Ann spearheaded the Jubilee 2000 campaign to cancel $100bn of debt owed by 42 poor nations. She was also one of the first to predict the credit crunch, in 2003. Ann now believes that Obama’s administration has failed to learn from the 1930s (and Japan in the 90s), which show the need for a carefully sequenced adjusting of monetary policy, debt management and fiscal policy.
Ann Pettifor is best known for her leadership of Jubilee 2000 - a worldwide campaign to cancel approximately $100 billion of debts owed by 42 of the poorest countries. She was also one of the first to predict the credit crunch in her 2003 book, The Real World Economic Outlook.
Ann’s consultancy undertakes research and advises on international finance and sustainable development. They have worked with numerous NGOs, the Global Fund for Aids, the British, Nigerian, Guyanese, Ethiopian and Norwegian governments, and the Queen of Jordan.
Despite some signs of economic recovery, Ann believes that many Western economies have failed to learn from the 1930s (and Japan in the 90s). She maintains that the lesson of these recessions is the need for a carefully sequenced adjusting of monetary policy, debt management and fiscal policy. Until private output fully returns, there should be still greater public spending.
Ann is co-author of the Green New Deal - a set of policies to deal with the threats posed by credit crunch, ‘peak oil’ and climate change. As well as an economic outlook, she also considers the economics of sustainability and desperate need for long-term strategies within businesses and government. She contributes regularly to the Huffington Post, and is now advising a group of churches on their own climate campaign, Operation Noah.
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