Topic: Global Financial and Economic Crisis

Is this the UN's most powerful critique to date of finance-driven globalization?

Ten years ago, Supachai Panitchpakdi was in charge of the World Trade Organization as it led a global push for the liberalization of trade, investment and just about everything else in the early days of the Doha Round. The talks ran aground (they still aren’t concluded) amid a big pushback from many developing countries (backed by […]

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How will political and economic shocks drive social change? Please help me write a paper…..

Something almost unprecedented has occurred – I’ve finished an article early. Oxfam Peru is a redoubt of intellectuals and every year publishes an annual collection of essays on the state of Peru and development in general. This year they’ve asked me to focus on shocks and change, so I’ve donned my false beard and cardigan […]

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Social Cohesion – there's a lot more to it than the OECD version

Fuzzword alert: the term ‘social cohesion’ seems to be popping up across the development landscape like toadstools in autumn. The G20 prefers to talk about social cohesion rather than inequality; the World Bank is using it to discuss jobs in its forthcoming World Development Report, and the OECD recently published Perspectives on Global Development 2012: […]

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Northern winter, Southern spring + Gramsci rules: looking back on 2011

Here’s my contribution to the flood of ‘2011 retrospective’ articles, published on the Guardian site today What you make of 2011 depends on your vantage point. The year’s events look completely different depending on whether you are sitting at the bottom or the top, in the old north or the old south. From the bottom, […]

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

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 […]

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Robin Hood, the G20 and the Greek debt crisis – what came out of last week's summit?

It’s any campaigner’s nightmare – you work for months to get movement on a big issue at a summit, and then an international crisis blows up and threatens to wreck both the agenda and your plans. But Max Lawson, Oxfam’s head of Policy and Advocacy, reckons that the Robin Hood Tax made significant progress last […]

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G20 rap curtain-raiser – Tap Dat A$$et from MC Moneypenney

I’m in Cambodia for a few days, (more on that to follow), which means that I will miss the the last minute lobby briefings etc for this week’s G20 summit in Cannes. But in lieu of a curtain raiser, here’s something altogether more fun – MC Moneypenney provides an international finance 101 rap from Occupy […]

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Revealed – the capitalist network that runs the world

From the New Scientist As protests against financial power sweep the world this week, science may have confirmed the protesters’ worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy. The idea that a few bankers control […]

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The defenders of capitalism should have more faith – response by Ha-Joon Chang and me to critics of the Robin Hood Tax

This piece by Ha-Joon Chang and me appeared in various places last week, including South Africa’s Business Day (under the title ‘Financial tax not the death knell of capitalism’ ). It was pegged to the G20 finance ministers meeting, which turned out inconclusive on the FTT – the Robin Hood caravan now rolls on to the  G20 […]

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Capitalism's golden age v a lost 30 years – great infographic

From the New York Times (there’s more that’s not included here, so worth going to the original). If you can’t read the text, keep clicking to expand the images. An old story, but well worth retelling, especially like this. At no point does it say that this data is for the US economy – seems that imperial […]

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Rise of the Machines: the weird world of high frequency traders

Some delightful writing from my colleague Richard Gower on the weird (and destructive) world of ‘high frequency traders’ and the need for a Robin Hood Tax to calm them down: “Welcome to the future. Machines, trading hundreds or even thousands of times a second, now dominate stock trading on both sides of the Atlantic. They […]

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What does Bill Gates' leaked report say about aid, tax and development?

Take a look at the leaked report by Bill Gates to the G20, which got a good deal of media coverage because of its positive noises about the Financial Transactions Tax. Actually, the rest of the report is at least as interesting. Firstly, it’s not actually the final report, but a 7 page ‘technical note’ […]

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