World leaders agreed in 2000 to halve the number of people living in poverty by 2015. The poverty line was defined as the purchasing power parity (PPP) equivalent to a US dollar a day, later adjusted to the 2005 PPP equivalent of $1.25 daily in 2008 to the 2012 PPP equivalent of $1.90 daily in 2015. As the cost of living rise unevenly across the world, the World Bank periodically updates the global poverty line to reflect these changes. Nevertheless, there are many concerns about how the line was defined and has been revised over the decades.
AGITATED markets, a tumbling pound-sterling, a downgraded credit rating: none of these should have been an unexpected outcome of the British electorate’s decision last weekend to opt out of the European Union.
Currently only six percent of humanitarian aid worldwide comes in the form of cash handouts, yet many aid organisations believe that cash transfers should be seen as the rule, not the exception.
Sometimes you just have to lie back and think of England. But how can one think of England without thinking of Shakespeare? And when you think of Shakespeare, how can you ignore Macbeth, his most Scottish of plays, and in particular the line: “we but teach bloody instructions, which being taught, return to plague the inventor”.
AFP - It started with “Grexit” -- the long trumpeted but never realised axing of Greece from the European Union. It was then reborn as “Brexit” as Britain started down the -- this time voluntary -- path of leaving the bloc.
The much-ballyhooed British exit (Brexit) from the 28-member European Union (EU) is likely to have political ramifications at the United Nations – both in the short and the long term.
The hopes of many of those who confidently expected the British electorate to vote, by a slender margin, for the country to remain in the EU have been dashed. All that is left to do now is to ponder the causes and background of this regrettable event, and consider its likely consequences, especially for relations with the United States.
The UK, Europe and the rest of the world will be affected. But there has been no planning for this anywhere.It’s now all up in the air what this Brexit vote will be the starting point of. All we can safely predict is that we are in for interesting times!
The vote turned out like the two referenda held in Norway in 1972 and 1994. And much for the same reason: Protestant break with Rome–Catholic, imperial–Henry VIII made himself head of the Anglican Church in 1534.
Companies, governments and non-profit actors agree that economic growth and sustainable development have to go hand in hand to shape our increasingly globalised world in a fair way.
The Europeans went to bed Thursday night, with exit polls giving a comfortable margin of victory for those who wanted to Remain. The following morning they awakened to find that the real result was the opposite.Specialists in polling say that this happens when electors do not feel comfortable to say how they will rally voters because they are not comfortable, on a rational level, with what they will do. In other words, voters act because of their guts, not because of their brain.
Last month, over two thousand high-level participants from across the world met in Antalya, Turkey for the Midterm Review of the Istanbul Programme of Action, an action plan used to guide sustainable economic development efforts for Least Developed Countries for the 2011 to 2020 period. The main goal was to understand the lessons learnt by the world’s Least Developed Countries (LDCs) over the past five years and apply the knowledge moving forward.
Global economic recovery is being held hostage by the ideological dogma of the last three and a half decades. After long contributing to neo-liberal conventional wisdom, in its October 2015 World Economic Outlook
, the IMF identified the vicious circle undermining global recovery and growth. Low aggregate demand is discouraging investment; slower expected potential growth itself dampens aggregate demand, further limiting investment.
Displacement has increased to unprecedented levels due to war and persecution, the UN Refugee Agency (UNHCR) has found.
“Xenophobic and racist rhetoric seems not only to be on the rise, but also to be becoming more socially and politically acceptable.”The warning has been heralded by the authoritative voice of Mogens Lykketoft, current president of the United Nations General Assembly, who on World Refugee Day on June 20, reacted to the just announced new record number of people displaced from their homes due to conflict and persecution.