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David Runnalls the Canadian writer and environment columnist, former Board member of IUCN-the World Conservation Union, and current Distinguished Fellow with IISD, has published an article in The Globe and Mail titled ‘Roasted, toasted, fried and grilled’: climate-change talk from an unlikely source ‘. Runnalls states “ This past little while has seen some statements from unlikely sources about the critical economic importance of dealing quickly with climate change. President Barack Obama led off the batting with his inaugural address, calling on Americans to take the lead in developing the technologies necessary for the emerging low-carbon economy. He pointed to the drought and Hurricane Sandy as the most recent evidence that our climate is changing for the worse. But the most startling statements came from the heads of those bastions of economic orthodoxy: the World Bank and the International Monetary Fund. …[head of the IMF Ms. Lagarde] said: “Unless we take action on climate change, future generations will be roasted, toasted, fried and grilled.” Jim Yong Kim, president of the World Bank, went so far as to insist that climate change be at the top of the Davos agenda, along with finance and growth, “because global warming imperils all of the development gains we have made.” …These statements are not from the head of Greenpeace or from David Suzuki. They come from the heads of the bulwarks of the international financial system. For years, the IMF has resisted straying into the realm of environment and finance, viewing it as a side issue best left to international environmental organizations. And while the World Bank has invested in low-carbon futures and has been active in climate talks, the issue has not been raised to the top of its agenda. Until now. Climate change as the main economic discussion point at the annual meeting of the rich and famous leaders of governments and multinational enterprises?”  Inspired by David Runnalls, The Globe and Mail ow.ly/hMwGA Image source CIGI ow.ly/hMwF2 Roasted, toasted, fried and grilled (February 27 2013)

David Runnalls the Canadian writer and environment columnist, former Board member of IUCN-the World Conservation Union, and current Distinguished Fellow with IISD, has published an article in The Globe and Mail titled ‘Roasted, toasted, fried and grilled’: climate-change talk from an unlikely source ‘. Runnalls states “ This past little while has seen some statements from unlikely sources about the critical economic importance of dealing quickly with climate change. President Barack Obama led off the batting with his inaugural address, calling on Americans to take the lead in developing the technologies necessary for the emerging low-carbon economy. He pointed to the drought and Hurricane Sandy as the most recent evidence that our climate is changing for the worse. But the most startling statements came from the heads of those bastions of economic orthodoxy: the World Bank and the International Monetary Fund. …[head of the IMF Ms. Lagarde] said: “Unless we take action on climate change, future generations will be roasted, toasted, fried and grilled.” Jim Yong Kim, president of the World Bank, went so far as to insist that climate change be at the top of the Davos agenda, along with finance and growth, “because global warming imperils all of the development gains we have made.” …These statements are not from the head of Greenpeace or from David Suzuki. They come from the heads of the bulwarks of the international financial system. For years, the IMF has resisted straying into the realm of environment and finance, viewing it as a side issue best left to international environmental organizations. And while the World Bank has invested in low-carbon futures and has been active in climate talks, the issue has not been raised to the top of its agenda. Until now. Climate change as the main economic discussion point at the annual meeting of the rich and famous leaders of governments and multinational enterprises?”

 

Inspired by David Runnalls, The Globe and Mail ow.ly/hMwGA Image source CIGI ow.ly/hMwF2

Justin Yifu Lin born as Zhengyi Lin the 60 year old Taiwanese economist and former Chief Economist and Senior Vice President of the World Bank has published an article on Project Syndicate titled ‘Industrialization’s Second Golden Age’. In the article Yifu Lin states “…Historically, except for a few oil-exporting economies, no country has ever become rich without industrializing. Thus, all eyes nowadays should be on our economies’ real sectors. Confronted by the global financial crisis that looms over Europe, political leaders around the world are waking up to a stark new reality: unless the developed countries stop relying excessively on financial deal-making and start to rebuild from the ground up, they will lose their current standard of living. The global community must look beyond the eurozone and sovereign-debt crises and pay attention to the opportunity of structural transformation in the developing world’s real sectors. By structural transformation, I mean the process by which countries climb the industrial ladder – their workforces move into higher value-added manufacturing sectors as their sources of production advance. …For developing countries to benefit fully from industrial upgrading in China and other large emerging-market economies, their governments must identify tradable industries that are consistent with their latent comparative advantage. They also must help private firms to resolve information, coordination, and externality issues in the process of industrial upgrading. …In short, the imminent golden age of industrialization in developing countries will help to create jobs and spur recovery in advanced countries. The benefits of this new era will be two-pronged: it will contribute to the achievement of the UN Millennium Development Goals – the plan to cut world poverty in half by 2015 – and also will help to drive a global recovery. Then, we may see a golden age for all.”  Inspired by Justin Yifu Lin, Project Syndicate ow.ly/gT0bU Image source Bdwgast ow.ly/gSZUZ We may see a golden age for all (January 25 2013)

Justin Yifu Lin born as Zhengyi Lin the 60 year old Taiwanese economist and former Chief Economist and Senior Vice President of the World Bank has published an article on Project Syndicate titled ‘Industrialization’s Second Golden Age’. In the article Yifu Lin states “…Historically, except for a few oil-exporting economies, no country has ever become rich without industrializing. Thus, all eyes nowadays should be on our economies’ real sectors. Confronted by the global financial crisis that looms over Europe, political leaders around the world are waking up to a stark new reality: unless the developed countries stop relying excessively on financial deal-making and start to rebuild from the ground up, they will lose their current standard of living. The global community must look beyond the eurozone and sovereign-debt crises and pay attention to the opportunity of structural transformation in the developing world’s real sectors. By structural transformation, I mean the process by which countries climb the industrial ladder – their workforces move into higher value-added manufacturing sectors as their sources of production advance. …For developing countries to benefit fully from industrial upgrading in China and other large emerging-market economies, their governments must identify tradable industries that are consistent with their latent comparative advantage. They also must help private firms to resolve information, coordination, and externality issues in the process of industrial upgrading. …In short, the imminent golden age of industrialization in developing countries will help to create jobs and spur recovery in advanced countries. The benefits of this new era will be two-pronged: it will contribute to the achievement of the UN Millennium Development Goals – the plan to cut world poverty in half by 2015 – and also will help to drive a global recovery. Then, we may see a golden age for all.”

 

Inspired by Justin Yifu Lin, Project Syndicate ow.ly/gT0bU Image source Bdwgast ow.ly/gSZUZ

Leadership should better reflect its membership (June 3rd) Leadership should better reflect its membership (June 3rd)

Christine Madeleine Odette Lagarde the 55 year old French Minister of Economic Affairs has been nominated with the support of UK and German governments as a possible successor to Dominique Strauss-Kahn following his resignation as Managing Director of the International Monetary Fund (IMF). Lagarde potentially also has support from the USA, along with many other EU nations. Despite 187 countries having representation on the IMF, there is a quota based voting system favoring the USA and EU, providing an unwritten convention that the USA nominates the president to the World Bank, and the EU nominates the managing director for the IMF. Although not an economist, Lagarde stated on her nomination “If I’m elected, I’ll bring all my expertise as a lawyer, a minister, a manager, and a woman”.

Inspired by Annie Lowrey http://ow.ly/55OFE image source MEDEF http://ow.ly/55OAE

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