For years, many policy makers, including economists, have clung to the belief that if states do nothing to boost income equality, market forces will cause wealth to trickle down to the poorest citizens and contribute to overall growth.
African countries fought hard for the Kyoto Protocol
not to die on African soil at the 2011 Climate Change Conference in South Africa, but they say it is now languishing in limbo because developed countries are taking what they called “baby steps" towards ratification of the Doha Amendment
that gave it a new lease of life.
As the international community wades into the political discussions regarding the alternatives to the Millennium Development Goals (MDGs) after 2015 and the design of the Sustainable Development Goals (SDGs) as mandated by the Rio+20 conference, it is timely to consider the question of whether development is a matter mostly of individual effort on the part of nation-states or whether there are elements in the international economic system that could serve as significant obstacles to national development efforts.
If former New York mayor Michael Bloomberg had used the Vélib’
- Paris’ public bicycle sharing system - to arrive at the headquarters of the Organisation for Economic Cooperation and Development here Wednesday, he might have sent a stronger message about the need for cities to be “empowered to take the lead in combating climate change”.
The official outlook for agriculture up to 2023 carries optimistic forecasts for agricultural productivity and commodity prices but it is unlikely that the benefits will be shared by the world’s poorest.
Inequality, poor infrastructure and declining trade are some of the problems that Latin America needs to overcome if the region truly wishes to achieve a “golden age”, according to Peru’s President Ollanta Humala.
On his first day of fourth grade, Efraín found there were no desks or benches in the classroom in his Mexico City school. His parents had to help the teacher haul in furniture from other rooms so the children wouldn’t have to start the new school year sitting on the floor.
Technology education programmes are increasingly becoming a viable alternative to the standard four-year undergraduate university programme, according to the OECD, a major international grouping of rich countries.
With the level of Western aid to the world’s poorest countries declining amid the global financial crisis, economists are calling for “innovative” means of development that range from proper taxation of multinationals to laws that ensure gender equality.
The global economy is facing strong headwinds that have set back world trade and output growth. Despite the measures implemented in many countries to contain the slowdown, production and employment trends continue to be negative. In the light of these developments, the World Trade Organisation (WTO) recently revised its forecast for world trade growth in 2012
to 2.5 percent, down from the previous 3.7 percent forecast. We foresee a volume of trade growth of 4.5 percent in 2013, below the long-term annual average of five to six percent that we have enjoyed for the last 20 years.
In the 1980's, Caribbean countries wanted to shore up their prospects of social and economic development in the coming decades, so they looked to the financial services sector to spur employment and development. They managed to develop a robust industry, particularly in the Bahamas and the Cayman Islands.
As France’s president-elect Francois Hollande prepares to form a new government, many environmentalists are calling for the appointment of an ecology minister with real power who can deliver on promises to reduce the use of nuclear power as well as cut carbon emissions.