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A World of Trouble, the sequel
Special Report: It's still ugly out there.
BOSTON — As the global economic meltdown deepened two months ago, we wondered how the crisis was playing out — on the ground and in real time — in all corners of the world.
So we set loose 20 correspondents in 20 countries — from high-fliers China and India, to economic powerhouses Japan and Brazil, to struggling economies across Europe, Africa and the Middle East. They came back with this depressing picture.
But much has happened since then: President Barack Obama signed into law a $787 billion stimulus and announced plans to fix the troubled U.S. financial system. Other governments threw additional money at the problem. Meanwhile, leaders at the G20 summit in London agreed to regulate the global economy more closely, and to give the International Monetary Fund $1 trillion to fight the crisis.
So have things changed? What's the unemployment situation? Are the stimulus plans working? Has the U.S. economic model become the world's villain? And, because we still have hope, are there any new rays of sunshine?
The latest results are in. And while some economies have stabilized a bit, it's ugly out there. And yes, it's still very much a World of Trouble. Here's the nitty gritty:
Recent on Commerce:
Looking sexy to sell nuts in Taiwan
Jonathan Adams - China and its neighbors - February 9, 2010 06:43 ET
Photo essay: In Taiwan, fetching young women in outrageous outfits sell betel nuts. Is this a tourist draw, or national shame?
India: The farmer's unhappy wives
Hanna Ingber Win - India - February 8, 2010 13:30 ET
Indian widows struggle mightily after a rash of farmer suicides.
Chickens: made in Brazil, sold in Iraq
Seth Kugel - Brazil - February 8, 2010 06:51 ET
Brazil's exports to Iraq have exploded in the last year and poultry is leading the charge.
Greek prime minister fights "credibility deficit"
Nicole Itano - Europe - February 8, 2010 06:40 ET
George Papandreou has stuck by his pledge to increase transparency despite economic woes.
Chile safeguards its food export success
Lezak Shallat - Chile - February 7, 2010 09:18 ET
Traveling to Chile? Don't even think about sneaking in an apple and cheese.
Can Toyota Digg its way out of recall crisis?
Thomas Mucha - Commerce - February 7, 2010 09:07 ET
The reeling Japanese automaker turns from old school PR to new media.
Opinion: Africa needs free market economies
Marian Tupy - Worldview - February 6, 2010 11:51 ET
Gates money for vaccines will help Africa's children, but better economic policies will help them more.
On Location: Shoul, Morocco — On the organic food frontier
Solana Pyne and Erik German - Morocco - February 5, 2010 06:55 ET
NYU unveils labor guidelines for Abu Dhabi campus
Tom Hundley - Middle East - February 5, 2010 06:44 ET
Human rights advocates warn that the workers building NYU's new campus could be forced laborers.
Japanese consumers tighten spending
Sonia Narang - Japan - February 5, 2010 06:30 ET
Once a hallmark of Japanese consumer culture, convenience stores are the latest casualty of the worldwide recession.
On Location: Sinaloa — The front lines of Mexico's drug war
Ioan Grillo and John Dickie - Mexico - February 4, 2010 09:13 ET
Video: Moroccan winemaker thrives
Erik German - Morocco - February 4, 2010 09:12 ET
Despite Muslim prohibitions, wine produced and sold from vineyards older than Roman times.
Sierra Leone boosted by World Bank
Kimberly S. Johnson - Africa - February 4, 2010 06:42 ET
Country's economy is still rebuilding after devastating civil war.
Opinion: How did China get double-digit economic growth?
Joel Brinkley - Worldview - February 3, 2010 11:17 ET
By dealing with some of the world's most repugnant regimes. Iran is just the latest on a long, long list.
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Nigeria's oil rebels end cease-fire
Shyamantha Asokan - Global Green - February 2, 2010 06:48 ET
Crucial Niger Delta oil production threatened, Nigerians ask where is President Yar'Adua?
No porn, no gore, no sensitive politics: Censored in Indonesia
Peter Gelling - Indonesia - January 31, 2010 08:54 ET
Has Big Brother moved back to Jakarta? Does it matter?
Opinion: Uganda should consult Ghana on oil
Stephanie Hanson - Worldview - January 30, 2010 11:46 ET
Good planning and transparency should help population benefit from new find.
Fordzilla vs. Japan
Thomas Mucha - Commerce - January 30, 2010 09:40 ET
It may not be a giant radioactive lizard, but Ford is stomping all over Japan's auto industry.
Special Report
Thomas Mucha - Commerce - January 28, 2010 17:24 ET
20 correspondents, 20 countries and a world of pain. Meet the ground truth of the global economic crisis.
Top budget retirement destinations abroad
News Desk - Worldview - January 28, 2010 07:33 ET
Looking for a fabulous place to retire on a budget? GlobalPost picked 10 intriguing overseas locales where you can stretch every dollar.
Watch GlobalPost videos:
Reporter's Notebook
As I previewed in this column over the weekend, Toyota's U.S. boss Jim Lentz today faced Digg's 40 million strong audience over the company's global...Read more >
As Toyota's quality problems mount, the company has thrown its PR machine into high gear. First, company president Akio Toyoda (and grandson of the...Read more >
Another day, another piece of bad news for Toyota. That trend continued again today, after the U.S. Transportation Department said it had opened an...Read more >
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