- News Update
If you are a visual learner like me, or you just happen to like nifty animated maps, a site called SHOW World may be worth spending an afternoon coffee/tea break or two to check out. Similar to the popular WorldMapper collection, this site displays a lot of data from a number of sources (including, apparently, the World Bank) in map form. On an Excel spreadsheet, the information would just look like numbers or a boring old graph.
The global financial crisis hit South Asia at a time when it was barely recovering from a severe terms of trade shock resulting from the global food and fuel price crisis.The food and fuel price shocks had badly affected South Asia, with cumulative income loss ranging from 34 percent of 2002 GDP for Maldives to 8 percent for Bangladesh. Current account and fiscal balances worsened sharply and inflation surged to unprecedented levels.
Last week I wrote about the need for greater gender diversity in the financial sector, and ever since then I haven’t been able to escape it. Not so much the post itself, but the topic. It started off simply enough, with two comments and an email. That got me thinking, though – in journalism doesn’t three constitute a trend?
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The second global dialogue of this series focused on the impact of the global crisis on the national macro economies and on the financial systems.
Experts from from Argentina, Uruguay, Turkey, Poland, Hungary, Russia, South Africa, Indonesia, Philippines, and South Korea participated in this event. Speakers included Professor Guillermo Calvo of Columbia University, and Dr. Gerard Caprio of Williams College.
The financial meltdown dominates agendas across the world today, in the wake of two other recent shocks--high food prices and energy price volatility--that have particularly affected many developing countries. Yet, even in a time when countries are preoccupied by pressing economic problems, we cannot afford to take our eye off the ball of another emerging crisis---global warming caused by climate change. Every crisis is an opportunity. With the right handling, we could simultaneously solve the current financial crisis and prevent the emerging climate change crisis.