Globalisation

Forced to Flee. Displaced with a Dream. Time for Action.

By Yasmine Sherif
Genesis smiles and holds her hand up proudly to answer questions in class. She claps her hands in support of her classmates when they answer the teachers’ questions correctly. “I miss my cousins and aunts in Venezuela, she says.” Her smile fades and her lips tighten. She struggles to hold back her tears. “I can’t return. I want to stay here in my school, with my new friends.” Her smile returns, as she resolutely states: “I want to become a lawyer, so I can help solve problems.”

Climate Summit Kicks Off, Caught Between Realism and Hope

By Emilio Godoy
Tens of thousands of delegates from state parties began working Monday Dec. 2 in the Spanish capital to pave the way to comply with the Paris Agreement on climate change, while at a parallel summit, representatives of civil society demanded that the international community go further.

Businesses Have Key Role in Safeguarding Human Rights

By Peter Paul van de Wijs
Unanimously endorsed by the UN Human Rights Council in 2011, the Guiding Principles on Business and Human Rights are the authoritative global reference point articulating the responsibilities of companies to respect and protect human rights.

More Austerity for Developing Countries: It’s Bad News, and It’s Avoidable

By Isabel Ortiz and Thomas Stubbs
After years of austerity, a number of Eurozone countries are now considering expansionary fiscal policies. And in the UK, government spending is set to return to levels last seen in the 1970s. But austerity abounds elsewhere in the world, including in some of the poorest countries.

Liberation, Not Liberalization, Responsible for China’s Economic Miracle

By Vladimir Popov and Jomo Kwame Sundaram
Any balanced assessment of the so-called Chinese economic miracle will recognize that it was extremely successful, not only during the reform period from 1979, but also since Liberation in 1949 despite the setbacks of the Great Leap Forward and the Cultural Revolution.

Trade Liberalization for Development?

By Jomo Kwame Sundaram and Anis Chowdhury
The International Monetary Fund (IMF), the World Bank and the World Trade Organization (WTO), all dominated by rich countries, have long promoted trade liberalization as a ‘win-win’ solution for “all people—rich and poor—and all countries—developed and developing countries”, arguing that “the gains are large enough to enable compensation to be provided to the losers”.

If India Stopped Growing, Would the IMF and World Bank Say So?

By Justin Sandefur and Julian Duggan
Leading economic indicators have slowed or reversed. Criticisms of official statistics are mounting. But the IMF and World Bank continue to forecast 6-percent growth by simple extrapolation.

Hollywood and Business Luminaries Spotlight World’s ‘Stateless’ Woes

By James Reinl
Movie star Cate Blanchett and businessman Richard Branson spoke up this week for the millions of people around the world who cannot get passports and other papers because they lack an official nationality.

‘Salty’ Concern: Tackling High Salt Consumption in China

By Veena S. Kulkarni and Raghav Gaiha
China’s almost meteoric transition from a being a low income to a middle income country within a span of four decades is often perceived as a miracle analogous to the post Second World War Japanese economic development experience.

The Rise of Phantom Investments

By Jannick Damgaard, Thomas Elkjaer and Niels Johannesen
According to official statistics, Luxembourg, a country of 600,000 people, hosts as much foreign direct investment (FDI) as the United States and much more than China. Luxembourg’s $4 trillion in FDI comes out to $6.6 million a person.

Countercyclical Fiscal Policy Needed to Counter Global Economic Downturn

By Jomo Kwame Sundaram
A conjuncture of developments, short- and medium-term, have conspired to further slow the world economy. In recent months, the International Monetary Fund (IMF), among others, has acknowledged that global economic prospects are worsening, forcing it to make not one, but at least five consecutive growth forecast revisions, all downward.

We Have Swung into the Dark Ages, Says Nobel Peace Laureate Jody Williams

By Anna Shen
On Monday, United States President Donald Trump continued to float the idea that he should be awarded a Nobel Prize, but that it would never happen because the system was rigged.

Africa’s Industrial Development: Turning Challenges into Opportunities

By Li Yong
When world leaders gathered in New York for the 70th session of the General Assembly back in 2016, and proclaimed the period 2016-2025 as the Third Industrial Development Decade for Africa (IDDA III), it reaffirmed the importance of industrialization in supporting Africa’s own efforts towards sustained, inclusive and sustainable economic growth and accelerated development.

The Social Impact of Economic Inequality

By Blerim Mustafa
Increasing economic inequality is a defining challenge of our time. In recent years, it has triggered analysis and reflection by many scholars, politicians and others on its causes and consequences on economic growth and efficiency, politics and democracy, human rights, individual behaviors, access to health, social cohesion and environmental degradation. The perception that the top 1% of income earners are gaining at the expense of the other 99% has resulted in widespread public debates in many countries on the social and political repercussions of inequality.

World’s Hard Fought Battle Against Climate Change

By Thalif Deen
UN Secretary-General Antonio Guterres describes the ongoing crisis as a “climate emergency”-- as the world continues its hard fought battle against devastating droughts, floods, hurricanes and rising sea levels that threaten the very existence of small island developing states located in low-lying areas.

Rural Bangladesh Families Spend 2.0 Billion Dollars on Climate Change ― Dwarfing Government & International Finance

By Andrew Norton
In an alarming imbalance struggling families in rural Bangladesh spend almost US$2 billion a year on preventing climate-related disasters or repairing damage caused by climate change ― far more than either the Bangladesh government or international bodies.

Key Changes in International Agriculture and Rural Development Issues: Three Priority Areas in the Context of the 2030 Development Agenda

By Karim Hussein
Transformations in international agricultural and rural development issues Some major changes in international agricultural and rural development over the last 30-40 years need to be taken into account in efforts to promote sustainable development and an inclusive rural transformation (IFAD 2016) as we approach the third decade of the millennium. This opinion piece, drawing on a longer article published in Agriculture for Development Journal (Summer 2019 Issue), seeks to stimulate reflection and debate on how work to support agricultural and rural development can evolve to address key challenges and opportunities related to migration, sustainable urbanization and youth in a changing global policy context.

Developing Economies’ Subordinate Financialization

By Jomo Kwame Sundaram and Michael Lim Mah Hui
Rapid financial globalization is due not only to financial innovations, but also to choices made by national policymakers, often with naïve expectations, trusting promoters’ promises of steady net inflows of financial resources.

Culture of Peace Takes Big Stride as UN Observes 20th Anniversary of Norm-Setting 1999 Decision

By Ambassador Anwarul K. Chowdhury
It has been a long, arduous journey – a journey ridden curiously with obstacles and indifference. Two decades have passed by since the UN General Assembly (UNGA) adopted, by consensus and without reservation, its landmark and norm-setting resolution 53/243 on the Declaration and Programme of Action on a Culture of Peace in 1999.

Women Pastoralists Feel Heat of Climate Change

By Sharon Birch-Jeffrey, Africa Renewal
For many people, climate change is about shrinking glaciers, rising sea levels, longer and more intense heatwaves, and other extreme and unpredictable weather patterns.  But for women pastoralists—livestock farmers in the semi-arid lands of Kenya—climate change has forced drastic changes to everyday life, including long and sometimes treacherous journeys to get water.

Europeans Mobilising for New IMF Head

By Adam Tooze
In the grand European political reshuffle of 2019, it turned out that Christine Lagarde was the answer to the conundrum of who should replace Mario Draghi at the European Central Bank. But her move opens another question. Who succeeds Lagarde at the International Monetary Fund?
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