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In Equatorial Guinea, Recession Has Little Impact
Equatorial Guinea is, to most, a relatively unknown country squeezed between Cameroon and Gabon on Africa’s eastern coast. But this tiny country with a spotty past is a rarity in today's economic...
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A socially responsible world economic order?
At the beginning of July, two influential religious and spiritual leaders made statements within days of each other about the financial crisis and the responsibility of the wealthy to help the poor:...
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India's goal: Slum Free Nation
One in every five people living in Indian cities live in slums. And India wants to move all those people — 62 million to be exact — out of the slums in five years by promoting what they're calling...
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Iceland's Economic Crisis
The collapse of Iceland's three largest banks earlier this year sent ripples through the country's economy. In time the bank's collapse led to high inflation rates, protests, rising unemployment, and...
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Forty Lifetimes Isn’t Enough
This has been reposted from the Mercy Corps blog.I’ll get right down to it: I was disgusted, then furious when I read this morning that an energy trader might receive a $100 million bonus this year....
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The International Monetary Fund Boosts Financial Aid to Poor Nations
Earlier today the International Monetary Fund (IMF) announced plans to provide up to $17 billion in desperately-needed assistance to poor nations over the next five years. IMF managing director...
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Don't Count Out Economics
During the boom years of the 1990s, economists like Alan Greenspan became celebrities. Their speeches and writings were closely studied by those hoping to know where the market was going next. But...
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Farming Boom Goes Bust
After two boom years, The Wall Street Journal reports that the U.S. agricultural sector is expecting this year's profits to be below the 10-year average.Tags: global economic crisisfarming
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Mines in Mongolia
Mongolia could soon be home to the largest copper mine in the world.After years of negotiations, Western mining companies Rio Tinto and Ivanhoe are close to reaching an agreement with the Mongolian...
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It's Not What You Think: India's Informal Economy and the Global Crisis
Would you want an unlicensed dentist working on your teeth?You might if, like many of India’s poor, you lacked the money to see a professional. By your willingness to pay for these services, you’d also...
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Cash That Goes Back Across the Border
Mexican workers often come to the United States to earn money and send it to their relatives back home. But NPR reports that as the U.S. economy has gotten worse, some of these worker's families are...
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Unemployment in Detroit Nearly 50 Percent
Officially, Detroit's unemployment rate is 27 percent. But this number doesn't factor in people that are underemployed or are unemployed and have given up on the job search more than a year ago. In...
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What does it take to escape poverty?
What's most effective in helping people climb out of poverty? Jobs and education, according to New York Times columnist Nick Kristof, who cites several recent studies by economists. Quality youth...
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AIDS Funding in Peril
Funding was a huge topic of concern at this year's International AIDS Conference, which took place last week in Vienna. Scientists, survivors, activists and others striving to defeat HIV are worried...
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Dublin's Turn to Accept an IMF Bailout
As of November Ireland joined the ranks of Greece and Portugal as the latest European country to accept a bailout. The country’s economic crisis of 2008 led individuals and companies to begin pulling...
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