Economy & Trade

‘Cyclone College’ Raises Hopes, Dreams of India’s Vulnerable Fisherfolk

Ten years have now passed, but Raghu Raja, a 27-year-old fisherman from the coastal village of Nemmeli in southern India’s Kanchipuram district, still clearly remembers the day he escaped the tsunami.

What the U.S. Should Learn from Russia’s Collapse

After months of whispered warnings, Russia’s economic troubles made global headlines when its currency collapsed halfway through December. Amid the tumbling price of oil, the ruble has fallen to record lows, bringing the country to its most serious economic crisis since the late 1990s.

GDP and the Unaccounted for 82 Percent of National Wealth

Virtually all countries use Gross Domestic Product (GDP) as their primary measurement of economic progress and overall societal progress. At the same time, countries express allegiance to the doctrine of sustainable development. This exposes an obvious disconnect.

The Soil, Silent Ally Against Hunger in Latin America

Latin America and the Caribbean should use sustainable production techniques to ensure healthy soil, the basic element in agriculture, food production and the fight against hunger.

Changes to World Bank Safeguards Risk “Race to the Bottom”, U.N. Experts Warn

An unprecedented number of United Nations special rapporteurs and independent experts are raising pointed concerns over the World Bank’s ongoing review of its pioneering environmental and social safeguards, particularly around the role that human rights will play in these revamped policies.

U.S. Flag Can Be Seen Again in Cuba

The announcement that the United States and Cuba would reestablish diplomatic relations took most Cubans by surprise. Over half of the population was born after the severing of ties in 1961 and the start of the embargo that has marked their lives.

REDD and the Green Economy Continue to Undermine Rights

Dercy Teles de Carvalho Cunha is a rubber-tapper and union organiser from the state of Acre in the heart of the Brazilian Amazon, with a lifelong love of the forest from which she earns her livelihood – and she is deeply confounded by what her government and policymakers around the world call “the green economy.”

After 53 Years, Obama to Normalise Ties with Cuba

In perhaps his boldest foreign-policy move during his presidency, Barack Obama Wednesday announced that he intends to establish full diplomatic relations with Cuba.

Kenya’s Economy Sees Growth at Top But No ‘Trickle-Down’

David Kamau is a small-scale maize farmer in Nyeri, Central Kenya, some 153 kms from the capital Nairobi. He recently diversified into carrot farming but is still not making a profit.

Aboriginal Knowledge Could Unlock Climate Solutions

As a child growing up in Far North Queensland, William Clark Enoch would know the crabs were on the bite when certain trees blossomed, but now, at age 51, he is noticing visible changes in his environment such as frequent storms, soil erosion, salinity in fresh water and ocean acidification.

UNIDO Development Initiative Gains Momentum in ACP Nations

The inclusive and sustainable industrial development (ISID) initiative of the U.N. Industrial Development Organisation to promote industrial development for poverty reduction, inclusive globalisation and environmental sustainability is gaining momentum in the countries of the African, Caribbean and Pacific (ACP) group. 

Cuba’s Reforms Fail to Reduce Growing Inequality

One of the major challenges assumed by President Raúl Castro when he launched a series of reforms in Cuba is improving living standards in a country still suffering from a recession that began over 20 years ago and has undermined the aim of achieving economic and social equality.

‘Record’ Illicit Money Lost by Developing Countries Triples in a Decade

Developing countries are losing money through illicit channels at twice the rate at which their economies are growing, according to new estimates released Tuesday. Further, the total volume of these lost funds appears to be rapidly expanding.

Russian Arms Producers Move Ahead of Western Rivals

The world's top 100 arms producing companies racked up 402 billion dollars in weapons sales and military services in 2013, according to the latest figures released by the Stockholm International Peace Research Institute (SIPRI).

OPINION: The Sad Future of Our Planet

It is now official: the current inter-governmental system is not able to act in the interest of humankind.

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