step in the post-World War II movement toward greater European integration. As Ashoka Mody details in Eurotragedy: A Drama in Nine Acts (Oxford University Press, 2018), however, the euro that emerged was built on a dangerously flawed set of assumptions, ones which have made the euro a key factor in the continent’s ongoing economic problems. First proposed by French leaders in the 1960s, the idea of a single European currency was viewed by them as a way of shoring up their presence in the global economy. Though German politicians and bankers were initially resistant to implementing such a currency, this changed during the chancellorship of Helmut Kohl. As he grappled with the resistance to German reunification at the end of the Cold War, Kohl embraced the single currency as a symbol of Germany’s commitment to European cooperation and over the course of the 1990s he shepherded its creation over the objections of economists and growing popular discontent with the idea. These concerns proved prescient in the years following the euro’s introduction in 1999, as the single currency deprived participating nations of the ability to employ devaluation as a national response to global competition, creating added economic issues that have sharpened political tensions throughout the continent ever since. Learn more about your ad choices. Visit megaphone.fm/adchoices
For decades the implementation of a single European currency was seen by its advocates as a vital step in the post-World War II movement toward greater European integration. As Ashoka Mody details in Eurotragedy: A Drama in Nine Acts (Oxford University Press, 2018), however, the euro that emerged was built on a dangerously flawed set of assumptions, ones which have made the euro a key factor in the continent’s ongoing economic problems. First proposed by French leaders in the 1960s, the idea of a single European currency was viewed by them as a way of shoring up their presence in the global economy. Though German politicians and bankers were initially resistant to implementing such a currency, this changed during the chancellorship of Helmut Kohl. As he grappled with the resistance to German reunification at the end of the Cold War, Kohl embraced the single currency as a symbol of Germany’s commitment to European cooperation and over the course of the 1990s he shepherded its creation over the objections of economists and growing popular discontent with the idea. These concerns proved prescient in the years following the euro’s introduction in 1999, as the single currency deprived participating nations of the ability to employ devaluation as a national response to global competition, creating added economic issues that have sharpened political tensions throughout the continent ever since. Learn more about your ad choices. Visit megaphone.fm/adchoices
For decades the implementation of a single European currency was seen by its advocates as a vital step in the post-World War II movement toward greater European integration. As Ashoka Mody details in Eurotragedy: A Drama in Nine Acts (Oxford University Press, 2018), however, the euro that emerged was built on a dangerously flawed set of assumptions, ones which have made the euro a key factor in the continent’s ongoing economic problems. First proposed by French leaders in the 1960s, the idea of a single European currency was viewed by them as a way of shoring up their presence in the global economy. Though German politicians and bankers were initially resistant to implementing such a currency, this changed during the chancellorship of Helmut Kohl. As he grappled with the resistance to German reunification at the end of the Cold War, Kohl embraced the single currency as a symbol of Germany’s commitment to European cooperation and over the course of the 1990s he shepherded its creation over the objections of economists and growing popular discontent with the idea. These concerns proved prescient in the years following the euro’s introduction in 1999, as the single currency deprived participating nations of the ability to employ devaluation as a national response to global competition, creating added economic issues that have sharpened political tensions throughout the continent ever since. Learn more about your ad choices. Visit megaphone.fm/adchoices
For decades the implementation of a single European currency was seen by its advocates as a vital step in the post-World War II movement toward greater European integration. As Ashoka Mody details in Eurotragedy: A Drama in Nine Acts (Oxford University Press, 2018), however, the euro that emerged was built on a dangerously flawed set of assumptions, ones which have made the euro a key factor in the continent’s ongoing economic problems. First proposed by French leaders in the 1960s, the idea of a single European currency was viewed by them as a way of shoring up their presence in the global economy. Though German politicians and bankers were initially resistant to implementing such a currency, this changed during the chancellorship of Helmut Kohl. As he grappled with the resistance to German reunification at the end of the Cold War, Kohl embraced the single currency as a symbol of Germany’s commitment to European cooperation and over the course of the 1990s he shepherded its creation over the objections of economists and growing popular discontent with the idea. These concerns proved prescient in the years following the euro’s introduction in 1999, as the single currency deprived participating nations of the ability to employ devaluation as a national response to global competition, creating added economic issues that have sharpened political tensions throughout the continent ever since. Learn more about your ad choices. Visit megaphone.fm/adchoices
For decades the implementation of a single European currency was seen by its advocates as a vital step in the post-World War II movement toward greater European integration. As Ashoka Mody details in Eurotragedy: A Drama in Nine Acts (Oxford University Press, 2018), however, the euro that emerged was built on a dangerously flawed set of assumptions, ones which have made the euro a key factor in the continent's ongoing economic problems. First proposed by French leaders in the 1960s, the idea of a single European currency was viewed by them as a way of shoring up their presence in the global economy. Though German politicians and bankers were initially resistant to implementing such a currency, this changed during the chancellorship of Helmut Kohl. As he grappled with the resistance to German reunification at the end of the Cold War, Kohl embraced the single currency as a symbol of Germany's commitment to European cooperation and over the course of the 1990s he shepherded its creation over the objections of economists and growing popular discontent with the idea. These concerns proved prescient in the years following the euro's introduction in 1999, as the single currency deprived participating nations of the ability to employ devaluation as a national response to global competition, creating added economic issues that have sharpened political tensions throughout the continent ever since.
Ashoka Mody, Princeton University gives a seminar for the PEFM programme. The discussant was David Vines, Balliol College, Oxford and the chair was Kalypso Nicolaïdis, St. Antony's College, Oxford.
Ashoka Mody, Princeton University gives a seminar for the PEFM programme. The discussant was David Vines, Balliol College, Oxford and the chair was Kalypso Nicolaïdis, St. Antony's College, Oxford.