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Lasting Local Impacts of an Economywide Crisis

Lasting Local Impacts of an Economywide Crisis PDF Author: Martin Ravallion
Publisher: World Bank Publications
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 35

Book Description
"The immediate welfare costs of an economywide crisis can be high, but are there also lasting impacts? And are they greater in some geographic areas than others? Ravallion and Lokshin study Indonesia's severe financial crisis of 1998. They use 10 national surveys spanning 1993--2002, each covering 200,000 randomly sampled households, to estimate the impacts on mean consumption and the incidence of poverty across each of 260 districts. Counterfactual analyses indicate geographically diverse impacts years after the crisis. Proportionate impacts on the poverty rate were greater in initially better off and less unequal areas. In the aggregate, a large share--possibly the majority--of those Indonesians who were still poor in 2002 would not have been so without the 1998 crisis. This paper--a product of the Poverty Team, Development Research Group--is part of a larger effort in the group to assess the social impacts of economywide crises"--Verso cover.

Lasting Local Impacts of an Economywide Crisis

Lasting Local Impacts of an Economywide Crisis PDF Author: Martin Ravallion
Publisher: World Bank Publications
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 35

Book Description
"The immediate welfare costs of an economywide crisis can be high, but are there also lasting impacts? And are they greater in some geographic areas than others? Ravallion and Lokshin study Indonesia's severe financial crisis of 1998. They use 10 national surveys spanning 1993--2002, each covering 200,000 randomly sampled households, to estimate the impacts on mean consumption and the incidence of poverty across each of 260 districts. Counterfactual analyses indicate geographically diverse impacts years after the crisis. Proportionate impacts on the poverty rate were greater in initially better off and less unequal areas. In the aggregate, a large share--possibly the majority--of those Indonesians who were still poor in 2002 would not have been so without the 1998 crisis. This paper--a product of the Poverty Team, Development Research Group--is part of a larger effort in the group to assess the social impacts of economywide crises"--Verso cover.

Lasting Local Impacts of an Economywide Crisis

Lasting Local Impacts of an Economywide Crisis PDF Author: Martin Ravallion
Publisher:
ISBN:
Category :
Languages : en
Pages :

Book Description
The immediate welfare costs of an economywide crisis can be high, but are there also lasting impacts? And are they greater in some geographic areas than others? The authors study Indonesia s severe financial crisis of 1998. They use 10 national surveys spanning 1993 2002, each covering 200,000 randomly sampled households, to estimate the impacts on mean consumption and the incidence of poverty across each of 260 districts. Counterfactual analyses indicate geographically diverse impacts years after the crisis. Proportionate impacts on the poverty rate were greater in initially better off and less unequal areas. In the aggregate, a large share - possibly the majority - of those Indonesians who were still poor in 2002 would not have been so without the 1998 crisis.

The Financial Crisis Inquiry Report

The Financial Crisis Inquiry Report PDF Author: Financial Crisis Inquiry Commission
Publisher: Cosimo, Inc.
ISBN: 1616405414
Category : Political Science
Languages : en
Pages : 692

Book Description
The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

The World Bank Group and the Global Food Crisis

The World Bank Group and the Global Food Crisis PDF Author: The World Bank
Publisher: World Bank Publications
ISBN: 1464800928
Category : Business & Economics
Languages : en
Pages : 271

Book Description
The unanticipated spike in international food prices in 2007-08 hit many developing countries hard. This evaluation assesses the effectiveness of the World Bank Group response in addressing the short-term impacts of the food price crisis and in enhancing the resilience of countries to future shocks.

Securing Development in an Unstable World

Securing Development in an Unstable World PDF Author: François Bourguignon
Publisher: World Bank Publications
ISBN: 0821361082
Category : Business & Economics
Languages : en
Pages : 200

Book Description
The Annual World Bank Conference on Development Economics (ABCDE) brings together the world's finest development thinkers to present their perspectives and ideas. In recent years, a parallel, second conference has been held in Europe with the same goal of expanding the flow of ideas between thinkers, practitioners, and policymakers in the field of international development. This title presents selected papers from the seventh annual ABCDE - Europe meetings, held May 2005 in Amsterdam, the Netherlands.

Jed Friedman, Duncan Thomas

Jed Friedman, Duncan Thomas PDF Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 27

Book Description


Global Economic Prospects 2010

Global Economic Prospects 2010 PDF Author: World Bank
Publisher: World Bank Publications
ISBN: 0821382268
Category : Business & Economics
Languages : en
Pages : 187

Book Description
“The crisis has deeply impacted virtually every economy in the world, and although growth has returned, much progress in the fight against poverty has been lost. More difficult international conditions in the years to come will mean that developing countries will have to place even more emphasis on improving domestic economic conditions to achieve the kind of growth that can durably eradicate poverty.� —Justin Yifu Lin, Chief Economist and Senior Vice President The World Bank 'Global Economic Prospects 2010: Crisis, Finance, and Growth' explores both the short- and medium-term impacts of the financial crisis on developing countries. Although global growth has resumed, the recovery is fragile, and unless business and consumer demand strengthen, the world economy could slow down again. Even if, as appears likely, a double-dip recession is avoided, the recovery is expected to be slow. High unemployment and widespread restructuring will continue to characterize the global economy for the next several years. Already, the crisis has provoked large-scale human suffering. Some 64 million more people around the world are expected to be living on less than a $1.25 per day by the end of 2010, and between 30,000 and 50,000 more infants may have died of malnutrition in 2009 in Sub-Saharan Africa, than would have been the case if the crisis had not occurred. Over the medium term, economic growth is expected to recover. But increased risk aversion, a necessary and desirable tightening of financial regulations in high-income countries, and measures to reduce the exposure of developing economies to external shocks are likely to make finance scarcer and more costly than it was during the boom period. As a result, just as the ample liquidity of the early 2000s prompted an investment boom and an acceleration in developing-country potential output, higher costs will likely yield a slowing in developing-country potential growth rates of between 0.2 and 0.7 percentage points, and as much as an 8 percent decline in potential output over the medium term. In the longer term, however, developing countries can more than offset the implications of more expensive international finance by reducing the cost of capital channeled through their domestic financial markets. For more information, please visit www.worldbank.org/gep2010. To access Prospects for the Global Economy, an online companion publication, please visit www.worldbank.org/globaloutlook.

Globalization and Economic Ethics

Globalization and Economic Ethics PDF Author: A. Barrera
Publisher: Springer
ISBN: 0230609767
Category : Political Science
Languages : en
Pages : 290

Book Description
What is the appropriate criterion to use for distributive justice? Is it efficiency, need, contribution, entitlement, equality, effort, or ability? This book maintains that far from being rival principles of distributive justice, efficiency and need satisfaction are, in fact, complementary norms in our emerging knowledge economy.

World Bank Research Program

World Bank Research Program PDF Author: World Bank
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 290

Book Description


The World Bank Research Program, 2005-2007

The World Bank Research Program, 2005-2007 PDF Author:
Publisher: World Bank Publications
ISBN: 0821374060
Category : Business & Economics
Languages : en
Pages : 286

Book Description
This pocket-sized reference on key environmental data for over 200 countries includes key indicators on agriculture, forestry, biodiversity, energy, emission and pollution, and water and sanitation. The volume helps establish a sound base of information to help set priorities and measure progress toward environmental sustainability goals.