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  • 标题:The Superbubble behind “The Great Moderation:” How the Brandt Report Foresaw Today’s Global Economic Crisis
  • 作者:James Bernard Quilligan
  • 期刊名称:Integral Review
  • 印刷版ISSN:1553-3069
  • 出版年度:2010
  • 卷号:6
  • 期号:1
  • 出版社:ARINA, Inc.
  • 摘要:The Brandt Commission Report, published in 1980, broke ground in vital areas. It was the first international body to develop such concepts as interdependence, globalization, sustainable development, and alternative sources of development financing. It grappled with the difficult problem of global monetary imbalances, not in a vacuum, but rather, situated in the Commission’s stance that reforms in poverty, aid, debt, armaments expenditures, environment, technology, trade, and finance will not effectively meet their goals until they are supported by a totally-restructured monetary system. Virtually all sustainable development initiatives since then have missed that need for restructuring.
  • 关键词:Balance of payments adjustment ; Brandt Commission ; current account imbalances ; dollar crisis ; exchange rates ; global Keynesianism ; global monetary conference ; global monetary system ; Great Moderation ; new Bretton Woods system ; reserve system ; superbubble ; sustainable development ; Willy Brandt. ; James Bernard Quilligan
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