Poor countries or poor people? Development assistance and the new geography of global poverty
Kanbur, Ravi, Sumner, Andy. Many poor people no longer live in poor countries. Of the 10 countries that contribute most to global poverty, six are middle-income countries. For many aid organisations, ‘middle-income’ means they no longer qualify for the same financial aid. This column argues that such a policy would be failing up to a billion […]
Iceland’s programme with the IMF 2008–11
Baldursson, Friðrik Már. During the global crisis, Iceland was hit by the biggest banking crisis any country has ever suffered. This column reviews the role of the IMF in Iceland’s recovery. It argues that the IMF programme was not perfectly designed but successful. Iceland re-entered capital markets less than three years after the crisis. Πηγή: […]
Eurozone crisis: What it means for East and West
Morris, Ian. In October 1911, China rose up in revolution. Four months later the last emperor had fallen and European moneymen were flocking to Beijing, eager to finance the bankrupt new republic. In October 2011, another European moneyman headed for Beijing. But Klaus Regling, head of the European Financial Stability Facility, did not go there […]