VIEWPOINTS

The Crisis Manager

By Getachew Teklemariam Alemu

It is hard to find someone who has not felt the global economic downturn just a little bit. The global economic crisis has become the headache of all people living on the planet, from an American CEO to a Chinese manufacturer, from a Saudi investor to an African farmer, from a Brazilian Hotel owner to an Australian University Dean.

Unilaterally, countries have been taking different policy measures to rebound investor confidence, and reassure consumers. At global level, this crisis has resulted in progressive shifts in international cooperation and institutional structures; a shift from inane protectionism to a more open trade, from G-8 to G-20, from pro-western IMF to a more inclusive IMF, and what have you.

For a keen observer, the variety of national stimulus packages and other policy measures would boil down to three categories of interventions. The interventions, nurturing new industries, renovating dysfunctional business processes (and infrastructures) and adopting to change, could only be achieved if the eyes of policy makers, bureaucrats, shareholders and consumers could get away from functional operation to a more projectized delivery….

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About the Author By Getachew Teklemariam Alemu Author Getachew Teklemariam Alemu is an International Correspondent for PMForum and PM World Today in Addis Ababa, Ethiopia.  Mr. Alemu is also an Infrastructure Projects Expert in the Development Projects Department of the Ministry of Finance and Economic Development, government of Ethiopia.  Getachew is responsible for monitoring, appraising and reporting on public sector infrastructure projects financed by the Ethiopian government and bilateral/multilateral donor agencies.  He has a Bachelor’s of Science degree in Land Resources Management and Environmental Protection from Mekelle University in Ethiopia.  He has also been educated in macro economic development, infrastructure development in developing countries, national economic development and project management.  Getachew is currently studying at Addis Ababa University for a Masters Degree in Regional and Local Development.  More information about Getachew Alemu can be found at http://www.pmforum.org/pm%20forum%20team/index.htm#5.  Getachew can be contacted at getdem2006@yahoo.com.