Global Financial and Economic Crisis

Four roles for the Multilateral System – how well will it perform any of them?

Duncan Green - March 20, 2015

Along with a bunch of Oxfam’s specialist policy wonks, I recently helped Francoise Vanni, our new Director of Policy and Campaigns, put together a presentation on the multilateral system. Writing a new powerpoint is also a pretty good way to generate a blog post – key messages, simply transmitted (assuming you obey the ‘less than 20 words per slide’ rule, and avoid sticking up vast …

Continue reading

What should Europe do about Illicit Financial Flows? Five take-aways from the African Union’s High-Level report

Duncan Green - February 6, 2015

This post by tax campaigner Christian Hallum (@ChrHallum) also appeared on the Eurodad blog.  Last Saturday a landmark decision was taken when the African Union, made up of 54 African Heads of State, adopted the report of the High Level Panel on Illicit Financial Flows (IFF). This report documents the scale and impact of IFF from the continent and gives a range of policy recommendations. Our …

Continue reading

Are developing countries heading for another debt crisis? And if so, what is anyone doing about it?

Duncan Green - February 5, 2015

Skating on thin ice is an occupational hazard in my job, but it was really cracking underfoot at a recent Chatham House Rules roundtable on ‘debt crisis prevention in developing countries’. The only way to survive is to stay quiet, nod and look thoughtful when people refer to completely unintelligible things like ‘the clarification of pari passu, which created difficulties in the US that we’re …

Continue reading

What are governments doing on inequality? Great new cross-country data (and some important conclusions) from Nora Lustig

Duncan Green - January 28, 2015

Oxfam and Oxford University held a big inequality conference last week, timed to coincide with Davos and the launch of our new pre Davosbriefing (massive media coverage – kudos to author Deborah Hardoon and Oxfam press team). I generally find conferences pretty disturbing. This one at least spared us the coma-inducing panels of nervous researchers reading out their papers. All the speakers were confident and convincing. …

Continue reading

$2 leaving developing countries for every $1 going in – big new report on the state of global financial flows

Duncan Green - December 18, 2014

A very useful new report from Eurodad, published today, provides ‘the most comprehensive review of the quantity of different financing sources available to developing countries, and how they have changed over the past decade.’ This in the run up to the big UN summit on financing for development (FfD) in Addis Ababa in July 2015. Here are some highlights from the exec sum: ‘We have …

Continue reading

Why is economic orthodoxy so resistant to change? The art of paradigm maintenance.

Duncan Green - September 17, 2014

Ever wondered why it’s so hard to shift big institutions (and the economics profession in general) on economic policy, even when events so graphically show the need for change? I’ve just come across a fascinating 2006 paper by Robin Broad, ‘Research, knowledge and the art of ‘paradigm maintenance’: the World Bank’s Development Economics Vice Presidency (DEC)’, summary here. Full paper here. It must be about …

Continue reading

‘Working for the Few': top new report on the links between politics and inequality

Duncan Green - January 20, 2014

As the world’s self-appointed steering committee gathers in Davos, 2014 is already shaping up as a big year for inequality. The World Economic Forum’s ‘Outlook on the Global Agenda 2014’ ranks widening income disparities as the second greatest worldwide risk in the coming 12 to 18 months (Middle East and North Africa came top, since you ask). So it’s great to see ‘Working for the …

Continue reading

How does Europe’s crisis look through the eyes of an international aid agency?

admin - September 12, 2013

Back in 1942, during World War Two, Oxfam came into existence to lobby the British Government to ease the allied blockade of Nazi-occupied Greece. 70 years and a European miracle later, might we be once again about to send aid teams to Athens? I’m sitting in Australia as I write this, and it feels like I can almost see Europe shrinking and sliding backwards. An …

Continue reading

G-8? G-20? G-2? G-0? Who’s in charge in a world in motion? And what does it mean for INGOs?

admin - June 25, 2013

I’ve got my head down doing some reading n writing, but luckily I am besieged by offers of guest posts, a lot of them v good. Here’s one from Oxfam International’s Advocacy and Campaigns Associate Martin Hall “Ain’t never gonna be what it was” – Little Big Roy, The Wire What with the G8 summit just past, the G20 summit approaching and the G-Zero debate …

Continue reading

The BRICS Bank gathers momentum: another sign of the world’s shifting power balance

admin - June 7, 2013

The momentum behind the creation of a new international bank by the BRICS countries seems to be building steadily. Its leaders will review progress on the BRICS Bank at a special BRICS summit in the sidelines of the St Petersburg G20 Summit in early September. They expect to finalise plans for the Bank at the Sixth official BRICS Summit in Brazil in early 2014. And …

Continue reading