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
If there is one political principle that has been constant throughout the history of human civilization it is the fact that land is power. This is something that is particularly true, and often painfully so, for women who farm in Africa.
This year, we will have 3 million tourists each day wandering the world. This massive phenomenon is without precedent in human history and is happening (as usual), with only one consideration in mind: money. We should pause and take a look at its social, cultural and environmental impact and take remedial measures, because they are becoming seriously negative if things are left as they are.
The first few months of 2018 will be key to defining the future of the North American Free Trade Agreement (NAFTA), whose renegotiation due to the insistence of U.S. President Donald Trump has Mexico on edge because of the potential economic and social consequences.
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!
“I’m a migrant, but didn't have to risk my life on a leaky boat or pay traffickers. Safe migration cannot be limited to the global elite.” Thus spoke United Nations Secretary General Antonio Guterres in September 2017.
They are young, smart and willing to take the rough road. Victor, Jubilanté and Khaled are independent fighters who speak out with a force that could possibly change the appearances of their countries, and beyond.
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.
Countries in Central America are working to strengthen their regional electricity infrastructure to boost their exchange of electricity generated from renewable sources, which are cheaper and more environmentally friendly.
Although difficult to ascertain whether it is a trend reversal, two recent FAO reports (2017a, b) show a rise in hunger globally as well as in Africa. The number of undernourished (NoU) in the world suffering from chronic food deprivation began to rise in 2014 –from 775 million people to 777 million in 2015 – and is now estimated to have increased further, to 815 million in 2016. The stagnation of the global average of the proportion of undernourished (PoU) from 2013 to 2015 is the result of two offsetting changes at the regional level: in Sub-Saharan Africa, the share of undernourished people increased, while there was a continued decline in Asia in the same period. However, in 2016, the PoU increased in most regions except Northern Africa, Southern Asia, Eastern Asia, Central America and the Caribbean. The deterioration was most severe in Sub-Saharan Africa and South-Eastern Asia (FAO 2017a,b).
Foreign direct investment (FDI) is increasingly touted as the elixir for economic growth. While not against FDI, the mid-2015 Addis Ababa Action Agenda (AAAA
) for financing development also cautioned that it “is concentrated in a few sectors in many developing countries and often bypasses countries most in need, and international capital flows are often short-term oriented”.
Many of the suspects in European terrorist attacks have come from marginalized communities in Belgium. In the face of radicalization, the city of Mechelen has successfully embraced integration. Adrian Breda reports.
The aim is for migration to become just one option among others for the rural population of Latin America, says Brazilian expert Luiz Carlos Beduschi, referring to an issue that causes concern in the region due to its impact on food security.
One of the 11 areas that the World Bank’s Doing Business
(DB) report includes in ranking a country’s business environment is paying taxes. The background study for DB 2017, Paying Taxes 2016
claims that its emphasis is “on efficient tax compliance and straightforward tax regimes”.
The average American believes the US spends a whopping third
of its federal budget on foreign aid. Consequently, a majority of people think that too much is spent on foreign aid. That is one reason US President Donald J. Trump, who has campaigned on putting the needs of Americans first, has proposed deep cuts to foreign aid in his 2018 budget.
Since the 1950s, there has been a popular dance called the ‘limbo rock’, with the winner leaning back as much as possible to get under the bar. Many of today’s financial centres are involved in a similar game to attract customers by offering low tax rates and banking secrecy.
When travelling abroad for work and looking for accommodation, Joe Eyango, a Cameroonian living in the US, considers two factors: convenient transportation from the airport and around the city and reliable Internet access. He is a university professor and wants to be able to jet in, hit the ground running, make his presentation and zoom off to another destination in a day or two.
Since the turn of the century, much of Africa has achieved impressive economic growth. Sixteen African countries were among the world’s top 30 fastest growing nations. Last year, the 10 fastest growing African economies posted GDP growth rates exceeding 5 per cent.
In his first address on the global stage of the General Assembly, United States’ President Donald Trump touted an “America First” approach at the very institution that is meant to inspire collaboration between nations.
Thanks to globalization and trade liberalization of commodities, services and goods, global trade has reached an unprecedented level. According to the United Nations Conference on Trade and Development, world trade in goods was valued at approximately USD 16 trillion. North-North trade generates the highest trade volume at approximately 6 trillion
; trade flows within and between countries of the Global South amounts to 4.6 trillion. Trade between the Global South and the Global North -approximately between 2.5 and 3 trillion - add up to less than the trade flows within the Earth’s two main poles.
The vision of a literate world has guided the United Nations in its efforts to eliminate illiteracy worldwide. According to UNESCO, the world literacy rate
now stands at 91% up from 79% in 1980. In the Arab region, the literacy rate is currently at 86%; a 22% increase from 1980 where the literacy rate stood at 64%. Although world society has witnessed significant progress in eradicating illiteracy, approximately 750 million adults and 264 million children
worldwide are still considered as illiterate. Thus, the cloud of world illiteracy overshadows the geography of world poverty. Nonetheless, the Sustainable Development Goals have translated the vision of a literate world into a concrete action-plan: Sustainable Development Goal 4.6
calls upon all member States of the United Nations to ensure that youth, both men and women, “achieve literacy and numeracy” by 2030. In the words of formerSecretary-General of the United Nations, Kofi Annan