Development, Law, and Economics
The Evolution of Money – with Eswar Prasad

Eswar Prasad, SAP
Eswar Prasad, senior professor of trade policy, appears on this podcast to discuss the evolution of money.
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Biden Student Debt Plan Fuels Broader Debate Over Forgiving Borrowers

Bob Hockett, CRADLE
“The short answer to the question of debt forgiveness is that it all comes down to politics: which groups are favored by elite lawmakers, and which groups are less favored,” says Bob Hockett, professor of law, who supports Biden’s policy. “Student debt forgiveness is a relatively rare instance where we are getting debt forgiveness for average people.”
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Taiwan Trade Talks Advance; U.S. Will Start Official Negotiations in the Fall

Eswar Prasad, SAP
Eswar Prasad, professor of applied economics and policy, says, “It’s a market for certain U.S. exports, such as agricultural products, but also, consumer goods that actually come through China do have technology from Taiwan. Taiwan also exports directly to the U.S.”
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As Ruble Cascaded Out of Russia via Crypto, Binance Capitalized

Sarah Kreps, PACS
“People in emerging markets have always found ways to move their capital out of the country to seek a more stable currency,” says Sarah Krepps, professor of government and public policy.
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Topic
- Development, Law, and Economics
Program
China’s Gen Z and Millennials Have a Word for Their Disaffection with the Economy and Life in General. Evolution is Dead, Meet ‘Involution’

Eli Friedman, EAP
The ideas of “giving up on fighting tooth and nail” for an increasingly elusive reward has grown in appeal for young Chinese citizens, says Eli Friedman, associate professor in the ILR School.
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GETSEA Fall Mini-Course

The Geography of Disease and Health in Southeast Asia
The consortium for Graduate Education and Training in Southeast Asian Studies (GETSEA) is offering one free and virtual mini-courses this fall, open to all graduate students studying Southeast Asia!
The Geography of Disease and Health in Southeast Asia
Taught by James Wilson, Northern Illinois University
Offered virtually from October 10 to November 14, 2022, Mondays, 8:00pm-10:00pm Eastern Time.
Application deadline: September 16
This course does not offer credit, though students are encouraged to work with a faculty member at their own institution to count a course as independent study credit. Priority will be given to M.A. and PhD students from GETSEA member institutions but students from all institutions are welcome to apply. These courses entail a workload of equivalent to roughly one credit. Only those committed to completing all aspects of courses should apply.
Note that all classes will be conducted synchronously via videoconference. Please take your local time zone into consideration.
We do not offer an option to audit GETSEA mini-courses. Whether or not you seek credit at your own institution, we expect all participants to complete all readings, complete all assignments, and attend all classes.
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100 Years of Economic Development Conference

September 17, 2022
12:00 am
Cornell University
View and download the final conference program here.
After some stops and starts due to the pandemic, 100 Years of Economic Development will be held at Cornell University in Ithaca, NY, from September 15-17.
From the end of World War I to now, it has been a tumultuous 100 years, during which a host of newly-independent nations began to chart out their own policies, often guided by the emerging discipline of development economics. It is a century that straddled the Great Depression and the Great Recession, witnessed rapid globalization with the creation of multilateral organizations, and attempts at global coordination of policy.
Recent decades have seen major breakthroughs in digital technology, and the rise of Big Tech, compelling us to rethink the foundations of economics and the nature of regulation. These changes have occurred alongside a reckless exploitation of the environment, which has cast a shadow over human sustainability. There is a scramble now, aided by the jolt received from the COVID-19 pandemic reminding us of the urgency of reform, to rectify some of this damage.
This conference is an occasion for a stocktaking of economics and economic policymaking. There will be a combination of plenary panels and keynote addresses, with papers from economists and social scientists from around the world, including developing economies.
We expect the conference to result in several published works. The Journal of Economic Behavior and Organization, and the new journal, Oxford Open Economics, have agreed to publish proceedings based on this conference.
Kaushik Basu
Professor of Economics and Carl Marks Professor of International Studies, Department of Economics and SC Johnson College of Business, Cornell University
Administrative Manager: Rick Lee (rick.lee@cornell.edu), Einaudi Center
Advisory Committee: Chris Barrett, Panle Barwick, Arnab Basu, Michele Belot, Nancy Chau, Amrita Dhillon, Brian Dillon, Robert Hockett, Suraj Malladi, Anandi Mani, Ugo Panizza, Sudipta Sarangi
The event is cosponsored by Cornell's Department of Economics (Arts & Sciences) and the Mario Einaudi Center for International Studies.
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Program
Einaudi Center for International Studies
South Asia Program
4 Places That Could Be Trouble if the Economy Goes South

Eswar Prasad, SAP
It’s a time of great peril, says Cornell economics professor Eswar Prasad. Though he doesn’t see cascading crises at this stage, Prasad says countries with high levels of foreign currency debt, economic and political challenges are vulnerable as global financial conditions tighten.
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IAD Fall 2022 Conference

Digitalization in Africa: Impetus for Innovations and Development
The Institute for African Development is pleased to announce the theme of its upcoming fall conference, DIGITALIZATION in AFRICA: IMPETUS FOR INNOVATIONS AND DEVELOPMENT.
The conference will be held on October 28-29, 2022 (Ithaca, NY) USA
Hybrid mode / in-person at Cornell
The conference will focus on the digital era as an entrepreneurial transformative prototype in Africa. Other aspects of the conference will focus on the channels utilized by Africans while navigating digital instruments, developing well-thought programs and technological innovations. Although technology is easily transferred, the context of the beneficiary nation or community has to take into account optimal application. Africans are applying technology to open all possibilities and devising ways to promote the eradication of poverty. This conference will pivot on digital trajectories and projection into the future beyond the 21st century, exhibiting African innovative competence in the digital era as part of the most critical areas of a holistic organization towards thorough and more broadly social progress.
Africa has experienced a digital revolution giving rise to infinite opportunities, empowering a myriad of ordinary people to venture into the technology domain, who would have otherwise been left out. The new reality is that global economies are moving towards digitization in all aspects of daily life. The power of digital technology is captivating, promising, and salient. Digital technologies are not alien to Africa and African perspectives are shifting, influenced by the dynamic economic, political, and social landscape. The digitization platform stands unshakable and this was more evident during the COVID-19 pandemic.
Abstracts should meet the standard of original scholarly research, and commentary. Abstracts will be reviewed through a double-blind process of peer review. References, tables, charts, graphs, images, and figures and any illustrations should not be considered as part of the word count and are to be added at the end of the text. Abstracts should not contain any information that might identify the author(s). A short biography (maximum 50 words), indicating the full name, institutional affiliation, and email address should be sent as a separate accompanying document.
We invite submissions that represent an original study (not previously published) that deal with digital technologies in Africa. Submissions must include an abstract consisting of 800 (minimum) - 1000 (maximum) words. All manuscripts should focus on one of the four identified sub-themes:
(i) Africa and Digital Economies: Digital economy is the new marketplace and modern-day economics. Cashless economies are on the rise, mobile technologies like M-pesa and Bitpesa are impacting transactions across the continent and the world. How is digitalization factored in innovations, entrepreneurship, local and global trade? How have the different sectors of the economy, including agriculture, responded to the digital reality?
(ii) Digitalization and Political spaces: The political landscape has drastically changed due to digital technologies especially with information, social media, and voting rights. How are technologies being enhanced to writing better laws and policies in communities, and fostering new ways of thinking?
(iii) Digitalization and Education: The education landscape previously characterized by the traditional brick & mortar only classroom model has been pressed to acknowledge the need to move to a mix of technology within the traditional teaching and learning context and an all-borderless space utilizing technology. How has the digital reality impacted education spaces, considering the different levels, from elementary school to higher education in general and specifically the universities? What are the implications of the digital expansion on the production of knowledge?
(iv) Digitalization and Medicine: The development of Africa’s digital health sector has been intensified by the need for improved and innovative health services. Countries like Rwanda with its drone-delivered medicine and South Africa’s machine-dispensed medication are leading the way in Africa. On the whole, telemedicine possibilities must cater to people irrespective of where they live and their socio-economic status. Contemporary and innovative medical technology is fundamental to enhancing and transforming the health landscape on the continent.
(v) Digitalization and Religion: Religion as a social institution occupies a wide physical and social space that impacts development programs in Africa. How have religious organizations responded to this digital emergence? How have practices of different religions that required in person participation adapted in response to the digital occurrence?
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U.S. and Taiwan Hold First Round of Trade Talks in New Bid to Counter China’s Economic Influence

Allen Carlson, CMSP/EAP/SAP
Allen Carlson, director of Cornell University’s China and Asia-Pacific Studies program, comments on U.S.-China relations.
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Topic
- Development, Law, and Economics