December 10, 2008
Media Briefing: Ecuador's Debt Audit
Ecuador will announce a decision on December 15, 2008 regarding debt payment on approximately $3.8 billion in foreign debt. This comes after a 30-day grace period in which debt payments were suspended based on serious irregularities in the country’s debt history detailed in a 172-page final report by an independent Public Credit Audit Commission. If Ecuador defaults, it will be the first Latin America country to do so since Argentina in 2002.
November 18, 2008
Financial Turmoil and the "Solutions" -- Will it Help or Worsen the Effects on Developing Countries?
World leaders of the G-20 gathered in Washington to discuss solutions to the global financial crisis. Although the crisis originated in the deregulated financial markets of the developed countries, the impacts of the crisis - both in the financial sector and in the real economy - are spreading globally, including to many countries of the global South. Will the "solutions" discussed at the G-20 meeting help or hurt developing countries?Panelists Martin Khor, Director of the Third World Network and Mark Weisbrot, Co-Director of CEPR, discussed appropriate regulatory mechanisms that are needed to prevent another similar crisis, and steps governments can take to reduce the impacts in the real economy of the US recession on countries globally.
November 13, 2008
Media Briefing: Economists Question IMF's 'Firefighting' Abilities in Current Economic Crisis
As world leaders gather in Washington November 15, 2008, for a summit to address the global economic crisis, the International Monetary Fund is being touted as a "financial firefighter." However, the IMF's track record of the last 30 years casts serious doubts on that institution's ability to contain the financial meltdown. Rather than dousing flames, the IMF's prescriptions have often poured gasoline on economic fires in emerging nations, crippling long-term development. Should the IMF be designated as the lender of last resort, it must overhaul the structural adjustment policies that prevent many nations from providing basic services for their people.
CEPR Co-Director Mark Weisbrot joined Robert Weissman, Director of Essential Action, in a call with reporters that was moderated by Joanne Carter, Executive Director, RESULTS Educational Fund .
November 9, 2008
The Financial Crisis: How it Happened and What Needs to be Done
Dean Baker of CEPR and Martin Silver of USAction presented on the financial crisis at this year's Green Festival in DC.
November 6, 2008
US Economic Meltdown Made Simple
In early September 2008, U.S. financial leaders were saying "everything is fine." Weeks later, we were being told that unless Congress voted for a $700 billion bailout of Wall Street, the economic system was going to collapse. What really happened? It is important to realize that this was not some sort of unavoidable "natural disaster", but a human-created failure of public policy. Chuck Collins, director of IPS' program on Inequality and the Common Good, and Dean Baker, co-director of the Center for Economic and Policy Research, explained the basics and background of the financial crisis and gave a break down of the economic meltdown and its causes -- and what lies ahead in 2009.
October 10, 2008
Bolivia’s Democratic and Economic Changes
It has been almost three years since Evo Morales was elected president of Bolivia with a historically unprecedented mandate and began to implement political and economic changes long demanded by a majority of Bolivians. This event examined Bolivia’s economic and political changes, as well as the conflicts resulting from opposition to these changes.
October 9, 2008Global Financial Stability: What Role for the IMF?
Economists Dean Baker and Mark Weisbrot discussed the current economic crisis and considered the choice of the IMF as a future global finance regulator. The IMF's failure to provide advance warning of most of the major financial crises of the last 15 years and its record of suggesting inappropriate remedies after the fact raise serious questions about its ability to perform this function.
August 5, 2008
The Distribution of Bolivia’s Most Important Natural Resources and the Autonomy Conflicts<pclass="pageintro"> On August 10, Bolivian voters will participate in recall referenda that will determine whether the president, vice-president, and governors of Bolivia’s states will continue to serve in office. While polls suggest easy victories for President Evo Morales and Vice President Álvaro García Linera, some regional governors in the Eastern lowland states may face rejection. A number of Eastern lowland states, meanwhile, have recently held referenda on new “autonomy” measures, despite rulings from the electoral court declaring these votes to be illegal.
What role does the distribution of land and natural gas – Bolivia’s most important resources – play in the “autonomy” movements’ opposition to the Bolivian government’s policies?
The Center for Economic and Policy Research hosted a panel discussion that examined these questions and their centrality to Bolivia's political divide.
July 24, 2008
National Association of Letter Carriers' 66th Biennial Convention
Dean Baker was an invited speaker at the National Association of Letter Carriers' 66th Biennial Convention in Boston, MA. Also invited to address the convention were nationally recognized labor and civic leaders, including Boston Mayor Thomas Menino, Philip Bowyer, deputy general secretary, Union Network International, Reps. John Tierney and Michael Capuano, both (D-MA), John McHugh (R-NY) and Sen. Hillary Clinton (D-NY).
July 16, 2008
The Impact of IMF Policies on Developing Countries
CEPR Board member Robert Pollin delivered a plenary address as part of the RESULTS annual conference. RESULTS is a nonprofit grassroots advocacy organization committed to creating the political will to end hunger and the worst aspects of poverty.
June 24, 2008
Foreclosing on the American Dream: The Story Behind the Housing Market Collapse and Sub-Prime Mortgage Scandal
Sponsored by Democracy for Montgomery County (DFMC), CEPR Co-Director Dean Baker and Sarah Bloom Raskin, Maryland's Commissioner of Financial Regulation, discussed the lead-up to the current housing crisis from a macro- and micro-economic perspective.
June 12, 2008
Progressive Change in Latin America: Is the U.S. Media Getting the Story Right?
Mark Weisbrot traveled to the University of Wisconsin, Milwaukee to give a talk on the state of U.S. media reporting on Latin America. More information can be found here.
May 29, 2008
Latin America in the Post-Bush Era: What Can We Expect in the Next Phase of U.S.-Latin American Relations?
The United States' influence in Latin America has plummeted during the Bush Administration, as political and economic change has swept much of the region. The Council on Foreign Relations noted recently that "If there was an era of U.S. hegemony in Latin America, it is over." Alvaro Vargas Llosa, Senior Fellow and Director of the Center on Global Prosperity at the Independent Institute, and CEPR Co-Director Mark Weisbrot, recently discussed how the new U.S. President and Congress might deal with this new reality.
May 14, 2008
Latin America's Economic Prospects as the U.S. Economy Slows
The U.S. economy is facing what is possibly its worst recession in more than a quarter century, as an $8 trillion housing bubble continues to deflate and consumers pull back. The U.S. trade gap will probably continue to narrow, affecting U.S. trading partners, including Latin America. CEPR Co-Director Mark Weisbrot recently discussed these issues with Anne Krueger, professor of International Economics at the Johns Hopkins Paul H. Nitze School of Advanced International Studies (SAIS) in Washington, D.C. and former World Bank Chief Economist and First Deputy Managing Director of the International Monetary Fund.
April 23, 2008
Mark Weisbrot, Co-Director of CEPR, joined John Dinges, Professor of Journalism at Columbia University, for a "Table Talk Lunch Series" event at 12PM. This event was sponsored by the Office of the University Chaplain and the Council on Latin American Studies.
April 18, 2008
Low-Wage Work in Europe – Changing the Debate?
John Schmitt discussed his findings at a workshop in Amsterdam, presented by AIAS (Amsterdams Instituut voor Arbeids Studies). The study was cooperatively undertaken by five European research institutions, and initiated and generously funded by the Russell Sage Foundation, New York.