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Debate on Financial & Economic Crisis
 admin April 23, 2010, 08:59:11 AM 

“The ‘financial crisis’ is not confined only to the United States.  As economic turmoil spreads to global markets, world leaders are reacting to the U.S. “bailout plan”.  Stock markets around the world have plummeted and fears of a global recession.

Question: Do you think that the financial crisis is spreading rapidly to the previously resilient developing world?

Pointer 1: Global trade is forecast to shrink in 2009 for the first time since 1982

Pointer 2: Foreign investment and short-term credit are drying up

Pointer 3: Developing country exports are falling; large amounts of capital have been withdrawn

 

Question: Why Many developing countries face sharply tighter credit and higher interest rates?

Pointer 1: GDP growth in developing countries is expected to fall to 4.5% from a projected 6.4%

Pointer 2: Private capital flows are expected to drop from $1 trillion in 2007 to $530 billion in 2009

Pointer 3: Remittances that workers send to home countries are projected to decline

 

Question: What is the reason that Before the financial crisis hit, many countries were already suffering a food and fuel crisis?

Pointer 1:100 million people have fallen into extreme poverty, according to Bank estimates

Pointer 2: Another 44 million children are malnourished

Pointer 3: Measures to offset rising prices have left many countries fiscally vulnerable

 

Question: How Poor and middle-income countries are helped to limit the damage and prepare for recovery.

Pointer 1: Drawing on international assistance where necessary

Pointer: 2 Investing in infrastructure and safety nets

Pointer 3: Continuing to improve their business climate and attract investors

 

Question: Do the Global problems call for multilateral solutions?

 

Pointer 1: Leaders need to craft policies that bring more countries into the economic mainstream

Pointer 2: Opportunities and responsibilities for the new global economy must be shared

Pointer 3: The international community needs to look beyond financial rescue to the human side of the crisis

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