Month: March 2009

The UN/Stiglitz Commission recipe for reforming globalization

I finally got round to reading the report of the UN Commission of Experts on reforms of the international monetary and financial system, chaired by Joseph Stiglitz. It’s very sensible, comprehensive and solution-oriented. Trouble is, is anyone listening? Regrettably, the UN process seems largely delinked from the G20/IMF/World Bank leadership on the crisis (see previous…

By admin March 30, 2009 3

The impact of the global crisis on women workers – new report

A powerful new Oxfam report is released today, ahead of this week’s crisis summit in London. Written by my colleague Bethan Emmett, it pulls together preliminary research in 10 countries across Asia and Latin America to show that women working in export manufacturing industries, e.g. garments and electronics, are often first to be laid off, frequently…

By admin March 30, 2009 0

The physics of God; China channels Keynes; the Turner Report; Dani Rodrik on the London summit and the Paul Krugman song: links I liked

The physics of God – what does the ‘veiled reality’ of quantum mechanics mean for religious belief? Alex Evans sees China’s sudden assertiveness in the crisis response discussion as a sign of a possible Bretton Woods moment. Zhou Xiaochuan – the governor of China’s central bank is apparently channeling Keynes. ‘The financial sector no longer…

By admin March 27, 2009 0

Viet Nam: how the crisis is hitting migrant workers in globalization's poster child economy

As we approach the London Summit on 2 April, I’ll be putting up some findings from research Oxfam has been doing on the impact of the crisis in a range of developing countries. First up, some early results from our hyperactive Viet Nam team on the impact of the global crisis on what has been one…

By admin March 26, 2009 0

Vacuous declarations; carbon neutral Maldives; Dani Rodrik, heretic; the case for over-regulation and why watching soaps leads to fewer babies but more lovers: links I liked

The FT impales a vacuous G20 finance ministers declaration The Maldives becomes the first country to go carbon neutral. Unfortunately it’s everyone else who has to do likewise to save it from sinking beneath the rising seas. Dani Rodrik as heretical and original as ever, arguing for stronger national regulation, not the global variety, on…

By admin March 23, 2009 2

IMF finally calls it – the world economy will shrink in 2009, and developing countries are hit harder than we thought

Every revision of global growth predictions has been heading towards zero, and now the IMF, in its report to the G20 finance ministers’ meeting last weekend,  has taken the next step. It predicts the world economy will shrink in 2009, (by minus 0.5-1%) for the first time in 60 years. It’s pretty safe to assume…

By admin March 20, 2009 1