How the global crisis is affecting Latin America and the Caribbean, and which governments are responding well

Here are the main findings of a new paper of mine on the impact of the global economic downturn on Latin America and the Caribbean. It’s part of Oxfam’s series of studies of the development impact of the global crisis (for an overview click here). Top line message, how governments are responding to the crisis…

By admin April 1, 2009 1

The global bank bailout is enough to end (that’s ‘end’, not just halve) world poverty for 50 years

Here are some killer facts on the global economic crisis and the response. First the bail out: globally, as of January 2009, a calculation for Oxfam shows that banks and other financial service firms have already received or been promised at least $8.424 trillion. The breakdown is $903 billion of government capital injections; $661 billion…

By admin April 1, 2009 2

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