Financial Turmoil and the "Solutions" -- Will it Help or Worsen the Effects on Developing Countries?
World leaders of the G-20 gathered in Washington to discuss solutions to the global financial crisis. Although the crisis originated in the deregulated financial markets of the developed countries, the impacts of the crisis - both in the financial sector and in the real economy - are spreading globally, including to many countries of the global South. Will the "solutions" discussed at the G-20 meeting help or hurt developing countries?
Panelists Martin Khor, Director of the Third World Network and Mark Weisbrot, Co-Director of CEPR, discussed appropriate regulatory mechanisms that are needed to prevent another similar crisis, and steps governments can take to reduce the impacts in the real economy of the US recession on countries globally.
Media Briefing: Economists Question IMF's 'Firefighting' Abilities in Current Economic Crisis
As world leaders gather in Washington November 15, 2008, for a summit to address the global economic crisis, the International Monetary Fund is being touted as a "financial firefighter." However, the IMF's track record of the last 30 years casts serious doubts on that institution's ability to contain the financial meltdown. Rather than dousing flames, the IMF's prescriptions have often poured gasoline on economic fires in emerging nations, crippling long-term development. Should the IMF be designated as the lender of last resort, it must overhaul the structural adjustment policies that prevent many nations from providing basic services for their people.
Argentina's Economic Recovery: Four Years After the Meltdown
National Press Club, November 30, 2005
Featuring: Mark Weisbrot, co-director of the Center for Economic and Policy Research and Michael Mussa, former Research Director for the International Monetary Fund and current Senior Fellow at the Institute for International Economics
The Financial Crisis: How it Happened and What Needs to be Done
Dean Baker of CEPR and Martin Silver of USAction presented on the financial crisis at this year's Green Festival
November 6, 2008
US Economic Meltdown Made Simple
In early September 2008, U.S. financial leaders were saying "everything is fine." Weeks later, we were being told that unless Congress voted for a $700 billion bailout of Wall Street, the economic system was going to collapse. What really happened? It is important to realize that this was not some sort of unavoidable "natural disaster", but a human-created failure of public policy. Chuck Collins, director of IPS' program on Inequality and the Common Good, and Dean Baker, co-director of the Center for Economic and Policy Research, explained the basics and background of the financial crisis and gave a break down of the economic meltdown and its causes -- and what lies ahead in 2009.
October 31, 2008
The Very Scary Economy
Dean Baker was a guest on Meet the Bloggers, discussing the state of the economy. There was a live blog discussion with other bloggers during the show.
It has been almost three years since Evo Morales was elected president of Bolivia with a historically unprecedented mandate and began to implement political and economic changes long demanded by a majority of Bolivians. This event examined Bolivia’s economic and political changes, as well as the conflicts resulting from opposition to these changes.
Global Financial Stability: What Role for the IMF?
Economists Dean Baker and Mark Weisbrot discussed the current economic crisis and considered the choice of the IMF as a future global finance regulator. The IMF's failure to provide advance warning of most of the major financial crises of the last 15 years and its record of suggesting inappropriate remedies after the fact raise serious questions about its ability to perform this function.
The Distribution of Bolivia’s Most Important Natural Resources and the Autonomy Conflicts
On August 10, Bolivian voters will participate in recall referenda that
will determine whether the president, vice-president, and governors of
Bolivia’s states will continue to serve in office. While polls suggest
easy victories for President Evo Morales and Vice President Álvaro
García Linera, some regional governors in the Eastern lowland states
may face rejection. A number of Eastern lowland states, meanwhile, have
recently held referenda on new “autonomy” measures, despite rulings
from the electoral court declaring these votes to be illegal.
What role does the distribution of land and
natural gas – Bolivia’s most important resources – play in the
“autonomy” movements’ opposition to the Bolivian government’s policies?
The Center for Economic and Policy Research
hosted a panel discussion that examined these questions and their
centrality to Bolivia's political divide.
National Association of Letter Carriers' 66th Biennial Convention
Dean Baker was an invited speaker at the National Association of Letter Carriers' 66th Biennial Convention
in Boston, MA. Also invited to address the convention were nationally
recognized labor and civic leaders, including Boston Mayor Thomas
Menino, Philip Bowyer, deputy general secretary, Union Network
International, Reps. John Tierney and Michael Capuano, both (D-MA),
John McHugh (R-NY) and Sen. Hillary Clinton (D-NY).