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Reinforcing Governance

Perspectives on Development, Poverty and Global Crises – RISC 2010

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Edited By Julia Affolderbach, Travis Du Bry, Olga L. Gonzalez and Constanza Parra

Throughout the world, development policies have made great strides in addressing the structural inequalities that have traditionally characterized and divided world regions. Nonetheless, many development challenges remain, in part because effective governance strategies are still evolving in local, national and international development systems. The global economic crisis of 2008-2009 highlighted this fact as world leaders publicly declared the need for new forms of governance and economic regulation. This book examines poverty and development within the framework of recent global crises and governance, with contributions from keynote panels at the 2010 Conference of the Consortium for Regional Integration and Social Cohesion, which focused in particular on concepts of fragility, development, vulnerability and democracy.

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Key Events in 2010. Highlighting Fragility in Governance Structures 29 (Jill Eriksson)

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29 Key Events in 2010 Highlighting Fragility in Governance Structures Jill ERIKSSON University of Luxembourg The year 2010 scarcely missed an opportunity for a crisis that shook both developed and developing countries. The dominant issue in devel- oped countries throughout 2010 was the aftershock of the financial crisis of 2008-2009 that continued to make future financial stability look uncertain. Both Europe and the United States were also hit by environ- mental disasters, as evidenced by the BP oil spill in the Gulf of Mexico and Iceland’s erupting volcano that proved how dependent even the world’s richest economies are on the environment. In the developing world, millions of people experienced the full security impact of envi- ronmental disasters as manifested by the earthquakes in Haiti, Chile, and Indonesia, as well as massive floods in Pakistan and water and food shortages in West Africa, all of which led to massive displacements throughout the year. This chapter examines several events by utilizing the concept of fragility as an analytical tool to highlight the interconnec- tions between governance deficits (including weak leadership, poor state capacity, power struggles, and democratic deficit), legitimacy concerns (including fraught state-society relations and perilous economic condi- tions), and disaster risk reduction and mitigation mechanisms. It takes a closer look at international efforts in response to different crises that occurred in 2010, arguing that they did not substantially improve mat- ters within the year, especially in the realm of financial regulatory reforms and climate change. The chapter concludes with a discussion...

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