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The Crisis Seminar (STG-MA-ECR-CRS)

STG-MA-ECR-CRS

Description

Crisis? What crisis? The ultimate test for policymakers is their ability to manage an important crisis in economic, political, social as well as administrative terms, and even more crucially, draw the right lessons from it for future policymaking.

This 2nd-year seminar will focus on important economic and financial crises that have marked the last decades: the Latin America and Asian crises; the Global Financial Crisis; the Eurozone sovereign debt crisis; and the Greek crisis. All of these have a clear transnational character: even in situations where they have initially involved decisions at the national level, they are characterised by high "policy spillovers", with economic and political impacts crossing borders, necessitating policy coordination on a regional or global scale. While the starting point in each case will be the economic dimension of each crisis, the approach will blend economic analysis with political and social considerations, accountability, and democratic legitimacy concerns, while also addressing issues relating to institutional and administrative aspects on a national and transnational level for crisis response.

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