Go to the PSSM homepage

Back to eTHOUGHT homepage

Email the Editors


e-THOUGHT
VOLUME 15, NUMBER 1 (JANUARY - JUNE, 2014)

In this issue:

ECONOMIC COLLAPSE: WHAT ARE THE EFFECTS?



Political scientist Robert Rotberg on failed and collapsing Third World states (sounds increasingly like Malaysia, doesn’t it?) :

“Failed states offer unparalleled economic opportunity—but only for a privileged few. Those around the ruler or the ruling oligarchy grow richer while their less fortunate brethren starve. Immense profits are available from an awareness of regulatory advantages and currency speculation and arbitrage. But the privilege of making real money when everything else is deteriorating is confined to clients of the ruling elite or to especially favored external entrepreneurs. The nation-state’s responsibility to maximize the well-being and personal prosperity of all of its citizens is conspicuously absent, if it ever existed.

Corruption flourishes in many states, but in failed states it often does so on an unusually destructive scale. There is widespread petty or lubricating corruption as a matter of course, but escalating levels of venal corruption mark failed states: kickbacks on anything that can be put out to fake tender (medical supplies, textbooks, bridges, roads, and tourism concessions); unnecessarily wasteful construction projects arranged so as to maximize the rents that they generate; licenses for existing and nonexistent activities; and persistent and generalized extortion. In such situations, corrupt ruling elites mostly invest their gains overseas, not at home, making the economic failure of their states that much more acute. Or they dip directly into the coffers of the shrinking state to pay for external aggressions, lavish residences and palaces, extensive overseas travel, and privileges and perquisites that feed their greed.”

**************************************************************

Articles

The Malaysian Economy
Malaise Ahead?

Economic Outlook for Malaysia (I)
Cause for Concern?

Economic Outlook for Malaysia (II)
From the MIER

Video: Malaysia - a Failing State? Old, But Still Relevant Video
Are We Listening?

Video: Argentina's Economic Collapse
A Warning for Malaysia?

Video: Argentina - Collapse and Recovery
From the BBC

Economic Collapse of Greece
Impact on the Health of the People of Greece (I)

Economic Collapse of Greece
Impact on the Health of the People of Greece (II)

Economic Collapse of Greece
Civil Servant Job Cuts

Economic Collapse of Greece
Unemployment and Young Greeks

Economic Collapse of Greece
Crime Wave

Squeeze the People
From Susan George

Solutions for the Greek Economic Crisis
From Progressive Economists

Chuckles

Video: Ubah Gaya Hidup (Change Your Lifestyle)
Rising Prices? No Problem, Just Change Your Lifestyle!

Articles on Social Problems in Nepal (by Dr Usha Kiran Subba)

Women in Nepal
Retrospective Study

Domestic Violence in Nepal
Patriarchy in South Asia

Psychosocial Care of Cancer Patients in Nepal
Meeting Their Needs