CfP for the session “Business and Finance in Turbulent Times: The Developing World in the 1970s and 1980s”, WEHC 2022, Paris13-08-2020 12:34
We welcome paper proposals for the session “Business and Finance in Turbulent Times: The Developing World in the 1970s and 1980s” to be submitted to the 2nd call of the 2022 WEHC-Paris.
Organisers: Carlo Edoardo Altamura (Graduate Institute of International and Development Studies Geneva) and Sebastian Alvarez (University of Oxford)
Since the 2008-9 financial crisis, the developing world has experienced sluggish economic activity and increasing levels of external indebtedness. In a world of low interest rates, the liquidity injected into the US and European banking systems flew over into emerging economies as global demand dropped and commodities prices crashed down. The boom of private and public indebtedness over the past decade has increased the economic and financial vulnerability of a part of the world that has been historically dependent on international trade and exposed to external shocks such as the current pandemic. In a context where governments have stepped in to offset the impact of the coronavirus crisis, debt levels are now approaching the peak seen during the international debt crisis of the 1980s, raising fears amongst policymakers and business leaders of a new wave of defaults.
This session aims to discuss how local and foreign entrepreneurs, financiers and state actors reacted to the turbulent decades that preceded and followed the outbreak of the 1982 debt crisis, giving particular emphasis to papers that explore the following issues:
1. The behaviour of banks, International Financial Institutions, and governments prior to 1982.
2. The immediate impact of the crisis and the response of governments in Asia, Latin America, Eastern Europe and Africa.
3. How non-financial business actors in emerging economies coped with the uncertainties caused by changing government policies, inflation, and recession during the 1970s and 1980s.
4. The impact on European and North American banks, and their attempts to negotiate with developing countries governments after the 1982 crisis.
5. The role played by International Financial Institutions, central banks, and Western governments.
6. The long-term outcomes of the crisis.
Please send your proposal as an abstract of 200 words and a short CV (1 page) to the session to edoardo.altamura[at]graduateinstitute.ch and sebastian.alvarez[at]history.ox.ac.uk. The deadline for submitting proposals is the September 10, 2020.