Topic: Global Financial and Economic Crisis

A Promising new debate on the financial crisis

Take a look at Development and the Crisis, a new online debate moderated by Dani Rodrik, which has kicked off with contributions from Nancy Birdsall, Jose Antonio Ocampo, Arvind Subramanian, and Yung Chul Park. Here are some excerpted highlights from Dani’s opening pitch ‘Let developing nations rule’:

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Greed, Fear, Deregulation and previous crashes: the origins of the meltdown

Rich pickings in this week’s Economist with a special report on the future of finance, and a nice briefing on ‘global economic imbalances’ that ties together the East Asian crisis of the late 90s with the current mess. The story runs like this, (allowing for my non-Economist spin) The East Asian financial crisis of the […]

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A Billion Hungry People – remember the food price crisis?

Read this paragraph: ‘Despite the recent creation of a United Nations High Level Task Force, there is still little coordination or collaboration among UN organisations, the World Bank/International Monetary Fund (IMF) and other donors. There is no functioning global mechanism to ensure coordination and policy coherence of the various actors, thus adding complexity to the […]

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Links I liked: mobiles v coke; Obama’s Mandela moment etc

Are mobiles the new Coca Cola? Mobile phones are held up as the most promising aspect of new technology in terms of helping poor people improve their lives, but some new research suggests people are cutting back on food and other essentials to pay for the all important status symbol. See here for a summary […]

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Promises v Reality: The Widening Credibility Gap on Aid

The backsliding began almost as soon as the ink was dry on the promises of increased aid made at the 2005 G8 summit in Gleneagles. Have a look at the graphic, based on the latest figures.     It comes from a recent analysis of the latest aid numbers by ace crunchers, Development Initiatives, by […]

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Financial Crisis: Calvin and Hobbes called it 15 years ago

thanks to an unlikely source for this. the World Bank’s Crisis Talk website.  

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Financial crises at a glance: bank crashes, geopolitics and how long til the rebound?

Here are two illuminating graphics from the Financial Times and Economist. First up is a figure from Martin Wolf’s latest column in the FT, itself based on a new paper by Carmen Reinhart and Kenneth Rogoff, showing the proportion of the world economy affected by banking crises, from 1900-2008. Its main features are a spike around […]

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Why my wife is half-right on the Tobin Tax

I’ve always been a bit of a Tobin Tax sceptic, which made for interesting domestic dynamics when my wife Cathy was director of War on Want, one of the main TT advocates in the UK (she’s since moved on to become a psychotherapist – I say it’s a natural progression from NGOs; she doesn’t think […]

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