Event: The Credit Crunch

Graham Turner in conversation with economics editor for The Guardian Larry Elliot

Thursday, September 11, 2008, 6:30pm - 8:00pm
Waterstone's, 82 Gower St

Something else for your diary. I will review this book and raise some questions concerning the credit crunch and global economy post event. For now here is a brief outline of book and event for any body interested to check it out or come along:

This book argues that the current financial turmoil signals a crisis in globalisation that will directly challenge the free market economic model. Graham Turner claims to show that the housing bubbles in the West were deliberately created to mask the damage inflicted by companies shifting production abroad in an attempt to boost profits. As these bubbles burst, economic growth in many developed countries will inevitably tumble he says. The Japanese crisis of the 1990s shows that banks and governments may struggle to contain the fallout he argues, stating that the problem has not been limited to the US, UK and Europe but that housing bubbles have become endemic across wide swathes of emerging market economies. As the West slides, Elliot says, these countries will see an implosion of their credit bubbles too, shaking their faith in the free market.

Turner is an economic forecaster, who founded and runs an independent financial and economic consultancy - GFC Economics (See link below).

Graham will be discussing and signing his new book with Larry Elliot of The Guardian

Tickets £2 redeemable against the price of the book

Links:

Book
http://www.plutobooks.com/cgi-local/nplutobrows.pl?chkisbn=9780745328102&main=

GFC Economics
http://www.gfceconomics.com/index.html

Event: Beyond Microfinance:

"The Next Frontier For Sustainable Poverty Alleviation"

Rosalind Copisarow
Chair of the Board, Global Village Energy Partnership; former Chief Executive, International Development Enterprises.

18th September, 6.30-8pm. DFID, 1 Palace Street, London SW1E 5HE

Presentation
When micro-finance first started, enabling ‘access to finance’ was considered virtually automatically to lead to ‘poverty alleviation’. Over time, however, the many important innovations increasing access to finance have not translated into the same levels of poverty alleviation. More importantly, the vast majority of the world’s unbanked will remain below the reach of MFIs unless an integrated package of support is made available to them. In her presentation, Rosalind will provide examples of organizations that have successfully combined micro-finance with other support tools and show how this approach could well be the next big breakthrough towards eliminating global poverty.

Speaker
After 15 years in investment banking with Citigroup, HSBC and JP Morgan, followed by 13 years in micro-finance largely pioneering cutting edge products and models of delivery, Rosalind is now on her third career, most recently as Chief Executive of International Development Enterprises (IDE). She is applying her business and financial skills and passion for working with micro-entrepreneurs to the service of the 2 billion people either below the reach of MFIs or for whom micro-finance is inadequate as a stand-alone tool to help them out of poverty. A serial social entrepreneur, Rosalind is now starting her fourth social enterprise, to be based in the UK, having founded and led three microfinance-related organizations: Fundusz Mikro in Poland, Street UK and the Microfinance Centre for Central and Eastern Europe. Rosalind has written a number of publications, perhaps the most influential of which, “Self-Employed People in the Informal Economy: Cheats or Contributors?” (2004), offers a secure platform for the transition of UK micro-entrepreneurs into the formal economy. Rosalind holds a BA in Human Sciences from Oxford University, an MBA from the Wharton School and an MA in Latin American studies and Spanish from the University of Pennsylvania. In 2000, she was awarded the Officer’s Cross of the Order of Merit of Poland.

Information about Rosalind’s new social enterprise which packages modular kits to build decent homes with home-based income-generating opportunities and microfinance
The organization will operate in the areas of overlap between the housing, renewable energy, water and sanitation, micro-enterprise development and micro-finance sectors. Its objective is to improve the living conditions of the 2 billion people currently inhabiting shacks without water, sanitation or power, in such a way that it also builds their short term income and long term assets, leaves the lightest possible ecological footprint, and insulates them as much as possible against major political and economic risks likely to directly affect them.

Attendance:
If you are interested to attend, please register online at London Microfinance Club's site by filling in their online attendance form (No later than 10am on Friday, 12th September 2008).

http://www.microfinanceclubuk.co.uk/