Financial Crisis

Another Debt Crisis for Poor Countries?

When the world’s finance ministers and central bank governors assemble in Washington later this month for their semi-annual IMF meeting, they will no doubt set aside time for yet another discussion of the lingering debt problems in the Eurozone or how impaired bank debt could impact financial stability in China.

The UN tells private enterprise leaders that “Business as Usual Won’t Work”.

As global citizens face an array of issues from unemployment to discrimination, affecting their livelihoods and potential, a UN agency called upon businesses to employ a new, sustainable, and inclusive model that benefits all.

International Community Ramps Up Action on Venezuela Crisis

One year into the most recent series of protests and a humanitarian crisis with no end in sight, international groups have called for action to help protect Venezuelans.A complex political and economic crisis in Venezuela has left millions without access to basic services and resources, prompting UN agencies and human rights groups like Human Rights Watch to speak up and urge action.

Ten reflections on today’s crisis

It is now clearly evident that w e are in a period of transition, even though we remain uncertain as to its outcome.The political, economic and social system that has accompanied us since the end of the Second World War is no longer sustainable.

I Am a Migrant: Integrating Through Syrian ‘Hummus’

Khaled left Syria in 2015, when his country was already in its fourth year of war. He is 27 years old and can clearly remember what his life was like then in Damascus: a happy life, with a happy family, in a happy country.

What’s different about Trump’s tariffs?

At Davos in January, US President Donald Trump warned that the US “will no longer turn a blind eye to unfair economic practices” of others, interpreted by many as declaring world trade war. Before the US mid-term elections in November, Washington is expected to focus on others’ alleged “massive intellectual property theft, industrial subsidies and pervasive state-led economic planning” pointing to China without always naming names. With the Republican Party already united behind his tax bill, Trump senses an opportunity to finally unite the party behind him and to continue his campaign for re-election in 2020.

Washington’s Ambiguity Equals De Facto Sanctions On Teheran

Over the last few months, the United States’ rhetoric on the Iran nuclear agreement has been ambiguous, creating an uncertain environment for investors. With John Bolton, President Donald Trump has now appointed a national security adviser who is actively seeking to leave the Iran deal.

Trump’s Trade War in Perspective

US President Donald Trump’s recent announcement of steep tariffs on steel and aluminium imports seems to have shocked US allies, even though these were among his 2016 election promises. The European Union (EU), Australia and Canada reacted sharply, in contrast to the more restrained response from China, the main target of earlier actions.

Helping Women, Period

The United Nations Headquarters and Brooklyn Bridge were lit up on Thursday night not to help tourists navigate the major landmarks but to bring attention to a key issue that many women and girls face today: period poverty.

Model Trade Deal Con

In early 2016, the Trans-Pacific Partnership (TPP) Agreement -- involving twelve countries on the Pacific Ocean rim, including the USA -- was signed in New Zealand. Right after his inauguration in January 2017, newly elected US President Donald Trump withdrew from the TPP, effectively killing the agreement as its terms require the participation of both the US and Japan.

Intellectual Property Regime Undermines Equity, Progress

Over the last few decades, people in the developing world have been rejecting the intellectual property (IP) regime as it has been increasingly imposed on them following the establishment of the World Trade Organization (WTO) including its trade-related intellectual property rights (TRIPs) regime. IP rights (IPRs) have been further enforced through ostensible free trade agreements (FTAs) and investment treaties among two (bilateral) or more (plurilateral) partners.

Stock Market Turmoil May Expose Flaws in Global Finance

Was last week’s global stock market sell-off only a “correction” or does it signify a new period of financial instability, caused by major flaws in the world financial system?

Tackling Inequality Talk Is Easy

At this year’s Davos World Economic Forum (WEF), Canada’s Prime Minister, Justin Trudeau warned the world’s business leaders and fellow politicians, “tackle inequality or risk failure”.

Tackling Inequality – The Myth that Davos Can Change the World

When the World Economic Forum (WEF) concluded in Davos, Switzerland last week, the outcome of the annual talk-fest was seemingly predictable—plenty of unrestrained platitudes but, surprisingly, less of the American populist, protectionist rhetoric.

Aid Group Shines Spotlight on the Neglected

Though 2017 was marked by stories of humanitarian disasters around the world, many crises remain under the radar with devastating consequences for those affected, a new report says.

Wealth Concentration Continues to Increase

As the ‘masters of the universe’ gather for their annual retreat at Davos, the World Economic Forum (WEF) has just published its Inclusive Development Index (IDI) for the second time.

Trade Multilateralism Set Back yet Again

As feared, the Eleventh Ministerial Conference (MC11) of the World Trade Organization (WTO) in Buenos Aires, Argentina, on 10-13 December 2017, ended in failure. It failed to even produce the customary ministerial declaration reiterating the centrality of the global trading system and the importance of trade as a driver of development.

Billionaires, Fiscal Paradise, the World’s Debt, and the Victims

Among Bloomberg's many profitable activities is a convenient Bloomberg Billionaires Index that has just published its findings for 2017. It covers only the 500 richest people, and it proudly announces that they have increased their wealth by 1 trillion dollars in just one year. Their fortunes went up by 23% to top comfortable 5 trillion dollars (to put this in perspective, the US budget is now at 3.7 trillion). That obviously means an equivalent reduction for the rest of the population, which lost those trillion dollars. What is not widely known is that the amount of the circulation of money stays the same; no new money is printed to accommodate the 500 richest billionaires!

The Political Responsibility in the Collapse of Our Planet

On 20 December, Europe’s 28 Ministers of Environment met in Brussels, to discuss the plan for reducing emissions prepared by the Commission, to comply with the Paris Agreement on climate change. Well, it is now clear that we have lost the battle in keeping the planet as we have known it. Now, of course, this can be considered a personal opinion of mine, devoid of objectivity.

Production Diversity, Diet Diversity and Nutrition in Sub -Saharan Africa

Lack of diet diversity is viewed as the major cause of micronutrient malnutrition in Sub-Saharan Africa. Imbalanced diets resulting from consumption of mainly high carbohydrate based-diets also contribute to productivity losses and reduced educational attainment and income. Consequently, micronutrient malnutrition is currently the most critical for food and nutritional security problem as most diets are often deficient in essential vitamins and minerals. In Tanzania, for example, most rural and urban households consume mainly staples as their main food, which are high in carbohydrates, but low in micronutrients and vitamins. Staple food items increase energy availability but do not improve nutritional outcomes if not consumed together with micro-nutrient rich foods.

Shedding Diplomacy, Roberto Savio Speaks about Fear as a Tool to Gain Power

At the outset my thanks to Dr Hanif Hassan Ali Al Kassim, and Ambassador Idriss Jazairy who lead the Centre for Human Rights Advancement and Global Dialogue for organizing this panel discussion at a critical moment in history. The Centre, is one of the few actors for peace and cooperation between the Arab world and Europe. As a representative of global civil society, I think it will be more meaningful if I speak without the constraints of diplomacy, and I make frank and unfettered reflections.

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