Economy & Trade

More than 90 per cent of Africa Migrants Would Make Perilous Europe Journey Again, Despite the Risks

A landmark UN migration study published on Monday shows that 93 per cent of Africans making the journey to European countries along irregular routes, would do it again, despite facing often life-threatening danger.

Agro-tech Offers Answers for African Farmers at Iowa Meet

Experts vaunted new strains of seeds, drone aircraft and other technological breakthroughs as solutions-in-the-making for farmers in Africa, where hunger, drought and food price hikes are continent-wide problems.

Africa’s Investment Drive Gathers Pace

Headwinds are blowing amid IMF warnings of a “synchronised slowdown” in global economic growth, yet Africa’s investment drive is still gathering pace, supported by intense international competition in development finance.

2019 Africa Investment Forum: African Development Bank and partners gear up for new heights

In just a few weeks, the second edition of the annual Africa Investment Forum will kick off in Johannesburg, South Africa, with development finance institutions determined to tackle the continent’s infrastructure investment challenges and advance Africa’s economic transformation agenda.

Beaten and Tortured for a Ransom, Lured by the Promise of a Livelihood

After his father passed away two years ago, the burden of caring for a six-member family rested on the shoulders of the now 19-year-old Farhad Hossain. He had no clue how he would support his family and pay for the education of his four younger siblings. 

Global Challenges for the ‘NextGen’

Success has many parents – so the saying goes. In the case of the massive successes of international agricultural research, no one person can claim parentage. There are heroes along the way such as Norman Borlaug and his early cereal breeding, and the team that eliminated the cattle disease Rinderpest from the world – smallpox is the only other disease that has been totally eradicated. Another is the founder of The Crawford Fund, Derek Tribe, who was also instrumental in the creation of what is now the International Livestock Research Institute (ILRI), which I chair. However, it would be more correct to highlight the thousands of scientists who have contributed to the world’s greatest feat of feeding an extra three billion people when pundits said it was impossible.

OECD Tax Reform Proposal Could Be Better

The OECD Secretariat published its proposed ‘unified approach’ to reform international tax rules to address tax challenges posed by digitalization on 9 October 2019. Under current rules, there is little chance of a company being taxed without its physical presence in the country concerned. But digitalization enables many businesses to remotely conduct economic activities affecting a national economy without a direct physical presence.

Free Trade is Dead

In recent years, global trade and trade policy have become central socio-political issues. The planned EU-US trade agreement TTIP triggered an unprecedented storm of indignation and resistance.

Trade costs of non-tariff measures now more than double that of tariffs, finds new UN report

(ESCAP News) – While applied tariffs in the Asia-Pacific region have halved over the past two decades, the number of non-tariff measures (NTMs) – policy regulations other than tariffs affecting international trade - has risen significantly, according to a new report launched today by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the United Nations Conference on Trade and Development (UNCTAD).

Rural Poverty Is Still a Scar on the Soul of Colombia, but a New Program Supporting Agri-Entrepreneurship Can Help Heal the Wounds

Rural poverty and inequality continue inflicting large swaths of population in Colombia, especially in rural areas. This situation, endemic since at least the beginning of the twentieth century, was at the root of the 50-year long conflict that shattered the country, leaving 220,000 deaths and 5.7 million displaced persons, and devastating a significant part of the rural areas, where government services and infrastructure vanished.

The #MeToo Movement’s Powerful New Tool

If one dreamed up an ambitious global #metoo success story, it might involve governments around the world enthusiastically supporting legal norms and action on sexual harassment with active support and cooperation from businesses and workers.

Austerity, the “New Normal”

While this week Ministers of Finance and economists meet in Washington to confront global economic challenges at the IMF and World Bank Annual Meetings, the majority of the world population lives with austerity cuts and see their living standards deteriorating. World leaders must reverse this trend.

“Window of Opportunity to Avoid Catastrophic Climate Change is Fast Shrinking”

“The window of opportunity to avoid catastrophic climate change is fast shrinking,” executive director of the Green Climate Fund (GCF), Yannick Glemarec, tells IPS.

Global Climate Change Investment Heavily Tilted Towards Mitigation and Low on Adaptation

Good news: the graph depicting climate investments has been steadily increasing. Climbing from the 2012 figure of $360 billion in climate investments across the world to close to $600 billion currently.

‘Salty’ Concern: Tackling High Salt Consumption in China

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.

Africa’s Mineral Wealth May Just have to Stay in the Ground to Protect a Changing Climate

As a result of climate change, resource extraction industries in Africa will be impacted by asset stranding, researchers say.

The Rise of Phantom Investments

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.

Human Trafficking – It Came Disguised as the Opportunity of a Lifetime

Six years ago Mary Njambi* received news of a once-in-a-lifetime job opportunity far away from her poverty-stricken village situated in the heart of Kiambu County, Central Kenya. She was 20 years old, a single mother and out of work.

How Media Technocrats Manipulate Public Opinion

In a 1974 article, Woody Allen poked fun at biblical stories presenting ludicrous paraphrases of The Book of Job, Abraham´s intended sacrifice of his son Isaac, as well as The Book of Proverbs. One of Allen´s invented proverbs was: “The wicked at heart probably know something”, thus implementing that the “pure of heart”, i.e. credulous people, know nothing. 1

China Wants to Mainstream Environmental Protection

In the 2014 China-US joint announcement on climate change, China promised to peak its greenhouse gas (GHG) emissions around 2030. Later this commitment was cemented in the Paris Agreement signed in 2016.

Getting out of a Jam in Dhaka

Bangladesh’s capital has some of the worst traffic in the world. But hope is on the way in the shape of a new mass rapid transit system.

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