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On the Global Financial and Economic Crisis
The British Broadcasting Corporation (BBC) on the global financial and economic crisis 2008-2009
From the BBC:
G20 summit statement on 2 April 2009
Leaders' statement from the G20 summit in London
"1. We, the Leaders of the Group of Twenty, met in London on 2 April 2009.
"2. We face the greatest challenge to the world economy in modern times; a crisis which has deepened since we last met, which affects the lives of women, men, and children in every country, and which all countries must join together to resolve. A global crisis requires a global solution..."
Is it the beginning of a new world economic order?
By Steve Schifferes - Economics reporter, BBC News
The G20 summit has ended in a global deal to boost world growth.
At first glance, there is less than meets the eye in the G20 communiqué.
There was no co-ordinated economic stimulus plan, and the extra $500bn pledged to the IMF will come with too many strings attached to boost the world economy.
And regulation, although global in principle, will still be applied by national regulators who may take different approaches.
Any help to poor countries was limited in scope, and there seems little prospect of a global trade deal that could lift their prospects in the long term.

3 May 2009
Asia 'must cut export dependency'

 

 
 
From the BBC World Service
Global Financial Crisis 2008
Global Recession

The United Nations says the world economy faces its worst downturn since the Great Depression. It expects world economic output to shrink by as much as 0.4% in 2009, due to a slump among developed countries - particularly the US and in Europe.
This would mark the world economy's first year of contraction since the 1930s, the UN said. The report added there had been complacency about the impact of the financial crisis on poorer countries. "It seems inevitable that the major countries will see significant contraction in the immediate period ahead and that recovery may not materialise any time soon, even if the bail-out and stimulus package succeed," it says.

Global crunch: A quick guide to the origins of the crisis
Most analysts link the current credit crisis to the sub-prime mortgage business, in which US banks give high-risk loans to people with poor credit histories.
These and other loans, bonds or assets are bundled into portfolios - or Collateralised Debt Obligations (CDOs) - and sold on to investors globally...

The layman's financial crisis glossary
The current global financial crisis has thrown terminology from the business pages onto the front page of newspapers, with jargon now abounding everywhere from the watercooler to the back of a taxi.
Here is a guide to many of the business terms currently cropping up regularly, as well as some of the more exotic words coined to describe some of the social effects of the credit crunch.

 
 
 
What is post-colonial thinking?

On Development Economics
The Future of Development Economics
The New Economy in Development
The Need to Rethink Development Economics
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Puro Chile la memoria del pueblo
Proyecto para el Primer Siglo Popular
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Puro Chile la mémoire du peuple
Projet pour le Premier Siècle Populaire
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Editeur: Róbinson Rojas