Implications Of The Global Economic Crisis For Africa. World Economic Forum On Africa

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World Economic Forum on Africa, Cape Town, South Africa, 10-12 June 2009  Implications of the Global Economic Crisis for Africa

While the London G20 Summit represented a step towards a more inclusive global governance system, further institutional reforms are badly needed to ensure the interests of low-income countries are adequately represented, according to national leaders and other participants gathered at this year’s World Economic Forum on Africa in Cape Town. They urged the major industrialized countries to accept long-stalled changes in the governing structures of the IMF and the World Bank. “A critical lesson from the current crisis is the need for a transformed global financial system,” Jacob Zuma, President of South Africa, said in his opening address.
 

Roadmap to Africa 

Global Shifts, Regional Effects

Macroeconomic Shifts in the Global Agenda, Economic Crisis, Impact on Africa

Drivers of the Economy

Economic Priorities and Business Environment

Change Leadership

New Leaders, New Governments and Leadership Values

Collaboration across Borders

Forging New Geopolitical Relationships and Sharing Infrastructure Priorities

Growth through Innovation

Technological Developments: New Solutions to Old Problems

 

Highlights from  Wednesday 10  Thursday 11/Friday 12 

Global Risks 2009. World Economic Forum

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Global Risks 2009 identifies deteriorating fiscal positions, a hard landing in China, a collapse in asset prices, gaps in global governance and issues relating to natural resources and climate as the pivotal risks facing the world this year.

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Video interview  with Sheana Tambourgi, Head of the World Economic Forum's Global Risk Network

World Economic Forum...Europe @ Risk Report

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World Economic Forum’s Latest Report Focuses on How Financial Turmoil Will Affect Real Economy
Source: World Economic Forum

The World Economic Forum’s Global Risk Network launched today a new edition of its Europe@Risk report, which is published ahead of the World Economic Forum on Europe and Central Asia (Istanbul, Turkey, 30 October - 1 November 2008). The report examines the global risks most pertinent to Europe, Russia, Eastern Europe, Turkey and Central Asia.

The current financial crisis will have profound effects on the region and its consequences on the real economy are still unfolding. As the report was being prepared, the financial crisis that began in 2007 reached a critical point. Banks on both sides of the Atlantic were bailed out and rescue plans for the financial sector were put in place all over Europe.

The report highlights that the contagion effects of the financial meltdown will affect the real economy of the region. In Western Europe, growth prospects are being revised downwards, industrial production is decreasing in several countries and unemployment is likely to increase. In Central Asia, countries which have high levels of financing through international capital markets will be more vulnerable to the global financial turmoil.

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Environmental Performance Index 2008

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Environmental Performance Index 2008
Source: Yale University and Columbia University
From media information:

The 2008 Environmental Performance Index (EPI) was launched today at the World Economic Forum in Davos, Switzerland. The Index, produced by a team of environmental experts at Yale University and Columbia University, found that Switzerland tops the global list of countries ranked by environmental performance.

The 2008 EPI ranks 149 countries on 25 indicators tracked across six established policy categories: Environmental Health, Air Pollution, Water Resources, Biodiversity and Habitat, Productive Natural Resources, and Climate Change. The EPI identifies broadly-accepted targets for environmental performance and measures how close each country comes to these goals.

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+ EPI 2008 Data File (.xls)
+ EPI 2008 Rankings (PDF; 437 KB)

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Relations Between Islam And The West: World Economic Forum

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World Economic Forum Report Ranks Islam and West Relations
Source: World Economic Forum

The World Economic Forum, in collaboration with Georgetown University, launched today the Islam and the West: Annual Report on the State of Dialogue. This first of its kind report is a systematic and thorough overview of how Muslim and Western societies perceive and relate to each other at the political, social, economic and cultural levels.

The report which is the result of in-depth research carried out by leading academics and experts in the field, finds that majorities in populations around the world believe that violent conflict between the West and the Muslim world can be avoided, but they also share a great deal of pessimism about the state of the relationship.

Among both Muslim majority and non-Muslim majority nations, the proportion who say they think the “other side” is committed to better relations rarely rises above a minority of 30%. Notwithstanding the prevalent sense of scepticism, majorities of residents in nations around the world say that better interaction between the Muslim and Western worlds is important to them.

The report features a Gallup Muslim-West Dialogue Index, which is a ranking of countries based on citizens’ degree of optimism about the state of relations between the West and the Muslim world. The Report also presents an analysis of the portrayal of Islam and the West in newspapers and television across 24 countries by Media Tenor; and a survey by Georgetown University of international, national and local efforts to improve Muslim-West relations.

An important finding of the report is the emergence of citizenship and integration as the second most powerful shaper of the state of dialogue after international politics.

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2008: Highest Levels Of Political And Economic Uncertainty For A Decade

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2008: Highest levels of political and economic uncertainty for a decade
Source: World Economic Forum

The World Economic Forum released today Global Risks 2008, which highlights the need for new thinking and concerted action on a number of problems. The report expresses fears that the current liquidity crunch will spark a US recession in the next 12 months and calls for new thinking on systemic financial risk in response to the revolution in financial markets over the last two decades. It also recommends a set of principles for country risk management and examines how the financial sector might take on an increasingly important role in risk transfer in the future.

The report also warns that food security will become an increasingly complex political and economic problem over the next few years, with issues of equity and trade-offs between security and other issues making the design of global policy both difficult and necessary. Greater cooperation on managing vulnerabilities associated with cross-border supply chains and concentrations of production may also be needed. Finally, with the dollar price of oil at record highs, the report recommends an improved approach to securing viable energy supplies in the years ahead.

Global Risks 2008, published in cooperation with Citigroup, Marsh & McLennan Companies, Swiss Re, the Wharton School Risk Center and Zurich Financial Services, highlights key areas of risk that will be a focus of discussions by business leaders and public policy-makers at the World Economic Forum Annual Meeting in Davos later this month.

The report is based on input from a network of more than 100 top business leaders, decision-makers, scientists and other leading academics convened throughout 2007 as part of the World Economic Forum’s Global Risk Network. The topics identified in the report will be at the core of the agenda for the Annual Meeting.

+ Global Risks 2008 (PDF; 1.6 MB)

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World Economic Forum: YouTube Channel

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World Economic Forum: YouTube channel contains videos from World Economic Forum (WEF) events from the past few years. Videos range from short interviews lasting less than five minutes to longer videos featuring whole sessions up to two hours in length. Topics covered include leadership, climate change, the rise of China, globalization and regular WEF events from their annual meeting in Davos. Featured speakers include Kofi Annan, Vladimir Putin, Condoleezza Rice and a selection of global business leaders. Viewing YouTube videos requires a Flash based video plugin. From Intute.ac.uk
http://uk.youtube.com/profile?user=WorldEconomicForum