Tag: economic crisis

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 […]

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How the global crisis is hitting Zambia (and the mining companies are taking advantage)

As part of Oxfam’s flurry of studies of the development impact of the global crisis (for an overview click here), here’s a summary of a new paper of mine on the impact of the global crisis on Zambia. The main story is perhaps how the mining lobby has used the crisis to reverse some progress […]

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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 […]

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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 […]

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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 […]

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Food prices for poor people are not coming down – new data from the FAO

It’s been bugging me for months that we are still talking about a ‘food price crisis’ even though world commodity prices, including food, have come down a long way since their peak in mid 2008. Should we still be talking about 150m people being pushed below the poverty line by high food prices? Won’t they […]

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IMF finally calls it – the world economy will shrink in 2009, and developing countries are hit harder than we thought

Every revision of global growth predictions has been heading towards zero, and now the IMF, in its report to the G20 finance ministers’ meeting last weekend,  has taken the next step. It predicts the world economy will shrink in 2009, (by minus 0.5-1%) for the first time in 60 years. It’s pretty safe to assume […]

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Is the UN missing in action on the global crisis?

Last week I attended two events that focussed on the crisis and its impact on development: a big DFID conference in preparation for its forthcoming white paper, and an NGO presentation to the UN ‘Commission of Experts’ on reforming the international financial system, which is chaired by Joe Stiglitz. Discussions at both events brought home […]

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Which big developing country economies are most likely to crash?

This week’s Economist has a go at identifying the dominos before they fall. It says ‘The drought of foreign capital is beginning to wreck many economies in central and eastern Europe. Currencies, shares and bonds are tumbling, and some economists fear that one or more of these countries could default on its foreign debts. Emerging-market […]

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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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