Read all posts for ‘financial crisis’

The third in a series of Future Challenges Readers is published! “Help Wanted” covers the topic of unemployment, a plague sickening many of the world’s largest economies. The subject requires us to think about demographic change (Who should be working? For how long?), education (How do we train a workforce that […]

When the financial crisis hit the Western world, a saying spread throughout Macedonia: ‘We can’t be hit by the crisis, we’re always in crisis’ This was very true at the time. The financial crisis of 2007-2008 brought the collapse of powerful financial institutions and caused a downward spiral in the […]

With ever-stronger bonds across borders and oceans, an economic crisis in one part of the world is bound to impact others. How can we ensure that our growing connectivity makes each of us stronger and more resilient to crises?

In early 2008 preceding the American economic crisis, former Mexican Treasury Secretary Agustín Carstens stated that the effects of such a recession on the Mexican economy would be “a simple flu rather than a pneumonia.” It only took a few months to prove how wrong he was. The deep interconnection […]

This article was originally drafted by Fernando Prada and the FORO Nacional Internacional for  the newsletter “Agenda Suramerica” as part of the Rockefeller Foundation’s Searchlight Process. For more Searchlight content on futurechallenges.org, please click here. A recent survey of National Development Banks (NDBs) —state-owned financial institutions set out to foster economic development and social development as part […]