Monday, May 18, 2009

[IWS] ADB: [Book] TAKING THE HELM [Pacific Nations & Global Crisis] [April 2009]

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations
-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor
---------------------- Stuart Basefsky
New York, NY 10016
-------------------------------Director, IWS News Bureau
________________________________________________________________________

Asian Development Bank (ADB)
Pacific Studies Series

Taking the Helm: A Policy Brief on a Response to the Global Economic Crisis [April 2009]
http://www.adb.org/Documents/Briefs/Taking-the-Helm/default.asp
or
http://www.adb.org/Documents/Briefs/Taking-the-Helm/Taking-the-Helm.pdf
[full-text, 62 pages]

The global financial and economic crisis has hit the Pacific. The region's economy is now slowing down and conditions are expected to remain difficult over 2010 and into 2011. This policy brief looks at the challenges created by the global crisis. The aim is to help decision makers "take the helm" in finding a way through these difficult economic times. It looks for the key questions that need to be asked, and seeks to provides some guidance on sensible answers.

CONTENTS
FOREWORD v
SUMMARY 1
THE GLOBAL STORM HAS HIT 5
The overall impact 5
More on the impacts 7
Implications for the Pacific 10
SETTING A COURSE 14
AT THE WHEEL 20
Policy formulation 21
Monetary policy 22
Exchange rate management 24
Fiscal policy 25
Structural policy 27
Social protection 30
STAYING ON COURSE 32
ANNEX 1: THE BACKDROP 36
ANNEX 2: THOUGHTS ON A FISCAL STIMULUS 43
REFERENCES 54

Press Release  2 May 2009
Pacific Can 'Take The Helm' in Responding to Crisis, Says Study
http://www.adb.org/Media/Articles/2009/12874-adb-annual-meetings/

BALI, INDONESIA - Pacific island nations need to respond pro-actively to the global economic crisis, says a new book released by the Asian Development Bank (ADB).

The book, titled Taking the Helm - A Policy Brief on a Response to the Global Economic Crisis, looks at the challenges faced by 14 nations in the Pacific.

AND MORE....

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****************************************
Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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