Wednesday, December 3, 2008

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the end of a round

good, it must end.
I take the official release of the results of fair play to finish this column.

AC was too difficult to do on-site at the end of the runaway tournament then the trigger related to the end of a competition that was dense with emotion.

Summary of final days
match against Japan: 7-17 game losing face Japanese cleat. very enjoyable nonetheless.
AC puts us in first, the chicken low (7 °).
for August 6, one game (not bad at this stage of the competition): Hong Kong on 7
we win we play Italy (match won 16-10) against a team "mediterranean" led by the fabulous fair play captain Max (I am not for the name), then you win after a rough game against unpeu british (14-10).
last day, we play for places 5-8. first match against England that beat us in the first round but they had led during the second half. Match hooked ... and disappointment with the 2 teams who fail at their best (fatigue? pressure?). the English finally won 11-13
We play so the 7 * Place cons Chines Taipei, who had been surprised in the first game but have played much better after we win (15-12).

Date: 7 ° spot: we maintain our place in a context where the overall level to advanced. But it does not meet the objective ambiteiux fixed (in the first 6 or 2 first European world).
of success or a mixed ...

And now good news: we won the 5th place in the spirit (of 14). it is closer to our last few glorious place during the European Championships last year.
it feels good!

Also note the good overall ranking of France, which ranks the 6th largest in the world of spirit. Not bad!
Thus ends the round ended 05-08.
From next year, a new team with a new staff (we find the familiar faces of course ...) will prepare for the European Championships and 11 World 12 ...

bet that the experience gained by this team and the dynamics of the pole France-driven Fed will make all efforts bear fruit products!

Wednesday, November 19, 2008

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forecasts of the IEA for the worsening climate crisis continues

On contreinfo: Energy and climate: current trends are unsustainable, warns the IEA


"Trends in current supply and consumption are clearly unsustainable - environmentally, economically and socially. They can and should be changed, "warns Nobuo Tanaka, executive director of the International Energy Agency. Cautioning against voltage expected due to the accelerated decline of deposits and the increase in demand - it will bring into production the equivalent of six Saudi Arabia to 2030 - he believes that "the era of cheap oil is complete. "On the part of the fight against global warming, challenges will lie ahead not less. Although OECD countries reduced their emissions to nothing, the limit of 450 ppm CO2e would still be exceeded. Excerpts from last Agency report, here are the facts, figures and tables describing the magnitude of the task.

International Energy Agency, November 12, 2008

"We can not let the financial crisis and economic delay political action urgently needed to ensure security of energy supply and reduce the increase emissions of greenhouse gas emissions. We must make a global revolution in the field of energy, consisting of improved energy efficiency and increasing implementation of low-carbon energy, "said Nobuo Tanaka, executive director of the International Atomic Energy Agency (IEA) in London to mark the presentation of the "World Energy Outlook (WEO) 2008" - the new edition of the publication of the agency that provides a prospective table on energy issues.

Projections

In the baseline scenario of the WEO-2008, which assumes the continuation of current government policies:

- the global primary energy demand grows by 1.6% per year on average between 2006 and 2030 - an increase of 45%. Figure lower than expected last year, mainly due to the impact of the economic downturn, the prospect of higher prices and new policy initiatives.

(JPG)

- Oil demand increases by 85 million barrels per day currently to 106 mb / d in 2030 - Or 10 mb / d less than expected last year.

- Coal demand increases more than any other source of energy in absolute terms, accounting for more than a third of the increase in energy consumption.

(JPG)

- Modern renewables grow faster than the gas to become the second largest source of electricity soon after 2010.

(JPG)

- China and India account for over half of the increase of energy demand by 2030 while the Middle East is a new and consuming region.

(JPG)


to read the whole article: Energies and climate : current trends are unsustainable, warns the IEA

Template For Announcing The Joining Of Doctor

the 2008 report of the WTO's Online

growth of world trade has fallen to 6 percent in 2007, as confirmed by a report from the WTO: International Trade Statistics 2008

explanations are threefold:

  1. A contraction demand in developed countries,
  2. currency realignments and changes in commodity prices such as oil and gas, have introduced uncertainties in global markets in 2007
Consequently, growth World merchandise trade has fallen to 6 per cent in real terms, against 8.5 percent in 2006, according to statistics released by the WTO on November 5.

These figures are contained in the official full statistics for 2007, entitled "International Trade Statistics 2008". Growth 6 per cent of trade is slightly higher preliminary evaluation of 5.5 percent announced in April but still represents a very significant drop from the 2006 figure.

The report said the slowdown "is due to a slowdown in import demand, mostly U.S. but also in Europe and Japan".

"Trade remained strong in most developing countries . In regions like Africa, Middle East, Commonwealth of Independent States (CIS) countries in developing Asia and Central and South America, economies have experienced sustained growth in 2007. "

" Although rising commodity prices have contributed to improve the financial situation of some countries, higher energy and food prices also increased inflationary pressures in the world. "

Rising prices of commodities has increased by 19 percent the total value of exports agricultural products, an increase that was higher than that in the case of trade in manufactured goods, fuels and mining products.

For the first time in five years, trade in commercial services has increased in value more rapidly than trade in goods, 18 per cent against 15 per cent. This is mainly due to increased supply at international level, a large number of financial services, IT services and business services, professional services and technical services variety, as well as the rising price of transportation.


This publication and its data can be obtained free on the website of the WTO in the following forms:



complement a Video debate: The global food crisis: What is the role of trade? top


> Download

Tuesday, November 18, 2008

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Sunday work in political debate

Sunday working in debate:

Nicolas Sarkozy explained Rethel (Ardennes), Oct. 28. "Why continue to prevent anyone who wants to work on Sundays? , asked the president, as he likes rhetorical questioning in this case. C 'is a day of growth Increasingly, it's purchasing power and more. You still have to think of the families who have the right, the days they do not work, go to shop in stores that are open and not closed automatically . " And the head of state and supporter of "liberate all of this" , invited parliamentarians to "seize without taboos" of the proposal Bill filed to this effect in early August by the MP (UMP) of the Bouches-du-Rhone Richard Mall.




debate is launched:

In an interview published in the Journal du Dimanche , Luc Chatel said that "wherever stores open on the seventh day, the activity was promoted . According to him, "the e commerce Sunday's jobs and growth". " "Our goal is to relax the law, but by preserving the local equilibrium," he added, estimating that it will be for "industries, not the law" to define the conditions of any refusal employees.

According to a poll published by Ifop Publicis Consultants and directed the JDD 22 and September 23, 67% of French agree to work on Sundays, which is paid more than a week, if their employer offered. They were 59% to give the same response in December 2007, in a previous survey.

It "shows that minds are changing," said Xavier Bertrand Sunday on France 2. must be given the opportunity to work on Sundays, but on a voluntary basis , "said Minister of Labour, insisting on" safeguards "to make. He supported that employees be paid "twice" that day.

Yet everyone disagrees in particular trade unions dispute the effectiveness of these measures:

The visit that the two ministers made in Thiais Village illustrated the controversy on the subject. Twenty prefectural exemptions were granted in August, signs of this shopping center, whose stores Decathlon, Boulanger or Fnac but unions CFTC and FOR have challenged the tribunal. The appeal is suspensive, this retail center, apart from Ikea, are subject to penalties if they fail to comply with the law.

"We regret that two ministers are legitimate signs outlawed, said two officers of the CFTC, Eric Scherrer and Joseph Thouvenel, who arrested the ministers. Both unionists have said that Sunday working would the "d ESTRUCTION stable than 100,000 jobs in small independent businesses to downtown."

at: work Sunday


showed up weaknesses in the JDD poll and presented another survey (by the way as questionable ) controlled by FOR to BVA:

As economists they are at least skeptical about the value of a such as:

For the director of the Research Centre for the Study and Observation of Living Conditions (Credoc), Robert Rochefort, "no economist can say we need to open across the Sunday ".

In the pages of the world views an excellent article ASKENAZY p: The price of Sunday, by Philippe Askenazy

"The current debate seems a repeat of the beginning of last century on the Sunday holiday for everyone. arguments on the occasion of the 1906 Act can be found in the mouth of the same players. The employers supported the Sunday work. The Catholic Church wishes to maintain this day holiday, devoted to church and family. The unions will add the needed rest of the employees. It only lacks the military: the wear of youth by working 7 days on 7 raised concerns about the ability of France to raise an army of soldiers able to wash the humiliation of 1870. This last argument had finally bring progress is undeniable that the Sabbath. "

comparison with USApays which has long been a fan of horraires shifted and whose amplitude is maximal:

" Let's cross however the Atlantic. United States, the Most supermarkets (food) are open 24 hours on 24, 7 / 7. Yet signs are quietly lobbying for regulation of opening hours. In fact, they find themselves in an expensive balance become vicious. The fierce competition prevents, or risk losing valuable customers, reduce the amplitude of opening. And this high amplitude involves two major costs.

The first is energy. Supermarkets, particularly food, are among the most energy-intensive activities : powerful entirely artificial lighting, heating or air conditioning immense volumes, large rays refrigeration open and often manipulated. In this time of the Grenelle Environment Forum, he is so funny that we do not question the environmental impact of Sunday opening in France "

The second major cost is labor. Overseas Atlantic, despite the absence (or weakness) of bonus for night work and Sunday, the high amplitude zone participates in consumer expenditure per hour worked in small shops: in the food, they are twice low in the U.S. than in France.

On the site of a capital P Burban representatives of the artisans are two other limitations:

Capital.fr: Easing Sunday working would be following two principles: voluntary and pay doubled. Is not this a good thing? Pierre Burban
:
(Laughs) .... An employee who refuses once, then again Sunday work will position itself in an awkward position in front of his employer. And double the pay is not an element to justify a generalization of work on Sunday.

Capital.fr: Working on Sunday is expected to create jobs by government. This will be there at the expense of small businesses? Pierre Burban
:
This idea of creating jobs is questionable. A generalization Sunday working will benefit the big retail groups. But it will destroy jobs in the local shops. Indeed, the same turnover, it employs three times more staff than supermarkets




Finally P ASKENAZY note:

The theoretical impact of the opening Sunday is thus ambiguous. Hence the importance of empirical work on the North American cases. U.S. states or Canadian provinces do not simultaneously deregulated opening shops on Sundays. The statistical analysis of this diversity allows identify the specific effects of this deregulation. Estimates are converging. United States and Canada, the net effect on employment is modest but real: the order of 1 to 2% of additional posts. In contrast, the number of hours available per employee remains unchanged: those who work on Sunday losing hours on weekdays, with a total impact on their salary is very low. This probably leads the UMP to advocate a double payment of basic pay on Sundays. But that may exacerbate the costs borne by businesses. Yet already, without such a doubling, the North American studies are unanimous : Sunday opening results in a price increase of about 4%. In France, if the salary is in addition to doubling the glaring weakness of competition between retailers in many parts of the territory a more massive impact on prices is a concern. In fact, there is no miracle that the additional service is purchased Sunday at a cost and this cost is charged or overcharged, customers. Even for those who do not do their shopping on Sunday!

bet that in a crisis purchasing power, prices will quickly argument put forward by employers in the sector ... to demand back on the commitment of doubling earnings, once liberalization achieved. So as not to truncate the debate. And, in particular, ask the French a full question: Do you want a Sunday opening of shops left to suffer higher prices

Monday, November 17, 2008

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How to end the crisis?

LATEST FORECASTS FROM OECD ARE NOT PARTICULARLY OPTIMISTIC:

"The OECD appears to be in recession and unemployment is rising in many countries that comprise it. The OECD projections suggest a prolonged slowdown in activity, with a likely decline GDP ⅓ per cent in 2009 "


OECD continues:" but the uncertainties are significant, particularly as regards the depth and duration of the financial crisis, the main cause of this decline. In this respect, the forecasts assume a rapid absorption of extreme financial stress observed since mid-September, however, which would leave room for a long period of financial turmoil until the end of 2009, with a normalization then gradually . "Nevertheless

OECD recognizes that" forecasts are surrounded by considerable uncertainty. For 2009, the main risk is that of a more pronounced deterioration in economic conditions. In particular, the financial situation could take longer than expected to normalize, new financial institutions could find themselves on the brink of bankruptcy and emerging market economies could be hit hardest by the slowdown of world trade and a reassessment risk of foreign investors. "

But we can be optimistic:" However, the situation could grow significantly more favorable than expected. "

forecasters OECD after several years of excessive optimism does not recognize that they finally felt like Keynes expectations are never certain, and the margin of error is large

We can see that Keynesian ideas are experiencing a comeback : OECD calls itself "The cleanup of banks' balance sheets could be faster as a result of important and comprehensive measures taken by the authorities . Similarly, one can not exclude the adoption of stimulus larger than assumed in the forecast .

OECD goes even further: In this context of strong economic downturn, stimulus needed macroeconomic . Under normal circumstances, monetary policy, not fiscal policy, would be the instrument of choice, and we did take into account a further monetary easing. However, given the extreme financial pressures currently observed, the monetary transmission mechanism is probably less effective. Moreover, the United States and Japan, the flexibility to further reduce interest rates is limited. "In terms

Keynesian more could we not talk about the trap liquidity?


Finally we return to the old model, yet reviled since the 80s (Friedman, Thatcher and Reagan): "In this unusual situation , (it's true the economy is it not always at full employment ?) fiscal policy also has its place. We'll have to let automatic stabilizers play fully and in countries that have leeway on the budget plan, a discretionary easing of fiscal policy remains an important option in the short term. "

Beware the OECD does not yet give up his traditional speech:" However, it is essential that such a discretionary action to intervene in a timely and is temporary, and is designed for the sake of maximum efficiency . Tax cuts for households facing credit problems could, for example, be effective. Simultaneously, with high public debt in many OECD countries, it will also establish a credible framework for fiscal sustainability in the long term.

yet the situation is worrying réeellement the idea of regulation at international level; "We can not exclude that further measures may be necessary to stabilize financial markets. In this case, international cooperation is desirable to avoid any action that could distort competition or report problems on other countries . "

but there also are not mistaken this is temporary: " It is also important that these measures are designed and implemented so that it can be safely removed when the situation will normalize financial markets ."

to read the full: "Forecasts for the U.S., Japan and the euro area "

in addition to the website of Natixis: 14/11/2008 What the Research Service released this week.
What happened this week?: American risk vs. risk emerging recession in the euro zone, collapse of the pound sterling ...
Energy and Raw Materials: Towards a low growth in oil demand.
What about market trends? France: who can be surprised by the tightening of credit? ", 762, null) 'onmouseout =" Tooltip.hide ();"> Global recession, tighter credit conditions in France decline in GDP in the eurozone, British Pound ...


B Obama seems more pragmatic and ambitious in his first interview:






In the gallery: Barack Obama : all are good ways to counter the recession

"the government must take" all necessary steps to restart the economy and it will take spend money to stimulate the economy .

A statement which is close to the famous Roosevelt's New Deal and Keynesian economics, long hated by economists in vogue in Washington. But Barack Obama has defused criticism by asserting that the ultraconservative the financial crisis had prompted a consensus among economists on both left and right.

"We should not worry about the deficit this year or even next year" said the president elected at the interview.

* He also called "priority issue a "strengthening of financial sector regulation, including the lack of rule is often referred to as a catalyst for the crisis. However, he stated that" the answer (to the crisis, ie) is not a heavy regulation that would crush the spirit of enterprise and risk appetite.

a pragmatic president telling you I


Sunday, November 9, 2008

Supplemental Questionaire Uc

inequalities based on age

site echoes: A Report of the Council levies Mandatory stresses that the tax system operates transfers to the benefit of older assets to the detriment of






The more than 65 years are at the party. After Wednesday, INSEE said they are happier than others, a report by the compulsory contributions came to reveal yesterday that the French tax system is more favorable than other generations. As it stands, the system of compulsory levies "operates an instant transfer for the benefit of households and individuals over 65 years and under 30 years at the expense of active classes" , Said the report presented yesterday by Philippe Seguin, Chairman and first President of the Court of Auditors.

CSG lower

The over 65 "have both a higher standard of living for individuals younger and a lower level of taxation" . The latter results from a "CSG rate much lower on pensions" and a "more favorable to tax unearned income" as those activity, even in the insulating The large size occupied by social contributions in earnings.

By their way of life, beyond the sixties and more widely levies on consumption. With age, firstly, the overall consumption decreases, and secondly, the proportion of low-taxed products (reduced VAT) increases in purchases. For example, they consume more drugs (2.1% VAT), go to museums more often and read more (VAT 5.5%) than their younger counterparts.

same time, the social debt (85 billion euros) product "instant transfers for the benefit of over 65 years" . The breakdown between generations of CRDS, whose function amortize this debt "led to make the only net beneficiaries of the system" with benefits received in excess of their own contribution.

"Free Lunch"

Added to this table the pension system, which "benefited the early generations" who received higher benefits in having contributed less. In short, they have received "free lunch" says Philippe Seguin.

The report notes that "intra-family transfers (gifts, inheritances) encouraged recent reforms have no way sufficient to rectify the situation, insofar as they represent only 1% of total wealth. Similarly, "other tax reforms have had a relatively neutral impact on the intergenerational inequities" says Emmanuel Macron, Rapporteur of the study.

In these circumstances, the Council suggests the tax burden on the executive to better take into account the issue of transfers between generations, so far rarely used as a reading grid, in his choice of fiscal and social policy.

Cliquez ici
The Council stresses that the tax burden over 65 years are generally subject to lower tax level, while they enjoy a standard of living higher than that of younger

On the site of the observatory inequalities:

In 1975, employees aged 50 on average earned 15% more than employees of 30 years, age adults living on one foot while equality. Today, the gap is 40%. In 1977, employees from 30 to 34 years earned less than 1.5% the average employee ... 10% less in 2000. Unemployment

helping the fruits of economic growth slowed since 1975, have been reserved for over 45 years. Generational reading to understand that young people valued yesterday became the senior promoted today by seniority. Young people today suffer far more than other age groups the pressure of lack of employment.

Note: 100 = average wage of the year.

Source: Surveys 2000 Employment and Training, qualification and professional 1977, INSEE; archives LASMAS-BMI




To report

complement an excellent slideshow of Louis Chauvel for his course from Sciences Po Paris: [PPT]

PowerPoint Presentation

Saturday, November 8, 2008

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THE PORTRAIT OF THE SOCIAL FRANC E

ON THE SITE OF THE INSEE DERNIERPORTRAIT OFFICE OF FRANCE 2008 Edition
  • Summary

    As every year, Insee offers "France Portrait social 'stock of economic developments Social and observed over the past year. The 2008 edition focuses particul ...

  • Overview

    - The decline in unemployment continued in 2007 - the purchasing power of households accelerates in 2007 - Inflation accelerates and affects more rural or low-income households - the threshold of poverty. ..

  • Overview - Demographics

    Yves JAUNEAU

    More and more PACS and births outside of marriage ...

  • Overview - Education

    Magali Beffy and Delphine PERELMULTER

    For twenty-five years, a population more and more qualified but with differences according to social background still important ...

  • Overview - Employment and unemployment

    Etienne DEBAUCHERY

    The fall in unemployment continued in 2007 ...

  • Overview - Salaries

    CHARNOZ Pauline, Vincent and Nicolas GOMBAULT Greliche

    Stabilization of higher wages ...

  • Overview - Income

    Jerome ACCARDO Dominique GUEDES, Nicolas Herpin and Jerome PUJOL

    inflation accelerates and affects more low-income households and rural ...

  • Overview - Redistribution

    Elise AMAR BONNEFOY Vincent, François and Benoît Marical MIROUSE

    Redistribution in 2007 and the reform of income tax and the earned income tax. ..

  • Overview - Redistribution

    Elise AMAR, Magali Beffy, Francis and Emilie Marical RAYNAUD

    The public health services, education and housing contribute twice as much as cash transfers to reduce inequalities in living standards ...

  • Overview - Consumption and living conditions

    Pierette BRIANT and Catherine Rougerie

    The accommodations are more comfortable than twenty years ago and weigh more on household income ...

  • Indicators of social inequality

    Basic indicators and key indicators by the CNIS report on "Living standards and social inequalities" ...

  • Chronology

    Zohor Djida

    Highlights of 2007 and the first half of 2008 ...

  • In France, which uses the services at home?

    Claire MARBOT

    In 2005, 2.6 million households reported to the tax authorities have resorted to home services, for a total cost to their charge of 4.4 billion euros. In ten years the number ...

  • happiness he expects the number of years?

    Cédric AFSA and Vincent MARCUS

    During life, ages ago when, more often than others, it expresses happy. This emerges from the analysis of a series of opinion surveys over 25 years, which is presented here ....

  • die before age 60, the fate of 12% of men and 5% of women of a generation of private sector employees

    Rachid Bouhia

    Social inequalities in mortality are particularly pronounced in France. These inequalities between social groups in the broad sense may result mainly from differences in com ..

Sunday, October 26, 2008

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Women and poverty

poorest of the poor? Women

Janine Mossuz-Lavau, Fondation Jean-Jaurès, 33 pages. According
Janine Mossuz-Lavau, poverty is not neutral. She hits the first female population. This test aims to define poverty and the weight of the genre by analyzing the figures, before returning later, what is less known, the experiences of women affected by poverty after a qualitative survey conducted among women at different ages. Finally, the gaze that casts the company on money and poverty seems to remain divisive. Citizens the right or left did not, in this respect, the same analysis.
Download PDF 444.5 kb

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monetarist theory in crisis?

On the site of the life of ideas:


monetarist theories to the test of the financial crisis

The crisis facing the world since 2008 still poses many puzzles. How did we get here, so that mechanisms seem relatively simple and could have been anticipated? This crisis does mark the failed monetary policies of the 1980s and is this the return of Keynesian stimulus package? The Paris School of Economics organized a great seminar involving eight specialists of the crisis, and academic professionals to inform the debate. Video clips.

elements of the financial crisis began to be known: the search for home ownership, reckless lending to households not creditworthy, securitization and distribution in the economy riskier loans or insolvent, the market downturn U.S. housing and snowball effect of lack of trust between financial officers and in particular among banks and interbank lending drying up of credit in the economy. The crisis facing the world since 2008 still poses many puzzles: mechanisms seem relatively simple therefore anticipated, then why did we get here? This crisis is comparable to that of 1929 or this Does specificities? Brand Does the failure of the monetary policies of the 1980s and in particular the independence of the central bank and its purpose? What are the ways of resolving the crisis and assists does one return of Keynesian stimulus package? To inform the debate, the Paris School of Economics organized a seminar bringing together eight outstanding specialists of the crisis, and academic professionals.

The financial crisis and the future of the financial system , Organized at the Paris School of Economics October 14, 2008.

Summary of interventions:
- Bourguigon François, Paris School of Economics (EEP)
- David Naude , Deutsche Bank
- Fabrizio Coricelli , Paris 1, CEPR and CES
- Andre Orlean , EHESS and PSE
- Gunther Capelle-Blancard , Paris 1, CES
- Paul Besson, Trading in Hedge Fund Industry
- Gabrielle Demange, EHESS and EEP
- Olivier Godechot , MHC
- Philippe Martin, Paris 1, CEPR and CES.


Bourguigon François, Paris School of Economics (EEP)

Francois Bourguignon (EEP)

David Naude (Deutsche Bank)

David Naude (Deutsche Bank)

Fabrizio Coricelli (Paris 1, CEPR and CES)

Fabrizio Coricelli (Paris 1, CEPR and CES)

Andre Orlean (EHESS and PSE)

André Orléan (PSE et EHESS)

Gunther Cappelle-Blancard (Paris 1,CES)

Gunther Cappelle-Blancard (Paris 1,CES)

Paul Besson (Trading in Hedge Fund Industry)

Paul Besson (Trading in Hedge Fund Industry)

Gabrielle Demange (EEP et EHESS)

Gabrielle Demange (EEP et EHESS)

Olivier Godechot (CMH)

Godechot Olivier (MHC)

Philippe Martin (Paris 1, CEPR and CES)

Philippe Martin (Paris 1, CEPR and CES)

Wednesday, October 22, 2008

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state would it return?

On the life of a great article idea:

October 2008: the return of the state?

Policy Perspectives on the Financial Crisis

by Bruno Bernardi [17-10-2008]


The unfolding financial crisis and attempts to stop it have led to the emergence of a new theme: we are witnessing, divine surprise for some, curse for others, the return of the state. Bruno Bernardi wondered if this idea is not an illusion, behind which he would discern the changes under way: a new step towards the absorption of the market or an overall reconfiguration of our historical and political horizon?

Download this document (s) (s):

In less than a year, so-called subprime crisis - these risky mortgages that have proliferated in recent years United States - has spread (by the process of fragmentation and resale of credit called securitization ) to the entire global financial system. The crisis of confidence that has resulted has endangered the existence of many leading banks, disorganized and dried up the credit market, caused a collapse in equity markets, suggesting a recession on a global scale. Under the financial crisis seems to be emerging a global economic crisis. At the heart of this turmoil, the market turned to dismay political institutions as a last resort before the debacle. States, directly off liquidity providers, credit from banks, guarantees to depositors and, more directly, by entering the capital of large financial groups, have "taken the hand." These measures will be effective, at least to mitigate the effects of the current crisis? They will avoid a depression? These are questions almost open and that theoretically belong to the essence of economics.

However, we can address these events from another angle, the more directly political. we not witnessing a dramatic shift in the dominant representations of what must be, in general, social organization?

Recent decades have seen ramp up the idea that the market, by its own dynamics and balances that helps train, was by definition the backbone of the whole of physical organization of society and the state as the political function attached to it, should only play a limited role, matters, in any case he had no legitimacy as an economic agent. This groundswell that has been called conservative revolution of or neoliberal wave , was first attached to the names of Margaret Thatcher and Ronald Reagan. We know the famous phrase of the latter, delivered during his inaugural address, January 20, 1981: "The State is not the solution to our problem, government is the problem" [ a ].

Three decades later, one can see without an ironic perplexity the heirs of Reagan and Thatcher, the singers of all - the market, redefining the scope of public policies (the shrink), turn into a few days or a few hours, heralds of the political decision, defenders of the state contractor, and rely heavily on measures of modesty called nationalization, nationalization would be when the right word .


More fundamentally, many believe we are at a turning point in thinking the relationship between economics and politics, State and market. Filling some, horrifying to others, we would see after a long hiatus, the return of the state. But before we confirm or disprove this reversal of perspective, to applaud or condemn, it is not necessary, taking a step back, examine the idea of a return of the state?

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the development el'Afrique analyzed by UNCTAD

-UNCTAD has also put online its report on the development of Africa and its position is changing: the liberalization did not know enough to ensure growth and development:

Economic Development in Africa 2008: Export Performance following Trade Liberalization: Some trends and prospects

The report this year is to review the export performance of Africa since trade liberalization in order to draw useful lessons for developing future business strategies and development. The main message that emerges is that the efforts for twenty five years by African countries in the area of trade liberalization have removed Most political obstacles that were considered the main obstacles to exports from these countries. Despite some progress in this area, the level and composition of Africa's exports have not substantially improved . African countries have not diversified their exports towards primary commodities and manufacturing goods more dynamic, which are less susceptible to the vagaries of international markets. Their share of world exports has actually declined from 6% in 1980 to 3% in 2007. Therefore, despite the strong growth in export earnings in recent years, Africa has yet to recover its lost market share. According to the report, the low adaptive capacity of supply is the main obstacle to the growth of African exports, which suggests that future export strategies should focus more on specific development areas to increase production for export.

The report on Economic Development in Africa provides some guidelines to help Africa to refocus its development priorities on the transformations structural order to increase supply capacity and adaptation of its exports. These proposals are underscored by the observation that export development requires more than trade liberalization and trade policy must be closely associated with the development policies of agricultural and industrial sectors complementary and clearly defined . The report highlights that macroeconomic and political stability and predictability of policy directions are prerequisites to the success of trade liberalization and policies sector development in Africa.

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growth and inequality are seen by the OECD

The latest OECD publication discusses 30 years of liberal discourse: the Washington consensus shatters: growth is a necessary condition for reducing inequality but it is not sufficient

The gap between rich and poor has widened in three OECD countries on four the past two decades . It notes that a new OECD report.

The report, entitled " Growth Unequal " economic growth over the past 20 years has benefited the wealthy more than the poor . In some countries, including Germany, Canada, the United States, Finland, Italy and Norway, the gap also widened between the rich and the middle class.

countries where the income range is wide generally experience greater poverty. Moreover, social mobility is less important in countries with high inequality, including the United States, Italy and the United Kingdom, whereas in the Nordic countries, where incomes are distributed more equitably, there is more social mobility.
Launching the report in Paris, the Secretary General of OECD, Angel Gurria, has warned against the problems caused by inequality and stressed the need for governments to tackle it. " Growing inequality is a germ of division. It polarizes societies, it creates a divide between countries and regions in the world a hollow gulf between rich and poor. Rising inequality Income blocking the "social elevator," the talented people working hard getting more difficult the rewards they deserve. It is not possible to ignore these growing inequalities. "

The number of low skilled and poorly educated unemployed is one of the main causes of income inequality. Another factor is the increasing number of people living alone and single parent families.

Some social groups have been more fortunate than others. The population is close to retirement age had the largest Strong revenue growth in the last 20 years and poverty has declined among pensioners in many countries. In contrast, child poverty has increased. (According to the OECD definition, there is poverty when every member of a household has an income below half the median income, adjusted for family size).

For children and young adults, the likelihood of poverty is now 25% higher than the general population. The likelihood of poverty for single parent households are three times higher than the average population. However, the OECD countries spend three times more on family policy 20 years ago.

In developed countries, governments have increased taxes and spending more on social benefits to offset the trend towards more inequality. According to the report, would have exacerbated inequalities faster without these expenses.

As argued by Mr. Gurría, we must address this problem otherwise. "Although taxes and transfers are important in many OECD countries to redistribute income and reduce poverty, our data confirm the loss of effectiveness over the past decade. Wanting to fill gaps in income distribution solely by an increase in social spending amounts to treating symptoms and not the disease. "

" If inequality has increased, it is largely because of the changes that have occurred on the job market. This is where governments must act. Low-skilled workers face increasing difficulties in finding employment. Increasing employment is the best way to reduce poverty, "said Mr Gurría.

Improving education is also an excellent way to achieve growth in the long run, benefits all, not just the elite, this is one of the findings of the report. In the short term, countries should take more effective measures to ensure that their people are employed and that working families receive benefits that increase their wage income, rather than relying on unemployment benefits, disability and early retirement


Interesting. The gap between rich and poor is not so important as you might think

Key elements of the report

Income gaps have widened over the past two decades in most OECD countries. In the current context of a changing global economy means that more people may be left behind. According to the Secretary General Angel Gurria, "Ensuring that growth benefits everyone, not just the rich, is the task we must undertake." Governments should not remain spectators: they should respond to income inequality with policies that help people cope.

Why the gap between rich and poor is widening there?
In most countries the gap is growing because rich households fared significantly better than the households of the middle class and poor households. changes in the structure of the population and the labor market over the past 20 years have contributed greatly to this inequality.

  • The salaries of those who were already well paid have increased.
  • The employment rate for people with a lower educational level decreased.
  • And the number of households with one adult and one family is growing.

What can we do?
In some cases, government policies on taxation and redistribution of income have helped to fight against inequality. But this can not be the only answer. Public authorities should also improve their policies in other areas.

  • Education policies should aim to equip people with the skills they need in the current job market.
  • active employment policies are needed to help the unemployed find work.
  • Access to paid employment is key to reducing the risk of poverty, but getting a job is not necessarily enough to be free. The study Growing Unequal shows that over half of the households concerned by poverty there is at least a share of income from work.
  • policies related benefits of employment to assist families of assets that have difficulty accessing a standard of living by supplementing their income. In addition
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Did You Know? (Income inequality)

The gap between rich and poor widened and the number of people living below the poverty line has increased over the last two decades. Evolution is quite widespread, affecting three quarters of OECD countries. The magnitude of change is limited but significant.

[Table 11.1. Evolution of income inequality and poverty ]

Income inequalities have widened significantly in the early 2000s, Germany, Canada, the United States and Norway. By cons, revenues have tended to equalize in Greece, Mexico and the United Kingdom.

[Chart 1.1. Gini coefficients of income inequality in OECD countries, mid 2000s ]
[Chart 1.2. Evolution revenuVariation inequality the Gini coefficient over different periods ]

Rising inequality is usually explained by the fact that the rich saw their incomes improve as compared to low-income earners by compared to average income earners.

[Table 1.1. and Table 1.2. Evolution of real household income by quintiles, Gains and losses and income shares by income quintile ]

Did You Know? (Poverty)

About one ten had in OECD countries with incomes below half the national median in 2005.
[Chart 5.1. Relative poverty rates for different income thresholds, mid-2000s ]

The risk of poverty has declined for the elderly, while it increased for young adults and families with children .

[Table 5.1. poverty rate of people of working age and for households with a head of working age, according to the characteristics of households ]

[Table 5.2. Poverty Rate children and persons living in households with children by household characteristics ]

Work reduces poverty: jobless families were almost six times more often affected by poverty than families of active .

[Chart 5.8. poverty rate and employment in the mid-2000s ]

More key messages on the last page
synthesis
Growing Unequal

Data on income distribution and poverty, Gapminder


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English only for now, Charts Gapminder allow interactions between the data on income distribution and poverty with time.

You can select the flag of your choice on each axis and the bubble size represents a third indicator. You can then click on PLAY. You can also select the country (ies) of your choice and compare the results.

Gapminder Graph by default: OECD countries have the poverty rate they are willing to pay?

Incomes are more equally distributed and there are fewer poor people when social expenditures are important, as is observed in the Nordic countries and in countries of Western Europe such as Austria, Belgium and the Netherlands. In these countries, in 2005, social spending in favor of people of working age accounted for 7-8% of national income and the share of working-age persons affected by poverty was between 5% and 8%.

At the other extreme, the United States, Korea, Mexico and Turkey, benefits accounted for 2%, if not less, national income, and 12 to 15% of the working age population were affected by poverty.

It would be easy to conclude that countries have the poverty rate is based on what they are willing to pay. Mexico and Turkey, higher tax revenues - which would allow expansion of social programs - would likely reduce inequality and poverty. But for most OECD countries, the answer is more complex ...