Topic: Global Financial and Economic Crisis

How do you help people cope with shocks? A liquid brainstorm with Robert Chambers

At an IDS seminar last week, part of its excellent Crisis Watch initiative, Steve Wiggins from ODI argued that his research on the food price crisis shows that during an actual shock, state initiatives are much less important to poor people than their own social coping mechanisms as individuals, communities or through local institutions like […]

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Will this time be different? Financial crises and aid collapses over the last 30 years.

What impact do financial crises in rich countries have on their aid budgets? You would probably expect them to lead to a big bank bailout, producing a debt burden and a fiscal hangover, triggering bouts of cabinet infighting over public spending with aid coming off worst (after all, aid beneficiaries aren’t voters, at least in […]

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Some big development brains ask 'what's next?'

The Institute for Development Studies is a Good Thing. Located on the brutal 60s campus of the University of Sussex near Brighton, its gurus like Robert Chambers and Hans Singer have educated and inspired generations of Masters and PhD students, who then scattered to every corner of the aid industry and beyond (diplomats, politicians etc). […]

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Ending the Doomsday Cycle of global finance

‘Each time the system runs into problems, the Federal Reserve quickly lowers interest rates to revive it. These crises appear to be getting worse and worse.’ So begins a sobering analysis by Peter Boone and Simon Johnson in the CentrePiece, the journal of the LSE’s Centre for Economic Performance. The argument is contained in the […]

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The State of World Hunger in Graphs

This from the FAO’s ‘State of Food Insecurity in the World 2009’. Click on the graphs. After decades of improvements, the number of undernourished people (in millions) in the world has been rising rapidly since the mid 1990s.       Even as a proportion of total population, hunger started rising in the middle of […]

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The Robin Hood Tax takes off: update, arguments and counterarguments

The Robin Hood Tax campaign has certainly struck a nerve. On the one hand, huge public support (within three weeks of the launch, 300,000 views of the Bill Nighy youtube, 120,000 fans on Facebook, 30,000 signed up on email) and serious political interest (UK parliamentary launch with 80 MPs, lobby meetings with all the major parties). […]

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The gender impact of the global meltdown: 7 new papers and a video

One of the aspects which is almost invariably missing from substantive discussions on the global economic crisis (and which quite often, doesn’t even get lip service) is the gender dimension. Women and men experience crises in different ways, and are unequally affected by government responses. Often, pre-existing inequalities, which include under-representation of women at all […]

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More IMF revisionism, this time on capital controls

Another day, another IMF U turn, this time in a ‘Staff Position Note’ on capital controls by Ostry, Ghosh, Habermeier, Chamon, Qureshi, and Reinhardt (they seem to prefer writing by committee at the Fund – personally, I’m with Sartre: ‘hell is other people’). This comes hard on the heels of its recent rethink on inflation, […]

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A big rethink at the IMF, with subtitles for non-economists

The IMF is doing some very interesting (and praiseworthy) rethinking in response to the global crisis, if a new paper co-authored by its chief economist Olivier Blanchard is anything to go by. It’s written by and for economists, so it’s not exactly bedtime reading (unless you’re an insomniac), but here’s the highlights, and my attempts […]

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Natural Resources and Development Strategy after the crisis: useful (but flawed) new World Bank paper

The World Bank’s influential PREM (Poverty Reduction and Economic Management Network) team has a new series of topical notes, pulling together its research on breaking issues (they’ve obviously been reading the literature on using research for influence – rehashing existing research at the right moment for policy makers is one of the most effective forms […]

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The Robin Hood Tax campaign is launched today – check it out

I’ve blogged a few times on the momentum building behind the introduction of a Financial Transactions Tax (see here). Today it steps up a gear with the launch of international campaign calling for a ‘Robin Hood Tax’ (much more memorable!), with the full campaign repertoire – op-eds, a letter signed by 350+ economists, a dedicated website with […]

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How can the international system cope better with crises? Good new paper

Alex Evans of Global Dashboard is always interesting on risk and global institutions. His latest paper, with Bruce Jones and David Steven takes such a long view that it feels pretty cosmic. But here’s my attempt at a summary/highlights of ‘Confronting the Long Crisis of Globalization: Risk, Resilience and international Order’ (far too many syllables […]

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