National Perspectives in a Global Economy: Rethinking State Capacities, Public Policies and the Brazilian Crisis


This upcoming international conference is a product of a joint effort by MINDS, the INCT and the Graduate Program in Public Policies, Strategies and Development (PPED) at the Federal University at Rio Janeiro. The conference’s goal is to share results of both MINDS and INCT/PPED research projects: State Capabilities and Development; and Public Policies, Austerity and Financial Fragility: Explaining Economic Contraction in Brazil.

Its design reflects the need to place those results into a broader picture which takes into account the problems associated with globalization - especially financial globalization and the erosion of State capacities as well as their social and environmental implications.


December 7-9, 2016
Rio de Janeiro, Brazil

Levy Masters of Science in Economic Theory and Policy Webinars


In the next few days, The Masters of Science in Economic Theory and Policy of the Levy Economic Institute of Bard College will be hosting some webinars, online information sessions about the program. The Webinars are a chat with one of Levy's scholars, about their research, economic/finance topics, etc.


Randall Wray on Oct 18 at 10 am (EDT)

Tom Masterson on Oct 25 at 2pm (EDT)

Dimitri Papadimitriou on Oct 31 at 12pm (EDT)

Jan Kregel on Nov 7 at 11am (EDT)



MINDS' Take: Interview with Felipe Rezende

In adopting IMF's prescriptions of fiscal adjustments and high interest rates, Brazil is losing a historical opportunity to deal with a leverage crisis in the private sector, says Felipe Rezende, professor of Economics at the Hobbart and William Smith Colleges and research fellow at MINDS, in his interview to InfoMoney.

Read the complete interview here.


MINDS' Recent Activities

MINDS' research team, headed by Dr. Leonardo Burlamaqui, was present in some events and activities organized by MINDS's partners late last months, like the Third WINIR Conference, in Boston, USA, and the Future of National Development Banks Conference organized by the iPD, hosted at the BNDES.


MINDS in the News

In the past few months, MINDS' Project Director and Research Fellow Felipe Rezende wrote a series of articles for influential economic newspapers in Brazil like Valor Econômico and Folha de São Paulo. In addition, Rezende has preented his view and opinion on the Fiscal Adjustment in Brazilian Senate.

Read Rezende's articles here.

You can watch his presentation in the Senate here.



Shadow Banking in China: An Opportunity for Financial Reform

By Andrew Sheng and Ng Chow Soon

Shadow Banking in CHina examines this rapidly growing sector in the Chinese Economy, and what it means for your investiments. Written by two world-class experts in Chinese banking, including Chief Advisor to the China Banking Regulatory Comission and former Chairman of the Securities and Futures Comission in Hong Kong, this book in unique in providing true, first-hand perspectives from authorities within the world's largest economy. 

The Politics of Innovation: Why Some Countries are Better than Others at Science and Technology

By Mark Zachary Taylor

Why are some countries better than others at science and technology (S&T)? Written in an approachable style, The Polotics of Innovation provides readers from all backgrounds and levels of expertise a comprehensive introduction to the dabate over national S&T competitiveness. It synthesizes over fifty years of theory ans research in national innovation rates, bringing together the current political and economic wisdom, and latest findings about how nations become S&T leaders.

Real will buy.  What we all know is that there is no happy ending in sight. Serious discussion is needed on how to build an institutional coalition able to back growth-oriented policies as well as deep institutional (probably constitutional) reforms will have to take place.

The problem here is that these discussions are not happening. All parties and most political operators and media-economists are basically shouting at each other armed with basic accusations “corruption” versus “cup d’état” or “leftist policy naivetés” versus “imposing regressive policy agendas all over again”.

What is not happening is a balanced and informed discussion on the global-local dynamics that got us we we are and the use of a comparative perspective to analyze the country’s situation (for instance: a Debt/GDP ratio of 70% is “excessive” and “unmanageable”? According to the WB database, Japan is close to 240%, the US was 96.1% in 2014 , Belgium 99% in 2012 and the UK 96.6 in 2013).