Monitoring and surveillance: The theoretical underpinnings

Economic and financial crises are not everyday phenomena, but when they come, they inflict untold economic and social costs. The severe economic contraction, widespread bankruptcies, large-scale unemployment, social and political discontent and continued vulnerability to speculative attacks entail a very great burden for any country to bear. As observed in the Asian crisis, the poorest sectors of society tend to be the ones that bear the brunt of the difficulties. The aftermath of the crisis is usually accompanied by intense soul-searching by all affected parties, creditors, debtors, the private sector and policy makers alike. Why did the crisis occur? What could we have done to manage it better? Why was it not spotted in advance? And, perhaps more wistfully, how can a recurrence be avoided?

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities