The global economic crisis of 2008-2009 exposed systemic failings at the core of economic policymaking worldwide. The crisis came on top of several other crises, including skyrocketing and highly volatile world food and energy prices and climate change. This book argues that new policy approaches are needed to address such devastating global development challenges and to avoid the potentially catastrophic consequences to livelihoods worldwide that are likely to result from present approaches.
The contributors to the book are independent development experts brought together to identify a development strategy capable of promoting a broad-based economic recovery and at the same time…
Alternative Development Strategies for the Post-2015 Era
More than five years after the global financial crisis erupted, the world economy has not fully recovered. Most developed economies are still toiling up a bumpy path. A number of emerging economies, which have already experienced a notable slowdown in the past two years, are facing more headwinds in the international economic environment. Meanwhile, the least developed countries have seen a decline in international official development aid. Read the full report of the LINK Global Economic Outlook 2014-2015.
Download PDF: LINK Global Economic Outlook 2014?2015
About the Project LINK partnership
Global Economic Outlook 2014
October 2013
Summary:
US Fed delays the tapering of the QE programme, providing a temporary relief for emerging markets
Chinese economy strengthens
Current-account deficits widen in several emerging economies
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Contrary to expectations, the United States Federal Reserve (Fed) announced no changes in its monetary policy stance at the Federal Open Market Committee (FOMC) meeting on 17-18 September, maintaining the federal funds rate near zero and keeping the size of its monthly purchases of?long-term assets at $85 billion. Three major factors may explain why the Fed?decided to delay tapering the purchase of assets. First, recent data did not?confirm a sufficiently strong economic…
Monthly Briefing on the World Economic Situation and Prospects, No. 59
South Africa: A slight uptick in growth in the second quarter
World Economic Situation and Prospects Weekly Highlight No. 31
WESP Weekly Highlight No. 31
The Global Partnership for Development: The Challenge We Face
While there are advances to report in increasing access to new technologies and some essential medicines, in achieving greater duty-free access for exports from developing countries, and in completing the debt relief initiatives, the international community is not fully delivering on many of its commitments.
For the first time since 1997, official development assistance fell for a second year in a row; negotiations to reach an agreement on a development-oriented multilateral trade are stalled; more developing countries are in need of debt restructuring; and essential medicines are still unaffordable and insufficiently available…
The MDG Gap Task Force Report 2013
September 2013
Summary:
BRICS?establish?anti-crisis?facility
Western?Europe?exits?recession
Growth?in?emerging?markets?remains?uneven amid?structural?issues?and?tightening?external?financing?conditions
During the G20 summit, the countries of the BRICS group (Brazil, the?Russian Federation, India, China and South Africa) agreed to establish a?contingent reserve arrangement by pooling resources in a $100 billion fund.?China will contribute $41 billion, South Africa will contribute $5 billion, and?the three other members will provide $18 billion each. This is a precautionary facility to help shield these emerging economies from stock market and?exchange-rate volatility as the advanced…
Monthly Briefing on the World Economic Situation and Prospects, No. 58
August 2013
Summary:
Emerging economies enact?policy measures to forestall?slowing growth
US GDP statistics revised
Drought conditions affect?Southern Africa
A number of indicators point to slowing growth in emerging economies, partly due to?protracted weak external demand from developed countries, but also due to domestic?factors. Differing in their policy space, as well as policy intention, a number of major
emerging economies have taken steps to deal with the slowdown. While the efforts are?not nearly as extensive as those undertaken during the eruption of the financial crisis,?they still demonstrate the necessity of supporting growth. These measures have also come
into effect at the…
Monthly Briefing on the World Economic Situation and Prospects, No. 57
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