Economy & Trade

COP15: Shift in Societal Values Needed to Address Biodiversity Loss

By Juliet Morrison
Policymakers were encouraged to look at the economic and social aspects with the environmental elements of biodiversity losses to meet the Global Biodiversity Framework (GBF) targets.

Corruption: The Most Perpetrated –and Least Prosecuted– Crime – Part I

By Baher Kamal
In these times when all sorts of human rights violations have been ‘normalised,’ a crime which continues to be perpetrated everywhere but punished nowhere: corruption is also seen as a business as usual. A business, by the way, that relies on the wide complicity of official authorities.

Iconic Atlantic Bluefin Tuna in Less Troubled Waters

By Joyce Chimbi
The Atlantic bluefin tuna is among the largest, fastest, and most beautifully colored of all the world’s fish species. They can measure more than 10 feet in length, weigh over 700 kilograms, and can live longer than 30 years. With their metallic blue coloring on top and shimmering silver-white on the bottom, the giant bony fish is a sight to behold.

Rich Nations Doubly Responsible for Greenhouse Gas Emissions

By Hezri A Adnan and Jomo Kwame Sundaram
Natural flows do not respect national boundaries. The atmosphere and oceans cross international borders with little difficulty, as greenhouse gases (GHGs) and other fluids, including pollutants, easily traverse frontiers.

India’s Extensive Railways Often Conduit for Child Trafficking

By Umar Manzoor Shah
Deeepti Rani (13) lives with her mother in a dilapidated dwelling near a railway track in India’s southern state of Karnataka. The mother-daughter duo sells paperbacks on trains for a living.

Egypt Racing to Supply Wind, Solar Energy to Greece, EU via Submarine Cables

By Hisham Allam
As Europe braces for an unusual winter due to a global energy crisis, Greece is embarking on one of Europe's most ambitious energy projects by connecting its electricity grid to Egypt's.

Africa’s Processing Industry Holds Promise for Broader Economic Growth

By Chakib Jenane
As a central pillar of African diets for thousands of years, millet has a prized position as one of the continent’s most important crops. And with the onset of climate change, millet offers valuable security to the continent’s smallholder farmers due to the crop’s tolerance for dry soils.

Can Asia and the Pacific Get on Track to Net Zero?

By Armida Salsiah Alisjahbana
The recent climate talks in Egypt have left us with a sobering reality: The window for maintaining global warming to 1.5 degrees is closing fast and what is on the table currently is insufficient to avert some of the worst potential effects of climate change. The Nationally Determined Contribution targets of Asian and Pacific countries will result in a 16 per cent increase in greenhouse gas emissions by 2030 from the 2010 levels.

AGRA Gets Make-Up, Not Make-Over

By Timothy A. Wise and Jomo Kwame Sundaram
Despite its dismal record, the Gates Foundation-sponsored Alliance for a Green Revolution in Africa (AGRA) announced a new five-year strategy in September after rebranding itself by dropping ‘Green Revolution’ from its name.

Black ‘Fraud-Days’ and the Shocking Cost of Staying Fashionable

By Baher Kamal
Please take a quick look at this short report before rushing to shop on a Black Friday, Christmas sales and all those long chains of big discounts and wholesales, most of them are fake, as often denounced by consumers organisations that report that the business usually inflates prices before launching such deals.

Cattle Turn Into New Currency Amid Inflation in Zimbabwe

By Jeffrey Moyo
In 2007 as inflation walloped the Zimbabwean currency, rendering it valueless, then 54-year-old Langton Musaigwa of Mataruse village west of Zimbabwe in Mberengwa district switched to cattle as his currency.

The World Cup of Opportunity

By Myles Benham
The sun is shining, and the temperature sits at an idyllic 28 degrees Celsius. The Uber driver taking me to work is from Pakistan and devastated about the recent loss to England in the T20 Cricket World Cup final in Australia.

Asia: the Power of Connections and their Consequences

By Simon Commander and Saul Estrin
In our recent book, “The Connections World: The Future of Asia”, published by Cambridge University Press in October 2022, we argue that mutually beneficial links between dynastic business houses and political elites have been important drivers behind Asia’s extraordinary renaissance. Yet, these close ties now threaten future economic growth.

Balancing Diversity and Meritocracy

By Joseph Chamie
Countries worldwide, and as different as India, Indonesia, Iraq, Iran, Ireland, Israel and Italy, are struggling with the issue of how best to balance diversity and meritocracy across disparate ethnic, racial, caste, linguistic and religious subgroups in their populations.

Ugandan Women Tackle Domestic Violence with Green Solutions

By Aimable Twahirwa
Constance Okollet Achom, a Ugandan woman from Tororo, a rural village located in Eastern Uganda, has helped several dozens of her peers affected by domestic violence to address the issue by equipping victims with skillsets to manufacture eco-friendly biofuels from agro-forestry waste.

Open Veins of Africa Bleeding Heavily

By Ndongo Samba Sylla and Jomo Kwame Sundaram
The ongoing plunder of Africa’s natural resources drained by capital flight is holding it back yet again. More African nations face protracted recessions amid mounting debt distress, rubbing salt into deep wounds from the past. With much less foreign exchange, tax revenue, and policy space to face external shocks, many African governments believe they have little choice but to spend less, or borrow more in foreign currencies.

A Looming Debt Crisis is Threatening Global Health Security. It is time to Drop the Debt

By Jaime Atienza and Charles Birungi
In this moment of profound challenge in international relations, it was understandable that the conclusion of the G20 meeting left leaders feeling relieved that the meeting took place without a breakdown. Leaders were justifiably proud too of important steps forward they made including the launch of the new pandemics fund.

G20 Summit, a Missed Opportunity to Tackle Global Cost of Living Crisis

By Matti Kohonen
G20 leaders met in Indonesia in the midst of multiple crises, with 85 percent of the world population expected to face austerity measures and severe budget cuts next year that will impact the most vulnerable compounded by an insufficient response to the Covid-19 pandemic, with only 38 percent of relief funds going to social protection in global South countries.

The United Kingdom’s, USA’s and Russia’s Great Game: A History Lesson about War and Greed

By Jan Lundius
Like most armed conflicts the Ukrainian war intends to establish hegemony over a certain area, in rivalry with other usurpers. Russian propaganda pinpoints the US and EU as Russia’s main adversaries, while Ukraine is portrayed as a pawn in these nations’ international yearnings. Such a scenario is not new.

As the World’s Population Hits 8 Billion People, UN Calls for Solidarity in Advancing Sustainable Development for All

The global population is projected to reach 8 billion on 15 November 2022, signalling major improvements in public health that have lowered the risk of dying and increased life expectancy. But the moment is also a clarion call for humanity to look beyond the numbers and meet its shared responsibility to protect people and the planet, starting with the most vulnerable.

COP27 Fiddling as World Warms

By Hezri A Adnan and Jomo Kwame Sundaram
The latest annual climate conference has begun in the face of a worsening climate crisis and further retreats by rich nations following the energy crisis induced by NATO sanctions after the Russian invasion of Ukraine. Copping out again The 27th Conference of the Parties (COP 27) to the United Nations Framework Convention on Climate Change (UNFCCC) is now meeting in Sharm-el-Sheikh, Egypt, from 6 to 18 November 2022.
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