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1、 Resilience to Crisis: What have we learned?Duncan Green, Oxfam GBUNDESA Expert Group Meeting on Poverty EradicationAddis Ababa, September 2021Oxfams research on the economic crisis 12 country case studies, involving 2,500 individuals - variety of methods Desk review of other research by multilatera
2、ls and academic institutions Analysis of fiscal impact in low income countries All papers available at .uk/economiccrisis Channels of transmissionAug-08Jan-09Jun-09Jan-10Jun-10Jan-11FinanceTradeRemittancesInformal economyGovernment spending?Aid budgets?Regional generalisations (with health
3、warnings) East Asia: Manufactures trade and labour markets Africa & Pacific: Commodity exports and trade revenue Latin America: Both Eastern Europe: Financial contagion Central Asia: Remittances and trade with Russia South Asia: relatively insulated, Sri Lanka worst hit$-53$-12$-24$-43-60-50-40-
4、30-20-1002009-20082010-2008$ billionFiscal hole (exp. & rev.) Fiscal hole (revenue)Fiscal impacts in low income countriesFiscal impacts (contd) Budgets in 2021 are being cut on average by 0.2% of GDP Two-thirds of the countries for which social spending details are available (18 out of 24) are c
5、utting budget allocations in one or more of the priority social sectors of education, health, agriculture and social protection Education and social protection are particularly badly affected, with average spending levels in 2021 lower even than those in 2021 Adapted from Diane Elson, University of
6、EssexTransmissionImpact ResponseFinanceGender numbersGender normsCapital flightDevaluation Confidence Aid FDICredit squeeze Investment Asset pricesSupport for banksLoans from IFIs BorrowingConcessions for investorsProductionGender numbersGender norms (Export) demand Output Employment Enjoyment of ri
7、ghtsSubsidies for selected industriesLoosening labour lawsReproductionGender numbersGender norms Remittances Informal paid work Govt social expenditure Earnings Nutrition School attendance Unpaid work Informal paid work Social protectionEconomic SphereGendered impactsResilience to the crisis So far,
8、 countries and households have dealt better with the economic crisis than we expected Families have supported each other, shared food, information, money, kept children in school Many of those affected have not received formal support What are the limits of resilience for families and nations, in th
9、e context of ongoing shocks?Sources of resilience: pre- & post-crisis Social networks Friends, families, religious institutions, community organisations Economic structures Diversification vs. monodependence; financial integration; domestic resource mobilization; regional vs. global integration;
10、 access to natural resources Role of the state Fiscal space; effective bureaucracies; rule of law; strong agricultural and fishery sectors Social policies Essential services; social protection; automatic stabilisersPolicy implications and lessons Plan for crises before they occur Monitor real time impacts, at all levels Support local-level coping mechanisms (e.g. churches, asset sale/purchase, access to information, moral messaging) Gender matters (in al
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