Though our work and research on matters of global economic governance continues, our posting here does not. For up-to-date information on the latest GEG news and research, please check the main GEG website and Facebook page.

  • May 19, 2009 /  health

    The World Health Organization and its director-general received high praise for the handling of the H1N1, or ‘swine flu’ pandemic. The pandemic has spread to 39 countries and nearly 8500 persons, and appears to be no more lethal than a normal seasonal flu. Despite the positive press for WHO and health agencies throughout the world, this H1N1 outbreak reveals fundamental shortcomings in our preparedness for a major, and more lethal, pandemic.

    With the exception of information-sharing, WHO’s performance has been far from stellar. WHO has not been able to limit unilateral measures lacking a scientific basis, nor has it demonstrated the functioning infrastructure to redistribute medicines and vaccines to curb an epidemic. Today’s H1N1 pandemic shows that once a pandemic is active, WHO’s ability to facilitate international cooperation is constrained. International agreement is needed not only to report cases, but to coordinate policies based on scientific knowledge, and to make supplies available where they are needed.

    » Read the full article

    Tags: , , ,

  • May 13, 2009 /  reading

    On GEG’s nightstand this week: high food prices in developing countries; and the perks and dangers of aid agency work.

    » Read the full article

  • May 6, 2009 /  aid

    A ‘surge’ in Afghan aid won’t solve the big problems facing international reconstruction efforts. More aid is needed, but so are fundamental reforms to its delivery. Opportunities are being squandered by wasteful donor practices and a military strategy that overlooks humanitarian needs.

    The announcement of a new Afghanistan strategy by President Obama and his NATO allies brings with it the promise of more resources for reconstruction. Encouraging news, given that the financing shortfall stands at around 48% of estimated needs. Efforts to date have been ‘laughably insufficient’, wrote Paddy Ashdown and Joseph Ingram last week: while reconstruction efforts in Bosnia and East Timor received $580 and $400 per capita respectively, Afghanistan today receives about $57 (though the lack of census data makes this figure hazy).

    So, will renewed international commitment to Afghanistan help?

    » Read the full article

    Tags: ,

  • May 4, 2009 /  imf

    Yesterday China upped the pace of the power shift from a US-dominated world monetary order, to a more global one. China and its Asian partners have just announced their strengthening of a $120 billion emergency currency pool. This is evidence of a new Chinese strategy unveiled in recent weeks and comprising three elements:

    1. substantial reform the IMF;
    2. the growth of a powerful Asian alternative to the IMF; and
    3. a world currency.

    China’s new found confidence in addressing global economic governance is likely to spur policy-makers on both sides of the Atlantic to get serious about addressing major issues of governance reform, emergency lending, and exchange rate cooperation. Where years of developing country efforts have failed to push this debate, China’s potent combination of pushing for reform and at the same time bolstering challenging alternatives is likely to finally have purchase.

    » Read the full article

    Tags: ,