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Economics for Rebels

The ecological economics of the international monetary system

Jul 9, 2024
Dr. Romain Svartzman and Dr. Jeff Althouse discuss the ecological economics of the international monetary system, highlighting how the financial sector drives ecological degradation. They explore currency hierarchies, China's role, radical economic ideas' acceptance, central banks in crises, and global imbalances solutions.
55:11

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Quick takeaways

  • The financial sector drives ecological degradation by allocating resources to polluting activities.
  • Core-periphery currency dynamics hinder long-term ecological investments in peripheral countries.

Deep dives

Impact of Core-Periphery Dynamics on Economic Strategies

In low-income peripheral countries seeking to attract dollars quickly, short-term export strategies lead to specialization in extractive sectors, sending resources abroad. The current international monetary system upholds this lifestyle, favoring core countries over the periphery.

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