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Sunday July 5, 2009

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Global Financial Crisis


Reuters/George Esiri - A child plays with a pipe near an oil well in Olomoro village in Nigeria.

Save to My Portfolio The Global Economic Crisis and Failed States

Homi Kharas, June 22, 2009

Already precariously dependent on commodities before 2008, the world's fragile states have been critically hit by the global financial crisis. In a recent article in Foreign Policy Magazine, Homi Kharas notes that a number of them are likely to suffer declines in real per capita income through 2010 as a result of the global recession and commodity price declines. Read More

Developing Countries, Global Financial Crisis, Development, Global Poverty

The Middle East


Reuters/Caren Firouz - A demonstrator shows a picture of former presidential candidate Mousavi during a rally in support of Mousavi near Azadi monument, western Tehran.

Save to My Portfolio The Many Crises of Iranian Youth

Navtej Dhillon and Daniel Egel, June 25, 2009

With Iran at a political impasse, Navtej Dhillon and Daniel Egel write that the youth of Iran, who account for nearly 40 percent of the voting age population, have been profoundly disappointed by the promises of the Islamic Republic and are yearning for opportunities for economic advancement. Read More

Iran, Elections, Middle East, Development, Unemployment

New Report


Samantha Constant - Jamila Hassoune’s “Caravane du Livre Annual Workshop” April 2007, Tahanout, Atlas Mountains, Morocco.

Save to My Portfolio Missed by the Boom, Hurt by the Bust: Making Markets Work for Young People in the Middle East

Navtej Dhillon, Djavad Salehi-Isfahani, Paul Dyer, Tarik Yousef, Amina Fahmy and Mary Kraetsch, May 2009

A new Middle East Youth Initiative report is the first of its kind to assess the early risks faced by young people during the economic downturn, calling on policy makers to help prevent an intensified jobs crisis in the region. Read More

Middle East, Global Financial Crisis, Islamic World, Development, Global Economics

Research and Commentary

Save to My Portfolio Tracking the Global Financial Crisis: An Analysis of the IMF's World Economic Outlook

Laurence Chandy, Geoffrey Gertz, Johannes F. Linn, May 2009

The IMF's flagship publication, the World Economic Outlook (WEO), marks the most extensive effort to measure the health of the global economy since the outbreak of the financial crisis. Analyzing the WEO's projections, the Wolfensohn Center's Laurence Chandy, Geoffrey Gertz and Johannes Linn examine the countries and regions hit worst by the downturn and assess the lasting impact on the global economy. Read More

Research and Commentary

Save to My Portfolio Global Economic Crisis: Prosperity and Politics in Lebanon

Navtej Dhillon, Jad Chaaban, May 04, 2009

Navtej Dhillon speaks with Jad Chaaban, author of “The Costs of Youth Exclusion in the Middle East,” about the resilience of Lebanon’s economy during the global recession. With elections approaching, policymakers must protect recent fiscal gains, avoid debt increases, and ensure diverse jobs are available for Lebanon’s youthful electorate. An edited transcript follows. Read More

Research and Commentary

Save to My Portfolio Action on Aid: Steps Toward Making Aid More Effective

Homi Kharas, April 2009

World leaders at the G-20 London Summit and the World Bank and IMF spring meetings responded to the urgent needs of the world’s poorest countries impacted by the global economic crisis with new financial commitments and pledges. Homi Kharas argues that full recovery from the crisis and future successful development ultimately requires reducing aid volatility and enhancing aid flow coordination. Read More

Save to My Portfolio Youth Ambassador Think Tank: Building a Career in a Slumping Global Economy

While public sector jobs awaited previous generations of graduates in the Middle East, today’s young people are entering the labor market at a time of regional and global adjustment. The Middle East Youth Initiative spoke to its Youth Ambassadors in the region to hear how they are searching for jobs during this volatile time. Read more

About Us

The Wolfensohn Center for Development, in partnership with others, seeks effective solutions to key development challenges in order to create a more prosperous and stable world. The Center’s three main projects focus on Aid Effectiveness, Early Child Development, and Middle East Youth.

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Recent Research and Commentary

Iran The Many Crises of Iranian Youth

Navtej Dhillon, Daniel Egel, June 25, 2009

Iran How the Economy Plays into Iran's Turmoil

Djavad Salehi-Isfahani, June 24, 2009

Iran Iran's Election: Economic Fears and Discontents

Djavad Salehi-Isfahani, June 23, 2009

Developing Countries The Global Economic Crisis and Failed States

Homi Kharas, June 22, 2009

More Recent Research and Commentary »

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Spotlight

Research ProjectBudgeting for National Priorities

The Budgeting for National Priorities project promotes greater fiscal responsibility by developing new ideas, educating the public and finding common ground among experts and policy-makers.

Policy CenterCenter on the United States and Europe

The Center on the U.S. and Europe is dedicated to the study of Europe and U.S.-Europe relations. It involves American and European experts in an active program of research, analysis, and debate.

ExpertMartin Neil Baily

Martin Baily, a former chairman of the Council of Economic Advisers, focuses on issues of globalization, productivity and competitiveness, Social Security reform and U.S. economic policy.

ExpertSarah A. Binder

Sarah Binder is an expert on Congress and legislative politics.  She is completing a project on the politics of advice and consent, and is at work on the politics of how Congress responds to financial crises.

Policy CenterCenter on Children and Families

The Center on Children and Families studies policies on the well-being of America's children and their parents and seeks a more effective means of addressing poverty, inequality and lack of opportunity in the United States.

Policy CenterJohn L. Thornton China Center

The John L. Thornton China Center develops analysis and policy recommendations to help address key long-term challenges, both in terms of U.S.-China relations and China's internal development.

TopicEducation

The economic and political well-being of any democracy requires a well-educated citizenry. Brookings’s work has extended beyond the K-12 bookends to include pre-school interventions and issues in higher education. Experts are tackling fundamental issues on the role of education in the national and global economy.

ExpertVanda Felbab-Brown

Vanda Felbab-Brown focuses on the national security implications of illicit economies and strategies for managing them. She is a security studies professor at Georgetown University’s School of Foreign Service.

ProgramGovernance Studies

Governance Studies explores political institutions of the United States and other democracies to assess how they govern, how their practices compare and how citizens and public servants can advance sound governance.

ProgramMetropolitan Policy Program

Redefining the challenges facing metropolitan America and promoting innovative solutions to help communities grow in more inclusive, competitive and sustainable ways.

Research Project21st Century Defense Initiative

The 21st Century Defense Initiative produces cutting-edge research, analysis, and outreach that address some of the most critical issues facing leaders shaping defense policy in the coming century. The initiative focuses on three core issues: the future of war, the future of U.S. defense needs and priorities, and the future of the U.S. defense system

Research ProjectAfrica Growth Initiative

The Africa Growth Initiative conducts high-quality policy research and analysis focused on attaining sustainable economic development and prosperity in Africa, while amplifying the voice of African researchers in policy-making and planning.

TopicHealth Care

Brookings is committed to producing innovative policy solutions to our nation’s most difficult challenges. The country may face no more important domestic policy challenge than the much-needed reform of our health care system. Through an institution-wide effort, Brookings delivers new ideas and offers policy solutions to improve health care both at home and globally.

ExpertEswar Prasad

Eswar Prasad, who holds the New Century Chair in International Economics, is a senior fellow in Global Economy and Development. He is the Tolani Senior Professor of Trade Policy at Cornell University and was previously head of the Financial Studies Division and the China Division at the IMF.

ExpertRobert Puentes

Robert Puentes focuses on the broad array of policies and issues related to metropolitan growth and development. He is an expert on transportation and infrastructure, urban planning, growth management, suburban issues and housing.

TopicMigration

Migration is an issue that bridges Brookings’s expertise in domestic and foreign policy. In the United States, reforming immigration policy remains a subject of intense political debate. Globally, the unprecedented movement of people across borders raises issues in both industrialized countries and the developing world.