Economy & Trade

Could the Finance Sector Hold the Key to Ending Deforestation?

At the beginning of 2020, there were hopes that this would be a ’super year for nature’. It has not turned out that way. Tropical forests, so crucial for biodiversity, the climate and the indigenous communities who live in them, have continued to be destroyed at alarming rates. In fact, despite the shutdown of large parts of the global economy, rates of deforestation globally have increased since last year.

Farmers Will (Again) Feed the World

Wealthier countries struggling to contain the widening COVID-19 pandemic amid protests over lockdowns and restrictions risk ignoring an even greater danger out there – a looming global food emergency.

Japan Should Lead Charge for Equitable Access to COVID-19 Vaccines

Japan should step up and play a role as a global facilitator for equitable access to COVID-19 vaccines, Dr Daisaku Higashi said at a recent Japan Parliamentarians Federation for Population (JPFP) study meeting.

My Voice, Our Equal Future! Joining the Chorus of Girls Who Are Speaking up for Change

Girls are change makers and world shapers! When girls speak up, they are a powerful force to be reckoned with.

Vietnam and Cambodia: Leveraging Support to Enhance Climate Ambition

The COVID-19 pandemic has disrupted nearly every facet of our lives and delayed what was slated to be a landmark Conference of the Parties (COP26). This pivotal year marks the first due date for countries to submit revised national climate plans per the five-year cycle required by the Paris Agreement. Remarkably, countries are still moving forward with renewed urgency. And many countries are integrating green recovery into their COVID-19 responses, further contributing to climate action. While many countries have positive stories to tell, both of our nations, Vietnam and Cambodia, are sterling examples of nations taking strong, decisive action, particularly with support through the NDC Partnership. Just last month, the people of Vietnam submitted their updated national climate plan and, in short order, the people of Cambodia will do likewise.

Mexican’s Labor Rights Closely Watched… by the US

As many have observed worldwide, the outcome of the US presidential elections has been, as expected - full of hope and fear. Many people had the bad feeling that if Trump were to be re-elected, the uncertainty, already enormous due to the pandemic and its effects, would jeopardize the economic recovery worldwide. The triumph of Democrat Biden does not guarantee great solutions, but at the least offers a little more of transparency, certainty, and stability.

Eswatini makes Progress on NDCs thanks to Crucial Partnership Support

Barry de Maine, the director of Green Cross Pharmacy, lost about $ 7,675 worth of stock when The Mall, the largest shopping centre in Mbabane, was flooded back in 2003. But when the flash floods hit again this year, he had already installed a flange to stop water from coming in. “This is the best I could do under the circumstances,” De Maine told IPS, adding: “Otherwise since we started experiencing floods at The Mall (17 years ago) nothing has been done.”

COVID-19 Compounding Inequalities

The United Nations’ renamed World Social Report 2020 (WSR 2020) argued that income inequality is rising in most developed countries, and some middle-income countries, including China, the world’s fastest growing economy in recent decades. Inequality dimensions While overall inter-country inequalities may have declined owing to the rapid growth of economies like China, India and East Asia, national inequalities have been growing for much of the world’s population, generating resentment.

Reversing the Rohingya Crisis: One Woman at a Time

“This is a crisis without a quick fix that could take years to resolve unless there are concerted efforts to address its root causes”, says Manuel Fontaine, UNICEF Director of Emergency Programmes.

African Languages Matter: Is There Still Time to Prevent Cultural Genocide?

As a 10 year-old newly arrived in Lagos from England, I recall listening intently to how the Yoruba language - my father's language - was spoken. I would constantly repeat in my head or verbally repeat what I thought I had heard. I was not always successful. Many times, what would come out of my mouth would throw my friends into fits of laughter.

Working Class Bears Disproportionate Burden of COVID-19 Economic Fallout

Back in May 2019, we were visiting a large garment factory in Arsikere, Karnataka, when we asked some of the workers, “What would you do if you got Saturdays off?” Their responses to this simple question summed up their priorities. A majority said they would spend time with family or friends and take care of their children. Many said they would use this time to relax or do household chores. Only a few said they’d look for additional pay.

Secretive Mega-Trade Deal Rules Could Harm Asia’s Covid-19 Recovery

Fifteen countries will sign a mega-trade deal at the ASEAN conference this weekend imposing secretive restrictions on how governments help workers through the pandemic, trade union leaders and parliamentarians have warned.

What does the second wave of Covid-19 mean for the apparel industry?

During the past few months, I had worked on a documentary for the BBC which looks at the impact of the coronavirus pandemic on the apparel industry of Bangladesh. That documentary caught me at an exceptionally low ebb. I was struggling amid the cancellation of orders and some brands being unwilling to pay for orders which had already been shipped.

Vietnam Takes the Lead on Indo-Pacific Economic Integration

This was the year that Vietnam was poised to make progress on its rise as a regional leader. Under the auspices of Vietnam’s ASEAN chairmanship, a breakthrough in global trade has been achieved despite rising protectionism and a global pandemic.

Is Development for the World Bank Mainly Doing Business?

The World Bank has finally given up defending its controversial, but influential Doing Business Report (DBR). In August, the Bank “paused” publication of the DBR due to a “number of irregularities” after its much criticized ranking system was exposed as fraudulent.

From Paraguay to Italy: Development at All Costs

I am speaking with Gladys and Raúl about civic space in Paraguay, when Raúl suddenly tells me about the fires. Thick smoke has reached the capital Asunción where he is based. In October, Paraguay became Dante’s Inferno.

Pandemic Induced Drop in Remittance Flows to South Asia

Remittances are an essential part of economic activity in low and middle-income countries (LMIC), including those in South Asia. Because of the pandemic remittances to LMIC are expected to drop from $548 billion on 2019 to $508 billion in 2020 and $470 billion in 2021. The implied growth rates for 2020 and 2021 are -7.2% and -7.5%. For South Asia the drop will be from $140 billion in 2019 to $135 billion in 2020 and $ 120 billion in 2021 with implied growth rates of -3.6% and -10.9%. https://www.knomad.org/publication/migration-and-development-brief-33

South Africa Has Failed to Harness the Digital Revolution: How It Can Fix the Problem

The COVID-19 pandemic has precipitated a migration from physical work spaces in many sectors of the economy to online, digital services, supported by staff working from home. Parts of the economy such as mining, manufacturing and hospitality still require workers to be physically present. But other sectors have discovered that virtual platforms are effective substitutes for offices.

Solving the Challenge of Food Security Key to Peacebuilding in the Sahel

In 2013, when Jamila Ben Baba started her company, the first privately owned slaughterhouse in Mali, she did so in the midst of a civil war as Tuareg rebels grouped together in an attempt to administer a new northern state called Azawad. Ben Baba, who is originally from Timbuktu, in northern Mali — where much of the civil war conflict took place — based the business in the country’s western region of Kayes and grew it into what is considered the largest private slaughter house in the West African nation.

Driving Climate Change from the Top in the Dominican Republic

When President Luis Abinader arrived at his inauguration in an electrically driven car as a symbolic gesture of his Government’s intentions to make sustainable development one of its main objectives – he signalled the start of addressing climate change commitments in the country.

Economic Trends and What’s Important in Life

US third quarter GDP numbers released two weeks ago delighted stock markets and President Trump. Output had picked up by 7.4%, annualised as 33.1%, the largest quarterly economic growth on record, almost double the old record of 3.9% (annualised as 16.7%) in the first quarter of 1950, seven decades ago.

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