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[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]




The Global Economic Crisis

Menzie Chinn (December 15th, 2008) Writes:

Here's the video from a panel convened by the University of Wisconsin's Center on World Affairs and the Global Economy (WAGE) on November 20, 2008. Presenting were Alison Alter, Associate Director of WAGE; Mark J. Ready, Professor of Finance, Investment and Banking; Darian M. Ibrahim, J.D., Assistant Professor of Law; Menzie D. Chinn, Professor of Public Affairs and Economics; and Mark S. Copelovitch, Assistant Professor of Political Science and Public Affairs, and Edward Friedman, Professor of Political Science.

My powerpoint presentation was posted here if one just wants the slides.

The Global Economic Crisis: Propagation to the Rest of the World

Menzie Chinn (November 22nd, 2008) Writes:

Last Thursday, I had the opportunity to participate in a panel on Global Economic Crisis: The Untold Stories, sponsored by the Center for World Affairs and the Global Economy (WAGE). I was tasked with surveying the impact on the economy outside the borders of the United States -- in 20 minutes.

Here's the link to my presentation, but I reproduce one of the key slides here:

exports1.gif Figure 1: Growth rates of real goods and services exports (y/y), by country group. Source: IMF, WEO Oct. 2008 database; Nov. 6 WEO update.

What's of greatest interest to me is how rapidly estimates of emerging market and LDC export growth were revised downward, going from the October to November projections. This only reinforces my view that the US slowdown will have a disproportionate impact on world trade given the drastic change in the role of the

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