Press Advisory

ADVISORY: After the Meltdown

Advancing Living Standards round the Globe in the Wake of the Financial Crisis

Friday, December 12, 2008 9:30am to 11:00am

WASHINGTON, DC—The global meltdown has brought home the interconnectedness of the world’s finance and trading systems. Failing financial institutions, frozen credit, volatile stock markets, mounting job losses, and painful cuts in wages are impacting the lives of struggling citizens worldwide.

Combined with growing skepticism about globalization, President-elect Barack Obama faces a challenging backdrop to the formulation of his international economic policy. The incoming administration will need to determine the level and objectives of development assistance, trade priorities, an approach to reform of international financial institutions, and a strategy to advance the Decent Work Agenda. Ideally these must be knitted together into an integrated economic policy. The new administration must also work together with progressive partners at home and abroad to address these daunting challenges, drive economic recovery, and strengthen the world economy’s virtuous circle of mutually reinforcing gains in living standards.

Discussing these issues, UNDP Secretary General Kemal Dervis and ILO Director-General Juan Somavia will join CAP’s Senior Fellow and World Economic Forum Managing Director, Richard Samans.

CAP is grateful to the Heinrich Böll Foundation for their support of this event.

Featured Speakers:

Kemal Dervis, Secretary General, United Nations Development Programme

Juan Somavia, Director-General, International Labour Organization

Richard Samans, Senior Fellow, Center for American Progress; Managing Director, World Economic Forum

A light breakfast will be served at 8:30 a.m.

Click here to RSVP for this event


Center for American Progress 1333 H St. NW, 10th Floor Washington, DC 20005

Map & Directions

Nearest Metro: Blue/Orange Line to McPherson Square or Red Line to Metro Center