Pray, What might be some Post Globalization Predictions of an Iranian Jew ?

Dear All,
Pray, What might be some Post Globalization Predictions of an Iranian Jew ?
Taking some lessons from the global financial crisis - Time to get down from Air Force One
The Jewish people as a global phenomenon at the very heart of the rise of Zionism and the post Second World War economic and financial system as well as what we have come to know as the post Perestroika unipolar world order dominated by the United States would be very well known to all serious students of cultural history with a keen insight into the the role played by diaspora in shaping world orders.
The Diaspora in nation states of the previous 20 th century, especially the Jews who emigrated from the old Europe to countries like Israel and United States of America are I think a very fit topic for the study into the issue of the convergence of cultural, economic and political identities - the Jews are quintessentially, along with Islam and Christianity, playing out the historical roles assigned to them in their cultural traditions, just below the temporary veneer of twentieth century modernity and the dominance of the Western World over large parts of the non Western world.
I was intrigued to find that the ageing professional champion of ideological economic globalization and the central role of USA in imperialism and world affairs, (a person who worked his way as a quintessential hardworking Oxbridge educated Sikh / silent World Bank economist and bureaucrat, ( but was launched into a political vacuum created by the non acceptance of the Congress party desire for an Italian woman as Indian Prime Minister ), and well known for his domestic reticence and his policy of taking the Nehruvian ideals of non alignment into their deathbed ) - in mediating the affairs of world post 9/11 recently on his tour of USA and Europe - one board his swashy personal aeroplane Air India One, chose to clearly spoke out to the prickly issues of the role of emerging economies in the resolution of the global financial meltdown.
He of course said that the emerging economies cannot be immune from the problems that have catclysmically and shockingly emerged onto the radar of Western political and economic order in the last one month, past the so called regulatory framework, that is not fit for purpose in a laissez faire 21st century global capitalism - the financial earthquake going by the euphemism of " Credit and Liquidity Crunch in Money Markets ".
He said this while he quietly signed an agreement with France on Civil Nuclear cooperation to build more modern nuclear plants than the USA - the mecca of science and technology - is capable of providing to the world and negotiated some cosmetic social security arrangements for short term economic migrants to France from the Indian professional heartland. France incidentally and Monsieur Sarkozy in particular have often been speaking of the need to expand the G-8 group of countries, beyond its imperialistic old Europe and Bretton Woods lineage, to include India as a (responsible economy on the world stage )

In a recent edition of HardTalk on BBC by Stephen Sackur, the issue of the Dollar as the reserve currency for the world and the USA as the underpinner of the world security order, and the instigator of Middle East Asian conflicts came up for discussion.
Why should the whole world ( the Chinese, the Russians, the Japanese and the oil rich Saudis ) spend its cash on propping up the Dollar and what the dollar represents to the World as we know it ?
Economic historians of course know the centrality of Bretton Woods to the whole issue of the Dollar being effectively made the reserve currency of the world as opposed to the more old fashioned precious metal of Gold.
As long as the Dollar remains the effective reserve currency of the world, and as long as the Arab sheikhs keep the cheap oil flowing into guzzling American cars, America can keep up the pretense of being the security guarantor to the world. Effectively the whole world keeps the American Empire afloat, underwriting the trillions od dollars of American global debt, providing Americans with the trust to keep the world moving on its axis.
But this can continue only till the time, lame duck presidents like George Bush and and Neo Conservative twentieth century hawks like Cheney do not run out of their ability to do slightly more than whitewash White House in Washington and Capitol, a bit like Tom Sawyer whitewashing wooden fences for his Uncle to get some pocket money and the intellectual elite of the world keeps flocking to converge onto the American educational campuses.

So here is where an Iranian Jew comes in and begins to predict the demise of US of A as one of the shortest empires in the history of the human civilization.

Professor Nouriel Roubini is a quintessential Diasporean and his specialization happens to be Macro Economics, in a post globalization era in which nobody takes the dire pronouncements of President Bush of Washington any more seriously than the peace talk of the Dalai Lama in Dharamshala.

Prof Nouriel Roubini is now clearly talking of the demise of the American Empire - the uni polar post Bretton Woods and Russian perestroika of Gorbachev of the 20 th century. It is high time Indian brat pack economists like Montek Singh Ahluwalia and Chidambaram begin to take note and reading up more on the history of Iranian Jews.
In Electrical Engineering and in Financial Markets there is a concept like Signal and Noise. The issence of intellectualism lies in separating and muffling the noise from the signal.
Warm Regards,
Nagarjuna

*****
More on Prof Roubini on Wikipedia -

Nouriel Roubini (born on March 29, 1958 in Istanbul, Turkey[1]) is a professor of economics at New York University. He is also the chairman of RGE Monitor, an economic and financial analysis firm.
Contents

* 1 Early life and education
* 2 Career
* 3 Writings
* 4 Research
* 5 Current appointments
* 6 External links
* 7 References

Early life and education

The New York Times describes Roubini's early life as follows: "He was born in Istanbul, the child of Iranian Jews, and his family moved to Tehran when he was two, then to Tel Aviv and finally to Italy, where he grew up and attended college. He moved to the United States to pursue his doctorate in international economics at Harvard."[2] Roubini resided in Italy from 1962-1983, and is currently a U.S. citizen[1]. He speaks English, Italian, Hebrew, and Persian.[1]

Roubini spent one year at the Hebrew University of Jerusalem before receiving his B.A. summa cum laude in Economics from the Bocconi University (Milan, Italy) in 1982. He received his Ph.D. in international economics from Harvard University in 1988. According to his advisor, Jeffrey Sachs, he was unusual in his talent with both mathematics and intuitive understanding of economic institutions.[2]

Career

He served in various roles at the Treasury Department, including Senior Advisor to the Under Secretary for International Affairs and Director of the Office of Policy Development and Review (July 1999 - June 2000). Previously, he was a Senior Economist for International Affairs on the Staff of the President's Council of Economic Advisors (July 1998 - July 1999).

Currently, Professor Roubini is a Professor at the Stern School of Business at New York University. He has also held teaching positions at Yale University, but failed to get tenure.

Roubini is known for his predictions of financial crisis, notably at the IMF in 2006, where he was received skeptically, with one commentator noting his lack of mathematical models. As of 2008 many of his predictions have come to fruition. Formerly an obscure academic, he has received invitations to speak before influential organizations such as United States Congress and the Council on Foreign Relations. As of August 2008, he remains pessimistic on the future of the US economy.[2] He has said that "we have a subprime financial system, not a subprime mortgage market".[2] He does not believe that the United States is entering the next Great Depression, but has said that he believes it will be worst recession since then.[2] He has clarified that his pessimism is focused on the short-run rather than the medium or long-run.[3]

In the 1990s, Roubini studied the collapse of emerging economies. Consistent with the unusual talent noted by Sachs, he used an intuitive, historical approach backed up by an understanding of theoretical models to analyze these countries and came to the conclusion that a common denominator across examples was the large [current account] deficits financed by loans from abroad. Roubini theorized that the United States might be the next to suffer, and in 2004 began writing about a possible/future collapse.[2]

Writings

Professor Roubini is the author of several books, including: Bailouts or Bail-ins? Responding to Financial Crises in Emerging Economies, Political Cycles and the Macroeconomy, and International Financial Crises and the New International Financial Architecture.

Research

Professor Roubini's research interests include:

* international macroeconomics and international finance;
* macroeconomics and fiscal policy;
* political economy;
* growth theory;
* European monetary issues.

Current appointments

* Research Fellow, National Bureau of Economic Research
* Research Fellow, Centre for Economic Policy Research, London, UK
* Member, Bretton Woods Committee
* Member, Council on Foreign Relations Roundtable on the International Economy
* Member, Academic Advisory Committee, Fiscal Affairs Department, International Monetary Fund

External links

* Professor Roubini's NYU Stern Homepage
* Roubini Global Economics (RGE) Monitor
* New York Magazine article
* Professor Roubini's syndicated series, "Finance in the 21st Century", with Project Syndicate
* Talking to Nouriel Roubini
* Dr. Doom - Profile - Nouriel Roubini - Predicting Crisis in the United States Economy

References

1. http://pages.stern.nyu.edu/~nroubini/referen.htm
2. Mihm, Steven. (2008). Dr. Doom. New York Times.
3. Roubini, Nouriel. (2008). New York Times Article on Nouriel Roubini as “Dr. Doom”. RGE Monitor.

Retrieved from "http://en.wikipedia.org/wiki/Nouriel_Roubini"
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