Typically, it doesn’t happen with a crash. Nope, more like a slow slide–until it’s too late to avoid a really bad economic picture that hurts millions of people. And at least someone is warning of the slide.
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "World Bank"
Wolfowitz’s “Greed Is Good” Defense
Posted on 02 May 2007.
How would you like to make about $200K to help alleviate poverty around the world? Turns out a lot of people like that deal–an astounding fact in today’s New York Times story that Paul Wolfowitz is using to justify his behavior in the on-going ethical controversy at The Bank. And this factoid underscores how poorly […]
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Will Dollar Decline Hurt Poor?
Posted on 08 April 2005.
The Financial Times reported yesterday on a World Bank report that warns that a steep, continued decline in the value of the dollar will hurt developing countries, which have built up large dollar reserves. According to the Bank’s 2005 Global Development Finance Repor, developing countries hold $1.6 trillion in foreign exchange reserves, 70 precent of […]
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Why Should the U.S. Run the World Bank?
Posted on 29 March 2005.
In the U.S., there has been a bit of reporting about the nomination of Paul Wolfowitz to be head of the World Bank. Certainly, it’s a bit baffling—okay, I’m being kind—that the guy who helped prosecute the Iraq war, which was hardly a big hit among the world community (never mind the fake “Coalition of […]
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