As the unprecedented flow of hundreds and thousands of migrants and refugees continues from war-ravaged countries to Europe, a new study warns that large-scale migration from poorer to rich nations will be a permanent feature of the global economy for decades.
It has become clear that the South, including the least developed countries, has little reason to expect any real progress to the almost half century old commitment to transfer 0.7 percent of developed countries’ income to developing countries. But to add insult to injury, developing countries have, once again, been denied full participation in inter-governmental discussions to enhance overall as well as national tax capacities.
The emergence of fracking has modified the global market for fossil fuels. But the plunge in oil prices has diluted the effect, in a struggle that experts in the United States believe conventional producers could win in the next decade.