CFR.org’s New Multimedia Guide Illustrates Causes and Consequences of Global Economic Crisis

June 30, 2009

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The Council on Foreign Relations (CFR) has produced a new online multimedia feature, Crisis Guide: The Global Economy, the latest installment in CFR.org’s Emmy Award-winning Crisis Guide series. Using a comprehensive array of audio, video, imagery, and text, the guide addresses the causes and consequences of the global economic crisis with rigorous economic and geopolitical analysis. Drawing on insights from leading thinkers on economics and international affairs, it also seeks to shed light on the policy implications of the crisis, and courses of action that could be taken to ameliorate it.

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This Crisis Guide was produced in consultation with experts from CFR and other institutions. The guide includes:

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·   A cinematic overview that frames the crisis, with remarks from world leaders and analysis from financial experts such as CFR’s Sebastian Mallaby, Benn Steil, and Roger M. Kubarych.

·   Four innovative Google motion charts, each illustrating a statistical trend underpinning the crisis, narrated by CFR’s Brad W. Setser. The first chart tracks the correlation of rising U.S. housing prices and the spike in U.S. household debt. The second follows the health, size, and debt levels of major financial institutions over time. The third Google motion chart traces the rise of global trade imbalances among the world’s major economies. The fourth follows recent shifts in economic clout among the global economy. All four charts are customizable, allowing users to interact with the data and explore each trend in more detail.

·   Three in-depth photographic timelines plotting significant trends in the global economy. One timeline starts with the U.S. housing downturn and follows its spread across the globe; the second provides a history of U.S. financial regulation; and the third offers a survey of modern economic thought, beginning with Adam Smith.

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·   Twenty-three video clips providing expert analysis of how the crisis unfolded and its policy implications moving forward, given by economists and historians such as CFR’s Jagdish N. Bhagwati and Amity Shlaes.

·   An interactive map examining the long-term consequences of the crisis for the global financial system, accompanied by video narration by CFR’s global governance expert Stewart M. Patrick. This chapter also provides a region-by-region analysis, and a look at the  implications of the crisis for international financial institutions.

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·   A thorough list of resources offering links to more than sixty international agreements, statements, reports, and speeches, as well as links to experts and organizations focused on international economics.

Crisis Guides, CFR.org’s interactive, award-winning franchise, seek to bring context and historical perspective to the world’s most complex issues. Produced with MediaStorm, the series also includes “Crisis Guide: Climate Change,” which investigates climate change’s global impact and policy options for addressing it, “Crisis Guide: The Israeli-Palestinian Conflict,” which offers an in-depth look at the history of the conflict and its geopolitical repercussions, “Crisis Guide: The Korean Peninsula,” which examines the standoff between the two Koreas, and “Crisis Guide: Darfur,” which illustrates the tragedy in Sudan’s Darfur region.

Crisis Guides, CFR.org’s interactive, award-winning franchise, seek to bring context and historical perspective to the world’s most complex issues. Produced with MediaStorm.org, the series also includes , which investigates climate change’s global impact, and policy options for addressing it, , which offers an in-depth look at the history of the conflict and its geopolitical repercussions, , which looks at the standoff between the two Koreas, and , which looks at the tragedy in Sudan’s Darfur region.

Crisis Guide: The Global Economy is available at: www.cfr.org/economyguide

The Council on Foreign Relations is an independent, nonpartisan membership organization, think tank, and publisher dedicated to being a resource for its members, government officials, business executives,  journalists, educators and students, civic and religious leaders, and other interested citizens in order to help them better understand the world and the foreign policy choices facing the United States and other countries.

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