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Mostrando postagens com marcador Greece. Mostrar todas as postagens
Mostrando postagens com marcador Greece. Mostrar todas as postagens

sábado, 11 de abril de 2020

What Did India Learn from the Greeks? - James Romm reviews a book by Richard Stoneman (NYRbooks)

What Did India Learn from the Greeks?

The Battle of the Hydaspes between the troops of Alexander the Great and the Indian king Porus
Science History Images/AlamyThe Battle of the Hydaspes, in what is now Punjab, between the troops of Alexander the Great and the Indian king Porus, 326 BC; illustration from the Faits du Grand Alexandre, circa 1470
“They Came, They Saw, but India Conquered,” wrote the historian A.K. Narain in 1957, characterizing the effects of the Greek penetration into “India” (the ancient name included what is today Pakistan and sometimes easternmost Afghanistan). He referred not only to Alexander the Great’s invasion of the Indus Valley in 327 BC—the first large-scale encounter between Greek and Indic civilizations—but also to the era that followed, when Hellenic rump kingdoms ruled by strongmen rose and fell in northwest India and Bactria, its neighbor to the west. The presence in the region of these Hellenic states, and their occasional forays further east, created a zone of Greco-Indian contact, influence, and exchange, as well as occasional conflict, stretching from Central Asia to the Ganges.
Narain was one of the first Indian historians to write about the “Indo-Greeks,” the term he applied to the Hellenes who campaigned or settled in this part of the world. As revealed by his insistence that “India conquered” them, the inquiry into this age of contact has been complicated by issues of race, religion, nationalism, and, for Indian writers especially, the parallels (perceived or real) between Greek invaders and British imperialists. “The noun Indo-Greek…carries within it a restless tension,” the Hellenist Frank Holt recently commented in an address to a New Delhi academic conference. “That little hyphen stretches between Indo and Greek like the tightened rope in a tug-of-war between two great civilizations. It invites us to join a team at either end…to pull for a winning side.” Partisans in this struggle have sometimes taken wildly extreme positions or have reduced the discussion of Indo-Greek contact to polemical questions of which culture has first claim on a given advance or in which direction influences flowed.
Richard Stoneman, an independent scholar and editor who has made a career-long study of Alexander the Great and the legends about him, takes a sensibly moderate approach to such questions in The Greek Experience of India, when he even attempts to answer them. His book contains numerous “who influenced whom” case studies but casts a much wider net, wider even than its title indicates, for he is also interested in the Indian experience of the Greeks, which is much harder to recover. Drawing on a vast array of research, he has compiled a magisterial overview of “the Indo-Greek era,” beginning with Alexander’s crossing of the Hindu Kush mountain range in 327 BC and ending with the severing of contact about three centuries later. His goal is admirably broad-minded: to “peel back these curtains” of distortion that stood between India…
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quinta-feira, 9 de abril de 2015

William Rhodes on Greece Debt and Bretton Woods institutions - CFS

Recebo, do Center for Financial Stability -- e acho esse nome totalmente contraditório, um conundrum -- seu boletim com um artigo publicado nesta quinta-feira naquele hiper-super jornal capitalista reacionário, dos especuladores de Wall Street, o próprio, cujo autor é o "bruxo" do Comitê Assessor de bancos que negociou, durante todos os anos 1980 a dívida brasileira e de diversos outros países latino-americanos, William Rhodes, Bill para os íntimos.
Ele também presidiu o seminário sobre Bretton Woods, realizado em setembro do ano passado no New Hampshire, lá mesmo em BW, e ao qual deixei de ir porque estava atravessando pela segunda vez os EUA.
Os muito anti-imperialistas não precisam ler, mas os interessados em aprender alguma coisa com um banqueiro imperialista, e que não se sente envergonhado de sê-lo, vão tirar proveiro das matérias.
Tem alguma lição para o Brasil desse artigo sobre a Grécia?
Bem, não pelo lado da dívida, pelo menos ainda não.
Mas sim pelo lado do câmbio.
Quando os agentes percebem que a situação vai se deteriorar, e que haverá desvalorização cambial, ocorre uma rápida fuga de capitais, não de capitalistas estrangeiros fugindo de país, mas de nacionais simplesmente se precavendo e especulando um pouco: compra-se dólar, pois quando a desvalorização ocorrer (como aliás já ocorreu), de 10, 20 ou 30%, depois se traz o dinheiro de volta com um bom lucro. Pois é...
O Larry que assina é Lawrence Goodman, president do CFS.
Paulo Roberto de Almeida 

This morning, The Wall Street Journal published an op-ed "Greece's Achilles' Heel" by William R. Rhodes.  Bill is the President and CEO of William R. Rhodes Global Advisors, LLC; Professor-at-Large at Brown University; and former Senior Vice Chairman of Citigroup Inc.  CFS was honored to have Bill serve as a member of the Honorary Committee at Bretton Woods 2014.

"Greece's Achilles' Heel" is excellent (see http://on.wsj.com/1HUxBjp).  It struck a chord on two levels.

1) The approach is clear and represents the best path for Greece.  Bill notes:

- "It has yet to start negotiating seriously about a long-term solution to its debt crisis. The government needs to understand that creditors have long memories and want assurances that it will live up to the terms of whatever deal is struck."

- "Past crises have shown that there is never a white knight able to ride to the rescue - despite rumors that the Greeks may turn to Moscow and Beijing for aid."

- "Sovereign-debt deals have the best chance of succeeding if they are not seen as being imposed by the creditors, but rather owned and authored by the debtor country's government."

In a paper "Solving the Greek Crisis," CFS outlined the math supporting a similar strategy in 2011.  Although time has elapsed, the basic approach remains valid (See "Solving the Greek Crisis: http://www.centerforfinancialstability.org/research/Greece_062411.pdf).

2)  On a personal note, I traveled with a fellow banker to Nicaragua in the late 1980s to help structure a buyback. Nothing happened.  In the aftermath, the country remained stagnant through 1995 when a buyback was finally orchestrated and the country began to grow again. Now is the time for action in Greece.

Lastly, at Bretton Woods, Bill offered an Honorary Committee Address called "Critical Issues for the Bretton Woods Institutions" - see http://www.centerforfinancialstability.org/bw2014/bw_rhodes.pdf. Many of these issues and recommendations are essential reading in advance of the upcoming IMF / World Bank meetings.

Best regards,
Larry
President
Center for Financial Stability, Inc.
1120 Avenue of the Americas, 4th floor
New York, NY 10036

www.CenterforFinancialStability.org
The Center for Financial Stability is a nonprofit, nonpartisan, independent think tank dedicated to financial markets for the benefit of investors, officials, and the public.