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Economics Archives - Institute of the Black World 21st Century

‘Our Door of Return’ African Diaspora Economic Forum

‘Our Door of Return’ African Diaspora Economic Forum

By News & Current Affairs

This year 2019 is significant as it marks 400 years since the first documented ship anchored the shores of America with chained slaves. Since they left through the Door of No Return, there is a mobilisation of African Americans to connect with Africa, through the Door of Our Return. Collaboration with the Diaspora in private sector, government, civil society is key in mobilising and sharing knowledge, expertise, technologies and economic…

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America has two economies—and they’re diverging fast.

America has two economies—and they’re diverging fast

By Editors' Choice

By Mark Muro and Jacob Whiton, Brookings — We’ve been harping for a while on the stark economic divides that define American life in the Donald Trump years. To be sure, racial and cultural resentment have been the prime factors of the Trump backlash, but it’s also clear that the two parties speak for and to dramatically different segments of the American economy. Where Republican areas of the country rely on lower-skill, lower-productivity “traditional” industries like manufacturing and…

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A job fair in Washington DC in August. In April 2019, when the overall unemployment rate was 3.6%, the white unemployment rate was 3.1% while the black unemployment rate was 6.7%.

Hollow boom: why black Americans feel left out of US’s robust economy

By Commentaries/Opinions

Unemployment rate tells a different story about the economy when race is considered, even when job numbers are strong. By Lauren Aratani, The Guardian — What I’ve done for African Americans in two and a half years, no president has been able to do anything like it,” Donald Trump boasted in August, the latest in a series of statements in which he has claimed to be the best president for…

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Trump’s Trade War and the Emerging Corporatist-Fascist State

Trump’s Trade War and the Emerging Corporatist-Fascist State

By Commentaries/Opinions

By Anthony DiMaggio, Counter Punch — President Donald Trump’s fit over China speaks to the rise of neofascism in American politics, at a time when neither Congress nor the courts are showing any interest in rolling back presidential power. Trump’s unique brand of neofascism first emerged in the form of his attempt to crack down on journalistic critics for “treason,” and via the onset of his white ethno-nationalist, which he declared via…

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The Rich Can’t Get Richer Forever, Can They?

The Rich Can’t Get Richer Forever, Can They?

By Commentaries/Opinions

Inequality comes in waves. The question is when this one will break. By Liaquat Ahamed, The New Yorker —  In 1831, Alexis de Tocqueville, at the age of twenty-five, was sent by France’s Ministry of Justice to study the American penal system. He spent ten months in the United States, dutifully visiting prisons and meeting hundreds of people, including President Andrew Jackson and his predecessor, John Quincy Adams. On his…

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What Reparations for Slavery Might Look Like in 2019

What Reparations for Slavery Might Look Like in 2019

By Reparations

The idea of economic amends for past injustices and persistent disparities is getting renewed attention. Here are some formulas for achieving the aim. By Patricia Cohen, The New York Times — If you’re surprised that the issue of reparations for black Americans has taken so long to resolve, blame the president. President Andrew Johnson. As the Civil War wound down in 1865, Gen. William T. Sherman made the promise that would come to be…

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Commentary, Articles and Essays by Dr. Julianne Malveaux

Please Bring School Supplies

By Dr. Julianne Malveaux

By Julianne Malveaux — The event promised to be one of those last-gasp of summer events that would raise a little money for a good cause. The young woman who called to tell me about it promised that I’d meet interesting people, enjoy excellent wines and that the cost of attending was modest. “We aren’t charging anything this year, ” she said rather breezily. “But please bring school supplies.” Her…

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Commentary, Articles and Essays by Dr. Julianne Malveaux

What Goes Up, Must Come Down, but When?

By Dr. Julianne Malveaux

By Julianne Malveaux — President Barack Obama and his team masterfully designed an economic recovery from the George W Bush-induced Great Recession of 2008. The man who now leads our country inherited the Obama recovery and claims credit for our robust economy whenever he opens his mouth. There are signs that the ten-year expansion is slowing, and that our 45th President may be squandering the gift President Obama gave him….

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Alicia Barcena

Latin America – Caribbean GDP expected to decline: 0.5 percent in 2019 vs 0.9 percent 2018

By News & Current Affairs

Santiago, Chile – The Economic Commission for Latin America and the Caribbean (ECLAC) expects economic growth in the region to continue to decline, due to an international context of greater uncertainty and complexity, and weak performance by investment, exports, and consumption. This is the outlooks of the annual Economic Survey of Latin America and the Caribbean 2019, announced this week by Alicia Bárcena, Executive Secretary of the United Nations regional…

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Jeffrey S. Lowe, PhD

Overview of the Crisis of Gentrification in Black America

By Gentrification

Presentation by Jeffrey S. Lowe, PhD, Associate Professor, Department of Urban Planning and Environmental Policy, Texas Southern University for the Institute of the Black World 21st Century (IBW). National Emergency Summit on Gentrification Newark, New Jersey, April 4, 2019 Any overview concerned with gentrification that is causing crisis in Black America must begin with defining the process in a meaningful way and contextualizing the situation to particular times and sets…

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