This year, the Paris Agreement’s effectiveness as a global response to the climate crisis is being tested as governments are preparing to submit more ambitious national targets for mitigation and adaptation.
Meeting the President of the Republic of Korea in September 2019, President Donald J Trump bragged
that the “US economy is the envy of the world”. Trump reiterated such claims in his State of the Union address
in early February, hailing his own policies with typical humility.
In an annual ritual early in the year, most major economic organizations have released forecasts for the global economy in 2020
. Incredibly, almost as a reminder of where financial power resides in this day and age, the International Monetary Fund
(IMF) released its forecasts at the World Economic Forum’s 50th annual meeting in Davos.
For any riverine country, the state of the water body around big cities and conditions of major rivers hold a leadership position in the overall climate effects and how the water body is protected and preserved impacts the entire economy and living standards of that country. Bangladesh is renowned for the geomorphic features that include massive rivers flowing throughout the country. Within the border of Bangladesh lie the bottom reaches of the Himalayan Range water sources that flow into the Bay of Bengal totaling the number of rivers by a count of 700. The length of river bodies is about 24,140 km. There are predominantly four major river systems: the Brahmaputra-Jamuna, the Ganges-Padma, the Surma-Meghna, and the Chittagong Region river system. The Brahmaputra is the 22nd longest (2,850 km) and the Ganges is the 30th longest (2,510 km) river in the world. (1) The river system works as a backbone for agriculture, communication, drinking water source, energy source, fishing and as the principal arteries of commercial transportation in Bangladesh. During the annual monsoon period between June and October, the rivers flow about 140,000 cubic meters per second and during the dry period, the numbers come down to 7000 cubic meters per second.
A premium chocolate maker in São Tomé and Príncipe is on a drive to promote the taste for "made in Africa" chocolate, and tap into a $100 billion global indulgence associated with Valentine’s Day.
Many medicines and medical tests are unaffordable to most of humanity owing to the ability of typically transnational pharmaceutical giants to abuse their monopoly powers, enforced by intellectual property laws, to set prices to maximize profits over the long-term.
Financialization has worsened inequality through various channels, including macroeconomic policies. For example, quantitative easing and low, if not negative interest rates have fuelled credit and asset price bubbles, while fiscal spending cuts have adversely affected those depending on government assistance.
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?
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.
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.
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.
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.
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.
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.
Many argue that China’s impressive growth for last four decades has been due to deliberate exchange rate undervaluation, promoting exports and discouraging imports. In August last year, the Trump administration accused China of engaging in currency manipulation.
One of the highlight activities as the United Nations commemorates its 75th anniversary this year will be the launch of an “annual temperature check” on Sustainable Development Goals (SDGs), progress. With only ten years left to the final whistle for the Goals, this activity that will take place each September will provide a snapshot of what’s working, and where countries need more action.
Happy New Year, Kenya. 2020 marks a decade of action towards the realization of the Sustainable Development Goals by 2030.
Peace and development are inextricably linked, with each making the achievement of the other far more likely. This puts the conflict-prevention and development work of the UN at the heart of the agenda in East Africa, but in a multi-agency and programme environment, making meaningful progress is challenging.
Food security holds a special place among Russia’s priorities in its efforts to achieve sustainable development globally. We believe that this task, which is reflected in Sustainable Development Goal 1, requires a comprehensive and multidimensional approach.
The social utility of billionaires’ existence has come under increased scrutiny, especially during the Democratic Party primaries for the 2020 US Presidential election. Leading newspapers, such as The New York Times, published opinion pieces arguing to abolish billionaires
and reflecting on why billionaires engage in illegal insider trading
Malnutrition remains a formidable challenge in most societies, with less than a tenth of countries in the world not experiencing at least one major malnutrition problem.
In relatively more food secure countries, where almost everyone has enough to eat, and few live in fear of a sudden loss of access to food, micronutrient deficiencies and diet-related non-communicable diseases (NCDs) often still loom large.
At a time when the world is battling unprecedented drought, bushfires, rising sea levels and water shortages, reducing energy use across industry is one powerful way to fight climate change in the immediate term.