financial crisis

‘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 …

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From pinstripes to poverty: a refugee banker’s first 100 days at Oxfam

admin - January 25, 2013

Oxfam is always keen to employ unusual suspects, none more so than Will Martindale, a banker turned “do gooder” (right, and no, that isn’t his Oxfam desk). Here he reflects on his first 100 days working among the (supposed) angels. Banking. Most hate it. Few understand it. And I miss it. I miss the pace, the energy, and the super smart people fluent in numerous languages. …

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"Be Outraged!" Some big names in development take on the Austerians

admin - May 25, 2012

This week Oxfam supported the publication of ‘Be Outraged’, an angry and eloquent broadside from some big names in the development scene, including Richard Jolly, Carlos Fortin, Giovanni Andrea Cornia, Diane Elson, Ruth Pearson, Frances Stewart and Stephany Griffith Jones. Many of them led the fightback in the late 1980s against the excesses of the Washington Consensus, working out of UNICEF and producing the hugely …

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How can you regulate the beat of a butterfly’s wing?

admin - December 7, 2011

OK, this may be a bit pointy headed, but it has got me thinking. I ran an early draft of this post past Ben Ramalingam (see pic), who thinks a lot about this kind of thing, and include some of his comments here. Fact one: we NGOs are always calling for the regulation of what are called ‘negative externalities’ – where the actions of one …

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How can advocacy NGOs respond to the global meltdown? FP2P Flashback

admin - August 19, 2011

OK, it’s looking ever more likely that we are heading for a European double plunge recession (double dip sounds too pleasant), so here’s some thoughts from December 2008 about how to respond. Ever since the global financial and economic meltdown broke, NGO colleagues have been debating how to respond. That debate is now focused on the G20 summit process, which started in Washington DC on …

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The Globalization Paradox, a great new book from Dani Rodrik

admin - June 9, 2011

Dani Rodrik is one of the handful of heterodox heroes, prominent economists who took on the lazy thinking of the Washington Consensus in its prime, and continue to dance productively on its grave. His latest book, The Globalization Paradox: Why Global Markets, States and Democracy Can’t Coexist, feels like a Big Book, one that may shape a new way of thinking about the global economy. …

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The global bank bailout is enough to end (that’s ‘end’, not just halve) world poverty for 50 years

admin - April 1, 2009

Here are some killer facts on the global economic crisis and the response. First the bail out: globally, as of January 2009, a calculation for Oxfam shows that banks and other financial service firms have already received or been promised at least $8.424 trillion. The breakdown is $903 billion of government capital injections; $661 billion of toxic asset purchases; $1.38 trillion of subsidized loans and …

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Links I liked: Rodrik reflates; Brown goes Green; Ireland backslides on aid; plus Life of Brian

admin - February 5, 2009

Dani Rodrik talks sense as always, this time about how to engineer a quick bailout for poor countries – the IMF engineers a massive fiscal stimulus Gordon Brown nails his colours to the climate change mast in Davos: ‘we cannot afford to relegate climate change to the international pending tray because of our current economic difficulties.  Instead, we must use the imperative of building a …

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Is The Economist going socialist?

admin - February 4, 2009

The back half of The Economist (business, finance and economics) is having an excellent crisis. If you’re willing to filter out the gratuitous (and increasingly defensive) neoclassical riffs, there is some really excellent analysis in there and even some (perhaps inadvertent) progressive thinking. This week’s edition includes a three page briefing on the Asian economies and a handy summary of the numbers on current fiscal stimulus …

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Links I liked: celebrity cheese, aid sceptics and antidotes for cynicism

admin - January 30, 2009

Celebrities, hope, cheese c/o Chris Blattman A clever video to help you rewind apathy here A happy day for all the aid sceptics out there – William Easterly is taking no prisoners on his new ‘Aid Watch’ blog James Meek in the Guardian on what it feels like to be living and thinking your way through a global meltdown and ponders what it all means for …

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