The unfolding Global Financial Crisis (GFC) in 2008, while caused by the collapse of the financial system, also presented an opportunity to apply the lessons learned in the late 1990s. The crisis was a roller coaster ride and provided a front row seat to what happens when too much debt and fraud overwhelms the financial system. A conference in Switzerland on African trade opportunities in 2008 was disrupted by the crisis as participants received frantic calls from London and New York and grabbed their bags and fled. Later that year I joined Associated Press foreign correspondent Jill Lawless in Reykjavik, Iceland as demonstrations erupted resulting from the collapse of the country’s banks.
Learn more about the demonstrations and why they occurred (and find links to Jill Lawless’ on-the-ground reports from the demonstrations and the crisis) here: https://en.wikipedia.org/wiki/2009_Icelandic_financial_crisis_protests
By VALUR GUNNARSSON and JILL LAWLESS – Jan 22, 2009
Crisis response media from David South Consulting:
More on the Global Financial Crisis response: A Report from the UN Conference on the Social and Political Dimensions of the Global Crisis: Implications for Developing Countries (12-13 November 2009)
This work is licensed under a Creative Commons Attribution 4.0 International License.
ORCID iD: https://orcid.org/0000-0001-5311-1052.
© David South Consulting 2021