Economy & Trade

A Bigger Impact in a Smaller World: The China Situation

We are now living in a hyper communicative world where news does travel faster than lightning. Boundaries, borders, geographical and time differences have become next to obsolete in today’s speed driven world. At any point in time people, news and local occurrences can influence internationally without much local isolation. Along with the advantages of technology, communications and connections world is also facing new challenges that are proportionally evolving with advancement. One region affected today is affecting the global economy and population in frenzy of minutes, hours and days.

Digital Civil Registration Can Reduce the Number of ‘Invisible’ People and Bring Kenya Closer to the SDGs

A recent opinion piece in the New York Times titled, “Kenya’s New Digital IDs May Exclude Millions of Minorities” raises an issue that the UN is passionate about: that the pursuit of sustainable development should leave no one behind.

The Role of Sherpas in Nature Conservation as Guardians of the Himalayas

Since I was a kid, I grew up with adventures and stories of famous characters of the books of Jack London: White Fang, Make a Fire… and the incredible ode to perseverance of Martin Eden.

New Challenges to Growth in Latin America & the Caribbean

Economic activity in Latin America and the Caribbean stagnated in 2019, continuing with the weak growth momentum of the previous five years and adding more urgency and new challenges to reignite growth.

‘Organic is the Future’

Vandana Shiva, a pioneer of organic farming in India, is incensed by the 2019 draft law to compulsorily register all seeds used by farmers. On a wintry afternoon, at her farm Navdanya in the Himalayan foothills, the noted ecologist spoke on the future of the organic farming movement in India. Excerpts:

Oil-rich Gulf Turns to Renewable Energy

The increased frequency of climate-induced weather extremes and public opinion pressure are forcing even major fossil fuel exporting countries in West Asia to make a big push towards renewable energy.

Kenya Leapfrogging on 4 SDGS- Building Bridges Between Silicon Savannah and Silicon Valley

One year ago, the UN began implementing reforms meant to make it more effective in delivering on sustainable development. Now, with the start of 2020, the global body has declared this as the "decade of action" to turn the ambitious Sustainable Development Goals (SDGs) into a living reality for all humanity. But what does this look like, on the ground?

Exchange Rate Undervaluation for Export-Led Growth Promotion

One mercantilist view is that exchange rate undervaluation – e.g., via accumulation of foreign exchange reserves in China’s case – is ‘industrial policy’ to promote export-led growth, benefiting producers of exports while discouraging imports.

Multilateralism Versus Regionalism: Which Path Should African Countries Pursue to Expand Trade and Investment Opportunities?

Increasingly, the ability of multilateralism to address contemporary global issues such as climate change and international trade is being questioned. In the case of international trade, WTO Members have thus far not been able to conclude the Doha Round, which was launched in November 2001. The Round was supposed to have been concluded on 1 January 2005, but it has been beset by persistent differences among the WTO Members. Whereas most developing countries believe that the Round is still active and have called for the fulfilment of all Doha mandates, several developed countries are of the view that the Round has run its full course and overtaken by developments in the global economy. They note that three out of the ten top economies in the world are developing countries – Brazil, China and India – and that several developing economies are also competitive in certain sectors of the global economy and that by granting significant flexibilities in the negotiations to these competitive developing economies, the Round's mandates are no longer valid and that differentiation among developing countries should be part of the broader on-going discussion on WTO reform.

Biofortified Crops Improve Farmers’ Livelihoods in Zimbabwe

Steven Seremwe, who is 57 years old, was retrenched from his job as an administrator at Lake Shore Missions in 2012. He decided to focus on farming, and he started growing various crops—white maize, sugar beans, and sweet potatoes, among others—for consumption and sale.

Inequality, Stagnation and Instability ‒ the New Normal for Finance Capitalism

The failure of large-scale bailout operations, historically low interest rates and rapid injection of liquidity to bring about a strong recovery from the 2008-2009 financial crisis and recession created a widespread concern that advanced economies suffered from a chronic demand gap and faced the spectre of stagnation.

Nature Losses Threaten Emerging Economies

More than half of worldwide GDP is moderately or highly dependent on nature, putting biodiversity loss among the top five risks to the global economy, according to a report presented at the World Economic Forum (WEF) in Davos, Switzerland.

Am I Abused or Am I a Failure to Adjust? – A Migrant’s Story

Every year hundreds of immigrants leave their homes and trail to a land of dream and hope where they aspire to find peace, happiness and sometimes a little bit of safety compared to what they leave behind.

Blue Innovation in the Commonwealth

With 95 per cent of the ocean still unexplored by humans, we are only just beginning to understand its profound influence on life on earth, including its effect on global climate and ecosystems.

UN Plans to Launch a “Decade of Action” to Deliver Development Goals by 2030

2020 marks the 75th anniversary of the United Nations. I draw tremendous strength from all that we represent and all that we have achieved together.

Bridging Africa’s Great Gender-Financing Divide

What stands between Soi Cate Chelang and her dream of turning her small pallet-making business into a major enterprise is capital.

UN Report: Rising Inequality Affects More Than 70% of the Globe

Inequality is growing for more than 70 per cent of the global population, exacerbating the risks of divisions and hampering economic and social development. But the rise is far from inevitable and can be tackled at a national and international level, says a flagship study released by the UN on Tuesday.

School Lunch Programmes for Progress

If well planned, coordinated and implemented, a government funded school feeding programme for all primary school children can be progressively transformative. Such a programme, involving government departments and agencies working together, can benefit schoolchildren, their families, farmers and public health, now and in the future.

BIOGAS: Cow Dung Holds the Key to Nepal’s Green Economy

Nepal’s future may not be in hydropower, as most assume, but actually in the dung heap. A new industrial-scale biogas plant near Pokhara has proved that livestock and farm waste producing flammable methane gas can replace imported LPG and chemical fertiliser.

Your Arrow Can Pierce the Sky, But Ours Has Gone into Orbit

On Wednesday, 15 January, China and the United States agreed to suspend their full-scale trade war. From February 2018, the United States placed tariffs on Chinese goods that entered the US market, and then China retaliated. This tit-for-tat game continued for almost two years, causing massive disruption in the global value chain. In October 2019, the International Monetary Fund’s G-20 Surveillance Note reported that the global GDP suffered by a 0.8% drop merely because of the tariffs on goods such as aluminium, steel, soybeans, and car parts between the United States and China. Western attacks on Chinese 5G technology – and on the tech firm Huawei – are part of the pressure on China to buckle before the US-led order. But China did not bend. As a prelude to the ‘phase one’ deal, the United State Treasury Department stopped calling China a ‘currency manipulator’, a term that has haunted China’s for decades.

Genuine Reform Culture Lacking in Zimbabwe

Zimbabwe needs urgent economic and political reforms to transform its economy amidst a growing national crisis, researchers say in a new study that urges swift policy changes and a sound financial framework to attract investment.

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