Economy & Trade

Is There a Remittance Trap?

Workers’ remittances—the money migrants send home to their families—command the attention of economists and policymakers because of their potential to improve the lives of millions of people.

For the Survival of the Nile and its People

Running through eleven countries for 6,853 kilometres, the Nile is a lifeline for nearly half a billion people. But the river itself has been a source of tension and even conflict for countries and territories that lie along it and there have been rumours of “possible war for the Nile” for years now. While to date there has been no outbreak of irreversible tension, experts say that because of increasing changes in the climate a shared agreement needs to be reached on the redistribution of water soon.

Developing Countries Losing Out To Digital Giants

A new United Nations report warns that the potential benefits to developing countries of digital technologies are likely to be lost to a small number of successful first movers who have established digital monopolies.

What Accounts For Southeast Asia’s Phenomenal Success?

Southeast Asia has made extraordinary strides in recent decades.Growth in per capita incomes has been among the fastest in the world, and last year the region was the fourth largest contributor to global growth after China, India, and the United States. Living standards have improved dramatically. Poverty rates are down sharply.

Water: a Private Privilege, not a Community Resource

Water is becoming a private privilege rather than a community resource. It is also one of the world’s most precious resources. As vital to the survival of the human species as the air that we breathe.

The Earthquake in Indonesia: How Collaboration Impacts the Global Water Crisis

On Friday, September 28, the world first heard the devastating news out of Indonesia that a 7.5 magnitude earthquake had struck the island of Sulawesi. The quake caused substantial soil liquefaction — where the earth literally turned to liquid and started to flow — with entire homes sinking into the ground. It also triggered a tsunami, confirmed to be as high as 23 feet, that devastated the coastal areas.

Zero Hunger: Our Actions Today Are Our Future Tomorrow

Just three years ago, in September 2015, all United Nations Member States approved the 2030 Agenda for Sustainable Development. The eradication of hunger and all forms of malnutrition (Sustainable Development Goal number 2) was defined by world leaders as a cardinal objective of the Agenda, a sine qua non condition for a safer, fairer and more peaceful world.

A New IFC Vision for Greening Banks in Emerging Markets

The International Finance Corporation is rapidly greening its portfolio.This past fiscal year, 36 percent of our own accounts and mobilization supported climate-smart projects — up from 12 percent a decade ago. Since May, we have been applying a carbon price to all project finance investments in the cement, chemicals, and thermal power sectors, at $40-80 per metric ton.

Women & Youth Key to Achieving Agenda 2030 in South-South Cooperation

By 2050 Africa will have 830 million young people. Many countries in the global south, India included are seeing a youth(men and women) bulge. To reap a demographic dividend countries in the global south need to share and exchange knowledge to leapfrog socio-economic transformation.

Helping Ethiopia Achieve Green Growth and Avoid Industrialised Nations’ Environmental Mistakes

As Ethiopia undergoes a period of unprecedented change and reform, the Global Green Growth Institute(GGGI) is partnering with the Ethiopian government to try and ensure this vital period of transition includes the country embracing sustainable growth and avoiding the environmental mistakes made by Western nations.

Students Go Green to End Global Energy Poverty

In Africa, over 640 million people – almost double the population of United States – have no access to electricity, with many relying on dirty sources of energy sources for heating, cooking and lighting.While not offering a solution to the electricity gap in Africa, Brian Kakembo Galabuzi, a Ugandan economics student, can offer a cleaner and cheaper solution.

Indonesia Unveils Low Carbon Development Framework

Indonesia is convinced that low carbon development and a green economy are key to further boosting economic growth without sacrificing environmental sustainability and social inclusivity.

Rwanda Leverages Green Climate Fund’s Opportunities to Fast-Track Sustainable Development

In a move to achieve its green growth aspirations by 2050, Rwanda has placed a major focus on promoting project proposals that shift away from "business as usual" and have a significant impact on curbing climate change while attracting private investment.

New Agreement with Canada and U.S. Is Win-Lose for Mexico

Following the fanfare of the countries' leaders and the relief of the export and investment sectors, experts are analysing the renewed trilateral agreement with Canada and the United States, where Mexico made concessions in sectors such as e-commerce, biotechnology, automotive and agriculture.

Improving Infrastructure Planning In Developing Countries

Infrastructure investment is necessary, but hardly sufficient to enable developing countries to transform their economies to achieve sustainable prosperity, according to this year’s UNCTAD Trade and Development Report: Power, Platforms and the Free Trade Delusion (TDR 2018), released in late September.

Consumption & Emissions: Rich Indians v/s Rich (& Poor) Americans

The growing consumption of the ‘rich’ in ‘poor’ countries has been a running theme in the climate change debate for some time now. A large majority of opinion makers in developed countries, especially the US, are convinced that rising consumption of the rich in the developing world is responsible for climate change.

Leveraging the Potential for Green Growth in Vulnerable Countries

In May the United Nations Secretary General Antonio Guterres announced next year’s summit on climate. This assertion has given the Global Green Growth Institute international momentum, which was reflected in the events of the 73rd session of the United Nations General Assembly (UNGA) in New York City.

Going Full Circle for Growth and the Planet

The business case for making our economy more sustainable is clear. Globally, transitioning to a circular economy - where materials are reused, re-manufactured or recycled-could significantly reduce carbon emissions and deliver over US$1 trillion in material cost savings by 2025.(1) The benefits for Asia and the Pacific would be huge. But to make this happen, the region needs to reconcile its need for economic growth with its ambition for sustainable business.

Investing in Arab and Asian Youth For a Sustainable Future

As the youth population has increased to unprecedented levels in Arab and Asian regions, governments need to do more to invest in them.

Saving the Lungs of Our Planet

Dr Sylvia Earle, an eminent marine biologist and explorer has strong views on how nations needs to work together to save what the United Nations calls the lungs of our planet.

Saving the Kindergarten of Sharks

Every winter dozens of bull sharks come to Mexico’s Mayan Riviera to breed. A single bull shark can give birth to up to 15 young. They are the only species of shark that can live in both fresh and salt water.

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