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Friday, December 1, 2023
News and Views from the Global South
Economy & Trade
Harnessing Data to Advocate for Safer Roads – UN Support for Sustainable Financing
Even as the world recovers from the COVID-19 pandemic it will still face an epidemic on its roads, claiming over one million lives and injuring up to 50 million people annually. Against this head-spinning backdrop, making decisions that allow us to achieve the Sustainable Development Goal target of a 50% reduction in road deaths can feel like walking blindfolded.
Rich Distort Climate Problems, Offer Self-Serving Solutions
Many in the wealthy West have misrepresented the causes of global warming, offering false solutions while claiming the high moral ground. This distracts attention from how they became wealthy while emitting greenhouse gases.
Suicide, Another Face of the Crisis in Venezuela
In the wee hours of one morning in early November, Ernesto, 50, swallowed several glasses of a cocktail of drugs and alcohol in the apartment where he lived alone in the Venezuelan capital, ending a life tormented by declining health and lack of resources to cope as he would have liked.
Argentina Plunges into the Unknown
For many of Argentina’s voters the choice on 19 November was between the lesser of two evils: Sergio Massa, the minister overseeing an economy with the world’s third-highest inflation rate, or Javier Milei, an erratic far-right libertarian outsider promising to shut down the Central Bank, adopt the US dollar as the currency, cut taxes and privatise public services.
Dear World Leaders, Are You Listening Now?
Another year and another UN climate change conference. As our ‘world leaders’ prepare for two air-conditioned weeks of wrangling at COP28 in Dubai later this month, forgive us for sounding underwhelmed, despairing, and even cynical about these annual jamborees where actions rarely match promises.
Middle-Income Country Trap?
In recent decades, failure to sustain economic progress has been blamed on a supposed middle-income country (MIC) trap. Such blaming obscures as much as it supposedly explains.
Pacific Games Channels Youth Aspirations in the Solomon Islands
The Pacific Games, the most prestigious sporting event in the Pacific Islands region, will open in the Solomon Islands in the southwest Pacific on 19 November. And it is set to shine a spotlight on the energy, hopes and aspirations of youths who comprise the majority of the country’s population.
Argentines Get Used to the Fact that Inflation Can Always Get Worse
People in Argentina have become accustomed to the fact that nothing costs the same today as it did the week before and they take price hikes in stride with resignation, says Mariano Cohen. "Almost nobody gets angry or complains anymore. They just don't buy something if they can't afford it," he explains in his disposable goods store in Villa Crespo, one of Buenos Aires' most commercial neighborhoods.
Good for Girls and Good for the Planet: Eco-Friendly Sanitary Towels
’Going Green’ seems to Dr Jacquline Kisato's favorite catchphrase as she passionately explains her eco-friendly sanitary towel, a product she expects will help empower women and young girls while also putting money into farmers’ pockets.
IPEF: New Cold War Weapon Backfires
US President Joe Biden’s Indo-Pacific Framework for Prosperity (IPEF) is the economic arm of his administration’s Indo-Pacific Strategy, aimed at countering China’s influence in the region.
Forced Labor: Exposing Dark Web of Fisheries Labor Abuses
It is a terrifying life experience, cut off from the world and trapped in forced labour aboard fishing vessels, often in high seas or seas beyond the territorial waters of any state. The fishers are isolated under hazardous and horrific working conditions under limited regulatory oversight. More than 128,000 fishers were trapped in forced labour aboard fishing vessels in 2021 alone.
PPPs Fiscal Hoax Is a Blank Financial Silver Bullet
Public-private partnerships (PPPs) for infrastructure and service provision are both costly and risky. Worse, PPPs typically fail to ensure universal, let alone fair access to public amenities.
Argentina: Unpalatable Choices in Election Plagued with Uncertainty
For many of Argentina’s voters the choice in the 19 November presidential runoff is between the lesser of two evils: Sergio Massa, economy minister of a government that’s presiding over a once-in-a-generation economic meltdown with a whopping 140-per cent inflation rate, or Javier Milei, a far-right libertarian who admires Donald Trump, wants to shut down the Central Bank and wields a chainsaw in public as a symbol of his willingness to slash the state. Many will rue that it ever came to this.
Kashmir’s Apple Industry Faces Dire Threats as Climate Change Takes its Toll
Of Kashmir’s seven million inhabitants, a staggering one million rely directly on apple farming. The region is pivotal in India’s apple and horticulture production, contributing to over 70 percent of the country’s apple supply. This not only provides income to farmers but also sustains a vast network of laborers, traders, and transporters within the fruit economy.
Hurricane Otis and the Indifference Toward the Children of Acapulco
Acapulco is a paradise. A port of golden sunsets, toasted sand, and deep blue sea. Its dream beaches captivated the hearts of Elvis Presley and Elizabeth Taylor. US President John F. Kennedy chose its shores to spend his honeymoon with Jackie Kennedy. Its luxury hotels and the untamed sea made it the most famous tourist destination in Mexico.
Venezuela’s Young Women Particularly Vulnerable to the Crisis
Hemmed in by poverty, with barely two days of school a week, and often at risk of unwanted pregnancy or the uncertain prospect of emigration, young women and adolescents are among the main victims of the ongoing crisis in Venezuela.
Even Rich Nations Now Worried About ISDS
Governments the world over are worried about investor-state dispute settlement (ISDS) rules. These allow foreign investors to sue them for billions over new laws or policies reducing their profits.
Innovative Financial Services Transform Agricultural Entrepreneurship in Africa
Smallholder agricultural enterprises in Africa face a lot of challenges getting loans from financial institutions like banks due to the stringent requirements they can hardly fulfil. Investor confidence is usually lacking, given the risks involved in this sector of the economy.
Community Solutions Combat Water Shortages in Peru’s Highlands
The lack of water is so severe in Peru's highlands that farming families are forced to sell their livestock because they cannot feed them. "There is no grass or fodder to feed them," says Fermina Quispe, a Quechua farmer from a rural community located at 4,200 meters above sea level.
Uganda: When Climate Justice Becomes Climate Justice Denied
On December 4, 2019, landslides in the Bududa region of Uganda killed 20. The landslides occurred after heavy rains, and a Red Cross report estimated that 96 households were affected, with 49 houses destroyed. It displaced many, while others continued to live in high-risk areas that could "slide at any moment."
Climate Change Turns African Rivers into Epicentres of Conflict
Almost all major river basins in Africa have become the epicentres for conflicts over the last 20 years, and agricultural yields on the continent could drop by up to 50 percent in the coming years owing to the drying up of 'traditional' water sources, thanks in part to effects climate change and degradation of the environment, the inaugural edition of the State of Africa's Environment Report 2023 released in Nairobi finds.Next Page »
Trade has historically been a geopolitical tool, creating significant economic imbalances in developing countries. However, many countries in East Asia and Latin America have been able to alleviate poverty due to increasing trade. Tackling poverty has proven to be much harder in low income countries in sub-Saharan Africa, Asia and Latin America, and their dismal trade performance is one important reason for that. They remain at the margins of world trade and indeed of the world economy. These articles are aimed at informing readers about the complexities of trade and its varying effects on development, with a special focus on the consequences of the global economic crisis, the potential of fair trade and the gender implications of trade policies.
The Week with IPS
NEXT STOP - SDGs
Tracking global progress towards a sustainable world
Tracking global progress towards a sustainable world
