Globalisation

Coping with Foreign Direct Investment

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”.

Belgian City of Mechelen Embraces Integration

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.

Trying to Make Immigration an Option Rather than a Need in Latin America

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.

World Bank Must Stop Encouraging Harmful Tax Competition

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”.

Why American Overseas Aid Should Focus on SDGs?

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.

Greater Cooperation To Strengthen Taxation

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.

Global Companies Give Africa a Second Look

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.

Africa Moves Towards Third Industrial Development Decade

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.

A Trump Doctrine of Hypocrisy

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.

South-South trade cooperation key to sustainable and inclusive model of globalization

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.

Transformative Power of Literacy in Today’s Digitalized Society

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

Soy Changes Map of Brazil, Set to Become World’s Leading Producer

“Our wealth lies in the climate, not in the land,” said Antonio Galván, president of the Rural Union of Sinop, a municipality created just 37 years ago, which has prospered due to the continued expansion of soy in Brazil.

Leadership Failure Perpetuates Stagnation

What kind of leadership does the world need now? US President Franklin Delano Roosevelt’s leadership was undoubtedly extraordinary. His New Deal flew in the face of the contemporary economic orthodoxy, begun even before Keynes’ General Theory was published in 1936.

Central America Fights Climate Change with Minimal Foreign Aid

Despite the fact that Central America is one of the regions most vulnerable to climate change, it has half-empty coffers when it comes to funding efforts against the phenomenon, in part because it receives mere crumbs in foreign aid to face the impacts of the rise in temperatures.

China Seeks to Export Its Green Finance Model to the World

Hand in hand with UN Environment and the Inter-American Development Bank (IDB), the People’s Bank of China (PBoC) disembarked in the Argentine capital to prompt this country to adopt and promote the agenda of so-called green finance, which supports clean or sustainable development projects and combats climate change.

Early Death in Russia

The transition to market economy and democracy in the Russian Federation in the early 1990s dramatically increased mortality and shortened life expectancy. The steep upsurge in mortality and the decline in life expectancy in Russia are the largest ever recorded anywhere in peacetime in the absence of catastrophes such as war, plague or famine.

We Have to Reclaim the Public Policy Space for SDGs

At the High-Level Political Forum which currently takes place at the United Nations in New York several events, for instance a SDG Business Forum, are devoted to the critical role of business and public-private partnerships (PPPs) in implementing the 2030 Agenda for Sustainable Development.

Global Devaluation of Work Drives Up Unemployment in Brazil

In addition to driving up the number of unemployed people to 14.2 million, the severe recession of the last two years led Brazil to join the global trend of flexibilisation of labour laws in order to further reduce labour costs.

Crisis in the Gulf: Escalation or negotiation?

Turkey’s parliament is this week fast tracking the dispatch of up to 3,000 troops to Qatar, home to the country’s military base in the Middle East. Certain to stiffen Qatar’s resolve to resist Saudi and UAE-led pressure to force it to change policies, the Turkish move comes amid hints that the kingdom and its allies may seek to undermine the rule of Qatari emir Sheikh Tamim bin Hamad Al Thani.

In Volatile Times, the U.A.E. calls for Tolerance

With terror attacks on the increase worldwide, there are more people today who believe that it has something to do with the religion of Islam.

Secret Companies Allow Corrupt Cash to Flood Key Real Estate Markets

The governments of Australia, Canada, the UK and the US need to close glaring legal loopholes to prevent the corrupt elite from laundering the proceeds of grand corruption in their local real estate markets, a major anti-corruption watchdog urges.

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