Developing countries are likely losing more than a trillion dollars a year in "illicit financial flows" stemming from crime and corruption, according to new estimates. This fast-rising figure is already 10 times the total amount of foreign aid these countries are receiving.
The eighth G20 Summit convened in St. Petersburg on Sept. 5-6, 2013 was dominated by the Syrian crisis, deflecting attention from the mandate of the gathering to serve as the premier forum for international economic coordination.
With President Barack Obama facing increasingly certain defeat in his quest for Congressional authorisation to carry out military strikes against Syria, the Russian government Monday appeared to offer the White House a way out of the crisis.
With a week of intense lobbying behind him, U.S. President Barack Obama looks increasingly beleaguered - both at home and abroad - in his effort to rally support for a military strike against Syria to punish its government for its alleged Aug. 21 chemical-weapons attack outside Damascus.
Finance ministers from the Group of 20 (G20) countries on Friday received a previously requested strategy under which the world’s largest economies could crack down on international tax avoidance, particularly on the part of multinational corporations.
As the global South claims a greater share of the world's GDP, is it also progressing in terms of overall human development? How has this southward tipping of the scale affected the dynamics of international trade? What is the role of global governance in mediating this period of change?
If Herod the Great was a controversial figure of his time, 2,000 years on the controversy isn’t about his legacy; it’s about who holds the rights to excavate and preserve his artefacts.
Despite a sudden increase in July this year, prices of cereals on world markets remained fairly stable. But there are no grounds for complacency, as cereals markets remain vulnerable to supply shocks and disruptive policy measures. In this context, the good harvests that are expected in the Southern Hemisphere are important.
In the aftermath of last week’s elections to the International Monetary Fund (IMF)’s executive board, Brazil and others are expressing frustration that a reforms process aimed at increasing the representation of developing countries is being stymied by European countries.
The United States is lagging far behind other developed countries in its policies aimed at improving global prosperity, according to new research.
The release of the final communiqué of the Group of 20 (G20) summit in Los Cabos, Mexico, on Tuesday evening has been met with widespread derision from observers across the ideological spectrum.
Water shortages, hotel development projects, overfishing and the impacts of mining activities are among the main environmental problems in the region of Los Cabos, the venue for the summit of the Group of 20 (G20) leading economies.
As leaders of the Group of 20 (G20) countries head into a second day of talks at the grouping's seventh summit this week in Los Cabos, Mexico, calls are strengthening for a new debate around the group's lack of accountability.
The head of the International Monetary Fund (IMF), Christine Lagarde, on Wednesday urged countries to act on a suite of reform measures that would significantly increase the voices of developing countries within the agency.
Business will push for the freeing up of trade in green goods and services, at the upcoming summit of heads of state of the Group of 20 (G20) industrialised and emerging countries in Mexico.