Travel in many parts of Asia, as I do, and you are likely to find everyone looking at their smartphones – even in remote areas - hungry for information wherever they can find it.
While Colombia’s peace talks continue in Havana, Cuba, back home in the region of North Cauca, Black Colombians have found their cries for access to their ancestral lands met with tear-gas and rubber bullets.
Imagine a world without the media, where we have no verified information about what’s going on around us. Where everything is hearsay and gossip, where there are no trusted sources of information. It would be hard to operate in a world like that: to make decisions about what to do about the things that affect our lives.
International capital flows are now more than 60 times the value of trade flows. The Bank of International Settlements (BIS) is now of the view that large international financial transactions do not facilitate trade, and that excessive financial ‘elasticity’ was the cause of recent financial crises.
Last month, after receiving threats for opposing a hydroelectric project, Berta Caceres, a Honduran indigenous and environmental rights campaigner, was murdered. A former winner of the Goldman Environmental Prize for her opposition to one of Central America’s biggest hydropower projects, Berta was shot dead in her own home.
The Asia-Pacific region’s successful achievement of the 2030 Agenda for Sustainable Development needs to be driven by broad-based productivity gains and rebalancing of economies towards domestic and regional demand. This is the main message of the Economic and Social Survey of Asia and the Pacific 2016
, published today by the Economic and Social Commission for Asia and the Pacific. Such a strategy will not only underpin the revival of robust and resilient economic growth, but also improve the quality of growth by making it more inclusive and sustainable.
Last August, Balla Hadji, a 61-year-old truck driver in Bangui in the Central African Republic, was having breakfast with his wife when they heard shots outside. He ran out to call his daughter inside, but troops were already there, and shot him in the back as he ran away. His 16-year-old son, Souleimane, was also shot when he ran towards his father. Balla died on the spot, his son Souleimane the next day.
We have arrived at the point of no return. At this very moment the world is witnessing the highest level of humanitarian needs since World War Two. We are experiencing a human catastrophe on a titanic scale: 125 million in dire need of assistance, over 60 million people forcibly displaced, and 218 million people affected by disasters each year for the past two decades.
The US was the cause of the crisis but has come out better than anyone else in the advanced world and better than many developing countries. During the crisis there was a widespread perception that this was the end of US hegemony. It was end of the dollar as the major reserve currency.
Unlike Wikileaks’ exposes, the recent Panama revelations were quite selective, targeted, edited and carefully managed. Most observers attribute this to the political agendas of its mainly American funders. Nevertheless, the revelations have highlighted some problems associated with illicit financial flows, as well as tax evasion and avoidance, including the role of enabling governments, legislation, legal and accounting firms as well as shell companies.
The Paris Climate Change Treaty represents an historic step forward in the international effort to address the crisis. The Alliance of Small Island States (AOSIS) played a key role in its adoption and were instrumental in winning the inclusion of the 1.5-degree temperature goal.
On the 17th of April, Italians were called to vote in a national referendum, on the extension of licenses to extract petrol and gas from the seas. The government, the media and those in the economic circles, all took a position against the referendum, claiming that 2000 jobs were at a stake. The proponents of the referendum (among them five regions), lost. Italy is following a consistent trend, after the Summit on Climate Change (Paris December 2015), in which all countries (Italy included) took a solemn engagement to reduce emissions.
While the main US motivation for the Trans Pacific Partnership (TPP) has been to counter China’s influence in the region, it has also been used to undermine the Doha ‘Development’ Round of trade negotiations to better advance politically influential US corporate interests. Hence, it has become all the more necessary to legitimize the TPP in terms of its ostensible benefits. Touted as a ‘gold standard’ 21st century trade deal, it is nonetheless necessary to ascertain what gains can really be expected and whether these exceed its costs.
A total indifference has accompanied the number of refugees injured by Macedonian police in Idomeni, where more than 12 000 people, including 4 000 children have been trapped, since Austria asked Macedonia, Serbia, Croatia and Slovenia, to prevent the continuing passage of refugees. Austria has now informed the Italian government that it will send several hundred troops to its border with Italy.
In the wake of releasing the IMF’s latest assessment of the global economy, Chief Economist Maurice Obstfeld noted in his blog, “Global growth continues, but at an increasingly disappointing pace that leaves the world economy more exposed to negative risks. Growth has been too slow for too long.”