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This week's In the News examines mounting concern for economic well-being around the world. The ten resources discussed provide background information on the global economy, current international market news, and developments in US, IMF, and World Bank reform efforts. In order to curb economic crises in Asia, Russia, and Latin America (reviewed in the September 24, 1998 Scout Report for Business & Economics), President Clinton called for international economic reform at the International Monetary Fund annual meeting, Tuesday, October 6, 1998. According to Clinton, "the global economy simply cannot live with the kinds of vast and systemic disruptions that have occurred in the past year." Disputes among IMF and World Bank officials, however, threaten to undermine relief efforts for struggling economies. Without the monetary support of these and other global lenders, many market watchers expect investor panic to grow world-wide.
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Alternate Title In the News: Global Financial Crisis?
Date Issued 1998
Scout Publication
Date of Scout Publication 1998-10-08
Archived Scout Publication URL

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