Topic: Global Financial and Economic Crisis

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

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 […]

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Emerging v Developed Countries: high speed history

This week’s Economist has a striking update on the historically breakneck shift in the global balance of economic power towards the ‘emerging economies’. It uses the IMF’s pre-1997 categories of developed and developing (now rebranded ‘emerging’) to avoid the confusion caused by the upgrading of countries to developed status as they get richer. “The combined […]

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The Globalization Paradox, a great new book from Dani Rodrik

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 […]

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Robin Hood, Robin Hood, dum dum dum de dum: financial transaction tax update from Max Lawson

The Robin Hood Tax campaign to fund development and climate change adaptation via a small financial transactions tax (FTT) is potentially one of the campaigning success stories of recent years – an object lesson in how to seize the moment (global financial crisis and fiscal horror story in the rich countries) to promote a good […]

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Cash Transfers: what does the evidence say?

DFID, the UK’s Department for International Development, produces some really excellent research (and in case you’re wondering, our research team doesn’t see any of DFID’s research dosh, so I’m not singing for my supper here). The latest example is a really useful ‘evidence paper’ on cash transfers, summarizing a literature that is expanding at a […]

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Want to avoid financial crises? Then reduce inequality, says the IMF

What are they putting in the water at the IMF these days? Following its recent advocacy of not one, but two new global taxes, a new IMF working paper by Michael Kumhof and Romain Ranciere links inequality with financial crises. “The United States experienced two major economic crises over the past century—the Great Depression starting […]

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How is the G20 shaping up as the new global steering committee?

The G20 summit takes place in Seoul today and tomorrow, the first such gathering in a non-G8 country. I’ve been following the G20 process from a distance and it’s fascinating – here’s a few reflections. The moment: the financial crisis of 2008/9 saw the G8 publicly hand over the reins of international coordination to the G20. […]

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Is the IMF getting serious about inequality? Looks like it

Is the IMF going socialist? Hardly, but on Monday Dominique Strauss-Kahn, its Managing Director, gave a pretty extraordinary (and welcome) speech, entitled “Human Development and Wealth Distribution”. Here are a few excerpts: “Adam Smith—one of the founders of modern economics—recognized clearly that a poor distribution of wealth could undermine the free market system, noting that: […]

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What is happening on global bank taxes? Robin Hood reports from the frontline

Earlier this year, I posted a fair amount on the new Robin Hood Tax campaign for a financial transactions tax to fund aid and the fight against climate change (start here and follow the links). In a guest blog, Oxfam’s top RHT obsessive, Max Lawson, updates us on the subsequent behind-the-scenes progress “In today’s aid-speak, […]

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What did we learn in the global economic crisis? Multimedia wrap-up on resilience, gender impact and fiscal holes (plus me waving my arms around)

We’ve been churning out a bunch of materials on the global economic crisis summarizing our conclusions to date on its developmental impact (though who knows if this is the end, or just a pause, in the financial chaos). The Global Economic Crisis and Developing Countries brings together our findings from research in 12 countries involving some […]

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Low income countries have a $65bn hangover from the global crisis -will it destroy the MDGs?

I wrote this for the Guardian Comment is Free site (went up last Friday), summarizing the findings of a new Oxfam research paper. Take note, anyone involved in next months’ big UN MDG summit. “Sometimes the things we don’t know about what is happening in the world take your breath away. A global economic crisis strikes […]

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Videos I liked: animated marxism; leadership and the dancing guy; adapting to climate change

OK, this week’s posts have been fairly demanding, so let’s relax a bit. I’ve been getting a pile of links to excellent youtubes and the like. If you’re in an open plan office like me, sticking on the headphones and watching videos during office hours can be a bit awkward (‘it’s work related, honest’), so either […]

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