Maintaining the Positive Momentum of the Global Economy

Source: Maintaining the Positive Momentum of the Global Economy

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Maintaining the Positive Momentum of the Global Economy

IMHO

iMFdirect - The IMF Blog

Lagarde.2015MDPORTRAIT4_114x128By Christine Lagarde

Versions in: عربي (Arabic), Français (French), and Deutsch (German)

Baden-Baden, the German spa town built on ancient thermal springs, is a fitting venue to discuss the health of the global economy during this week’s meeting of the Group of Twenty finance ministers and central bank governors.

Policymakers will likely share a sense of growing optimism, because the recent strengthening of activity suggests that the world economy may finally snap out of its multi-year convalescence. 

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A study on the new metrics…

iMFdirect - The IMF Blog

by Laura Kodres

Despite a host of reforms in the right direction, the financial structures that were in place before the global crisis have not actually changed that much, and they need to if the global financial system is to become a safer place.

Although the intentions of policymakers are clear and positive, the system remains precarious.

Our new study presents an interim report card on progress toward a safer financial system. Overall, there is still a long way to go.

How we measure progress

In our study, we first tried to pay attention to those features of financial systems related to the crisis—the large dominant, highly interconnected institutions, the heavy role of nonbanks, and the development of complex financial products for instance—features that need to be addressed in some way.

To do this we needed to construct measures of these features in a way that would allow us…

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G20; Happy Mother’s Day

President Obama

Image

 

 

 

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Development Strategy

Apple and Foxconn reportedly they shared labor cost to upgrade their employees.

Virtual labor???

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Lurking in the Shadows—The Risks from Nonbank Intermediation in China

Lurking in the Shadows—The Risks from Nonbank Intermediation in China.

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Thai Immigration All Is Local: Forming Policies

A look at policy as a successful immigrant integration role in the receiving community. The receiving community is located in Tennessee, USA. In 2006, the TIRRC (Tennessee Immigrant and Refugee Rights Coalition) started a pilot program with two communities. The newcomers were from Kurds (from Northern Iraq), Somalis, and Sudanese and the local native borne population not accustomed to hearing foreign languages or to seeing immigrants in their daily lives. The policy of inclusion rather than isolationism was chosen.(Jones-Correa, 2011)

Direct contact between the newcomers and the local native population over 5 years begin to have results. Through the means of billboards on Tennessee highways, to letters to the editor in local papers, to church bulletin advertisements. This leads to a framework model based on the local and national levels such as nonprofit, civic, religious, philanthropic, business, and government entities as well as elected officials.

Direct contact between the newcomers and the local native population over 5 years begin to have results. Through the means of billboards on Tennessee highways, to letters to the editor in local papers, to church bulletin advertisements. This leads to a framework model based on the local and national levels such as nonprofit, civic, religious, philanthropic, business, and government entities as well as elected officials.

Strategies suggested include four keys. Number one is encouraging local leadership. Number two is fostering contact between immigrants and the native borne. Number three is building partnerships between state and local government and new residents. Finally, reframing the issues to counter misconceptions about immigrants.

Policies recommendation are recommended on a multi-level of government and civil society. First, in the absence of immigration reforms it is essential that the federal government be involved in mitigated immigration. Second, the State and the locale governments should expanded not contract its immigration affairs because it is the only line for local integration. Third, Nongovernmental actors have always been a significant role in providing aid to immigrate community and the local native borne population. Finally, Funders and foundations need to expand their efforts among native populations to provide a more balanced approach.

In conclusion, the framework, the strategies, and policies recommendation lies a point of balance in the time of budget cutbacks. The time for all actors to stay involved is critical not cutting back.

References

Jones-Correa, M. (2011) All Immigration is Local, Center for American Progress

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