Naila Tasneem’s Post

“For increasing numbers of people, our nations and the system of which they are a part now appear unable to offer a plausible, viable future. This is particularly the case as they watch financial elites – and their wealth – increasingly escaping national allegiances altogether. Today’s failure of national political authority, after all, derives in large part from the loss of control over money flows. At the most obvious level, money is being transferred out of national space altogether, into a booming “offshore” zone. These fleeing trillions undermine national communities in real and symbolic ways. They are a cause of national decay, but they are also a result: for nation states have lost their moral aura, which is one of the reasons tax evasion has become an accepted fundament of 21st-century commerce.”

Missed our webinar? Watch it here: https://lnkd.in/eUrptYC7 #change #taxes #solidarity #structuralreform #taxpolicy #policychange #economics #america

🔍 Comparative Study on Federalism and de/Centralization (link bellow in capt ) In the field of political science, a recurring question pertains to the interplay between forms of government and the processes of centralization and decentralization. Contrary to the widespread perception that autocratic regimes inherently tend toward centralization and democratic ones toward decentralization, our recent research reveals a more nuanced reality. Alongside a group of distinguished scholars, including Santiago Lacroix Kat Adeney, Filippo Boni, Juan Cruz Olmeda, Rotimi Suberu, and Rogerio Schlegel, we have undertaken a study under the coordination of Paolo Dardanelli and John Kincaid, focusing on the federal dynamics of Argentina, Brazil, Mexico, Nigeria, and Pakistan. This project entailed the exhaustive collection and coding of data spanning from the inception of each federation to the year 2020, assessing centralization and decentralization across 22 policies and 7 spheres of fiscal and institutional-provincial autonomy. The findings indicate that subnational entities currently possess greater institutional and electoral autonomy than at their inception. However, a general trend toward fiscal and political centralization has been identified, observable in both administrative and legislative realms, with trends that significantly differ from one another. Notably, the relationship between political regimes and autonomy does not correlate solely with the degree of democratization but is also influenced by the varied manifestations of authoritarianism. A fundamental conclusion of our study is that federalism can persist, and even thrive, in authoritarian contexts. I extend my gratitude to Paolo Dardanelli and John Kincaid for their exemplary leadership on the project "Why De/Centralization in Federations?". I invite you to consult the complete work, available in open Access at @RegFedSt via the following link: https://rb.gy/92on8 This study constitutes an important contribution to the contemporary understanding of federalism and its evolution in various political contexts. #Federalism #Centralization #PoliticalScience #AcademicResearch #Autocracy #Democracy

Javier Milei’s victory has broken the 40-year hegemony of the two leading political forces. However, given his small number of representatives in #parliament, #radical #policies are unlikely. Severe #unrest and political gridlock are the two main downside #risks, and a series of #devaluations and serious #fiscal consolidation seem inevitable. In the current context, the #outlook remains #negative for the short-term political risk rating. https://bit.ly/3N3kia6   #JavierMilei #Argentina #PoliticalRisk #EconomicRisk #CreditInsurance #Export

Federalist Paper #41 provides essential insights into American federalism, highlighting the Constitution's broad federal powers crucial for national security, economic stability, and effective governance. James Madison's defense emphasizes the balance between federal authority and individual liberties, addressing Anti-Federalist concerns. Madison underscores the necessity of key powers like raising armies, regulating commerce, and coining money for unity and prosperity. #federalistpapers #jamesmadison #federalism #government #civics

National Association of State Budget Officers - 5/28/24 Washington Report https://lnkd.in/gEEXqABU Administration Launches Federal-State Power Grid Initiative + Education Sets Up Technical Assistance Center on Fiscal Equity. #finance #publicfinance #stategovernment #statebudget #statebudgets #federalism #federalbudget

I strongly agree with Madam Secretary Yellen; and that's why I wanted to comment on what she wrote. Secretary Yellen's op-ed in USA Today underscores the inseparable link between democracy and economic prosperity. She emphasizes that a robust democracy is not just a moral imperative but also a cornerstone of a strong economy, drawing on economic research and her own observations. Yellen warns against the threats facing democracy both domestically and internationally, stressing that weakening democratic institutions undermines sustainable and inclusive growth. By highlighting examples from Russia and China, she illustrates how authoritarian regimes hamper economic progress. Yellen also acknowledges America's own challenges, particularly in addressing economic disparities. However, she remains optimistic, citing the Biden administration's efforts to demonstrate that democracy can deliver tangible benefits for all Americans. Ultimately, Yellen urges collective action to safeguard democracy, recognizing its pivotal role in shaping our economic future. I was wondering, in all honesty and respect, if Madam Secretary was made aware of: - how local enforcements have been dealing with university protests, and if that's democratic?! - how many students were suspended, and how many university presidents (and faculties) were forced to resign because of what they said (i.e., freedom of speech) in a peaceful setting; is that democratic?! I personally hold a great deal of respect for the United States, and I strongly believe that it is still the land of the free, and the land of opportunities; however, I call on Madam Secretary to respect our minds, and be fair in her observations. The two-state solution that we all are calling for requires the state of Israel to respect, accept and protect Palestinians, and the state of Palestine to respect, accept and protect Israelis. Otherwise, in the absence of respect, accept, and protect, there shall never be a peace in the Middle East. The USA should come together with other influential partners in the region to secure peace. We owe it to our children. One of the greatest advantages of this time and age of digital technologies is that we all are exposed to a whole load of information, which makes us well informed observers. U.S. Department of the Treasury #Peace #Respect #Accept #Protect #Freedomofspeech #Israel #Palestine https://lnkd.in/dm3K3TzZ

South Africans will head to the polls on 29 May. In our latest insight piece, economist Marta Casanovas analyses the players, their policies and different scenarios; the contest is set to be the tightest since apartheid ended 30 years ago. Check it out: https://lnkd.in/dvwYc8Af #SouthAfrica #Polls #MacroEconomies #Economies  

Why has the UK turned to The Labour Party against the The Conservative Party instead of selecting Nigel Farage’s Reform? My Shaping Nations and Markets offers a straightforward answer: with #Brexit, identity capital could no longer be mobilized in full scale. What does it exactly mean? Check it out at chapter 9 of the book published by Routledge Taylor & Francis Group #BritainVotes

In this week’s Monday Morning Outlook, First Trust’s economists discuss the mistakes made in both geopolitical and fiscal policies during the 1960’s and 1970’s, the effect the presidential election had during this time, and how it parallels today’s big issues.