Coordinated and Massive Global Stimulus Required

Cotton Made in Africa: A Field Report by Roger Peltzer

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Monitoring G8 Europe Global The New South UN Reform Global Finance Doha Final

Coordinated and Massive Global Stimulus Required

New UN report: Counteract synchronized downturn

UN economists are recommending massive economic stimulus packages that are coherent and mutually reinforcing on a global basis, and linked with sustainable development imperatives. These should come on top of the liquidity and recapitalization measures already undertaken by countries. That’s a main message of the new World Economic Situation and Prospects report (see reference). A WDEV summary of the first chapter

The 2007 sub-prime mortgage debacle spread into a global financial crisis in 2008, and since has turned into a calamitous economic downturn that will last into 2009 and likely beyond, says an advance edition of the UN annual economic report, issued at the international Financing for Development review in Doha. Also recommended are stronger regulation of financial institutions, adequate international liquidity provisioning, an overhaul of the international reserve system and a more inclusive global economic governance, to prevent against any future repetition ...

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The Outcome of the FfD Conference in Doha, Qatar / Towards a World Financial Organisation

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WDEV Recent Issues

Issue 3/May-Jun 2010
Minister Niebel's Leitmotiv: German Interests + Greece's Baltic Future + World Bank and Gender + Trade Union Rights
Issue 2/Mar-Apr 2010
Making the MDGs More Sustainable + Lisbon Treaty and EU Development Cooperation + Reconciling and Livestock Production? + The IMF's Green Fund
Issue 1/Jan-Feb 2010
The Superiority of the Financial Transaction Tax + Global Unemployment on Record Levels + New Beginning in European Development Policy? + Clean Development for the South
Issue 6/Nov-Dev 2009
Global Economic Prospects for 2010 + Does Copenhagen Really Matter? + Quo Vadis, German Development Cooperation? + Mapping Social Protection in South Asia
Issue 5/Sep-Oct 2009
A New Exchange-Rate Management + Dams and Corruption + World Bank Promotes Land Grab + ODA and Low Tax Countries
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WDEV Highlights

Pressure on Workers Grows as Crisis Hits Jobs
The ITUC's Annual Survey of Trade Union Rights has documented a dramatic increase in the number of trade unionists murdered in 2009, with 101 killings - an increase of 30% over the previous year. The new Survey also reveals growing pressure on fundamental workers' rights around the world as the impact of the global economic crisis on employment deepened.
Minister Niebel's Leitmotiv: "German Interests"
Barely in office, German development minister Dirk Niebel unambiguously mapped out the road: he wants to ensure that development cooperation once again focuses on German interests. This position provoked-probably intentionally-protest from the greater part of the German development community.
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Greece: A European Crisis Needs European Solutions
A group of economists has written an open letter to European policymakers criticising their collective failure to address the Greek crisis as a European crisis. It sets out the various causes of the Greek crisis, of which poor fiscal management by that country is only one, and points out the European dimension of the problems. It calls for decisive and coordinated policies by European and national actors to stem the crisis.
IEG Evaluated World Bank's Gender Support
The evaluation of the Independent Evaluation Group (IEG) of the World Bank's support for gender issues between 2002 and 2008 is of significant relevance in the light of the Beijing+15 review and the launching of gender mainstreaming as crucial strategy for all institutions and organizations.