Economic Growth

Kenya’s Economy Sees Growth at Top But No ‘Trickle-Down’

David Kamau is a small-scale maize farmer in Nyeri, Central Kenya, some 153 kms from the capital Nairobi. He recently diversified into carrot farming but is still not making a profit.

UNIDO Development Initiative Gains Momentum in ACP Nations

The inclusive and sustainable industrial development (ISID) initiative of the U.N. Industrial Development Organisation to promote industrial development for poverty reduction, inclusive globalisation and environmental sustainability is gaining momentum in the countries of the African, Caribbean and Pacific (ACP) group. 

Afghan Concern Over Western Disengagement

The U.S./NATO International Security Assistance Force Joint Command lowered its flag for the last time in Afghanistan on Dec. 8, after 13 years. The ISAF mission officially ends on Dec. 31, and will be replaced on Jan. 1, 2015 by “Resolute Support”, a new, narrow-mandate mission to train, advise and assist the Afghan National Security Forces.

Will Myanmar’s ‘Triple Transition’ Help Eradicate Crushing Poverty?

Myanmar is never out of the news for long. This has been the case since a popular uprising challenged military rule in 1988. For over two decades, the country was featured in mainstream media primarily as one unable to cope with its own internal contradictions, a nation crippled by military rule.

Down With Sustainable Development! Long Live Convivial Degrowth!

For anyone who recently attended the Fourth International Conference on Degrowth in Leipzig, Germany, listening in on conference talk, surrounded by the ecologically savvy, one quickly noticed that no one was singing the praises of sustainable development.

Kenya on the Right Economic Path But Challenges Abound

Each year on Dec. 10, Lucy Mwende and her two children hop aboard a night bus and travel to the white sandy beaches and warm waters of Kenya’s Indian Ocean, some 441 km from the capital, Nairobi.

UNIDO Comes a Long Way

The United Nations Industrial Development Organisation (UNIDO) has come a long way since 1997, when it faced the risk of closure in the aftermath of the end of the Cold War.

UNIDO Forum Expresses Cautious Optimism on Ethiopia’s Economic Strides

With annual economic growth rates of over 10 percent and attractive investment conditions due to low infrastructural and labour costs, Ethiopia is eagerly trying to rise from the status of low-income to middle-income country in the next 10 years.

OPINION: Europe is Positioning Itself Outside the International Race

The new European Commission looks more like an experiment in balancing opposite forces than an institution that is run by some kind of governance. It will probably end up being paralysed by internal conflicts, which is the last thing it needs.

Sustaining the Future Through Culture

International experts working in the creative sector are calling for governments to recognise the integral role that culture plays in development and to ensure that culture is a part of the post-2015 United Nations development goals, to be discussed next year.

Only the Crazy and Economists Believe Growth is Endless

From the mid-20th century onwards, economic growth has come to count as a self-evident goal in economic policies and GDP to be seen as the most important index for measuring economic activities.

OPINION: Invest in Young People to Harness Africa’s Demographic Dividend

Different issues will be competing for the attention of different African leaders attending the 69th United Nations General Assembly Special Session on International Conference on Population and Development (ICPD) Beyond 2014 in New York on Sep 22.

Trade Facilitation Will Support African Industrialisation

In the 1960s, there were high hopes for the development of the newly-independent sub-Saharan African countries but these hopes were quickly dashed following a series of shocks which began in the mid-70s, with the first oil price spikes, followed by a severe decline in growth and increase in poverty in the 80s and early 90s.

Inequality and Democracy

Not a day goes by without news on the growing inequality that is the telling indicator of the kind of economic model in which we have put ourselves, following the neoliberal binge unleashed by the Washington Consensus. The idea that economic growth is “a rising tide lifting all boats”, as the late Margaret Thatcher declared when she announced war on the welfare state, and its twin “capital will trickle down to everybody”, are now totally discredited. Facts, as it has been said, are stubborn.

Economic Crisis in Mali’s North as the South Recovers

Under the harsh Sunday afternoon sun, Daouda Dicko washes his client’s clothes on the shore of the Niger River, which runs through Mali’s capital, Bamako. “I started doing this to survive two years ago. Now, I am used to it and I don’t mind the extra money it brings,” Dicko, who also works as a gardener, tells IPS.

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