Thinking the unthinkable – The global financial crisis as an opportunity for transformative and systemic change?
Bretton Woods Institutions
|KEY NOTE: Thinking the unthinkable – The global financial crisis as an opportunity for transformative and systemic change?||Podcast|
|Causes of, and responses to, the global financial crisis - Chuck Freedman, Co-Director, Centre for Monetary and Financial Economics, Carleton University|
Since September 2008, when the financial crisis took on global dimensions, the Group of Twenty has met three times at the level of Heads of State, and with a seeminly impressive array of commitments on tax issues, emergency finance, trade finance, global governance, regulating private capital, and redefining new roles for existing and new global institutions. But what is missing in their response to the global crisis? Who are the real winners and losers? What has really changed, and what hasn't? And are the levels of change commensurate with the tectonic shifts taking place in the global economy and with the degree of impact on the ground? Perhaps more importantly, are these the type of changes to ensure a crisis like this never happens again?
What: What's missing in the response ot the global financial crisis?
Who: Organized by the Halifax Initiative Coalition; co-hosted by The North-South Institute and the University of Ottawa.
When: October 19 - 20, 2009.
Why: The conference will look at current responses to the financial crisis, identify where those responses are falling short, and propose some policy alternatives ahead of Canada hosting the Group of Eight Summit in 2010.
|IN THIS SECTION
A Focus on Poverty, Economic Reform and Climate Change
In 2010 Canada will play host to the world. The Vancouver Olympics and the G8 and G20 Summits in Muskoka and Toronto will draw the attention of millions to Canada, its geography, its values, policies and practices. If 2008 was the year of China, then 2010 can be the year of Canada. Around the globe, Canadians proudly sport the Canadian flag in traveling as a symbol of Canadian democracy, openness and concern for human rights. Yet our great international achievements of the past—Canadian contributions to the establishment of international peacekeeping, the Universal Declaration of Human Rights, the Ottawa Treaty to Ban Landmines and the International Criminal Court—are today clouded by concerns about Canada’s current role in climate change negotiations, Afghanistan, reform of the global economy and addressing global poverty.
This book provides an introduction to a wide range of issues on the World Bank and IMF, including on the institutions