Economy & Trade

As the World’s Population Hits 8 Billion People, UN Calls for Solidarity in Advancing Sustainable Development for All

The global population is projected to reach 8 billion on 15 November 2022, signalling major improvements in public health that have lowered the risk of dying and increased life expectancy. But the moment is also a clarion call for humanity to look beyond the numbers and meet its shared responsibility to protect people and the planet, starting with the most vulnerable.

COP27 Fiddling as World Warms

The latest annual climate conference has begun in the face of a worsening climate crisis and further retreats by rich nations following the energy crisis induced by NATO sanctions after the Russian invasion of Ukraine. Copping out again The 27th Conference of the Parties (COP 27) to the United Nations Framework Convention on Climate Change (UNFCCC) is now meeting in Sharm-el-Sheikh, Egypt, from 6 to 18 November 2022.

Market Lords, Much More than a War, Behind World’s Food Crisis

While grain exports continue to regularly flow to world's markets since the July 2022 Turkey-brokered agreement between Russia and Ukraine to resume cereals and fertilisers shipments from both countries, food prices are still skyrocketing everywhere. How come?

A World of 8 Billion: Population Growth Will Continue But it’s Slowing Down

Global population is about to reach 8 billion, a mere 11 years after it reached 7 billion. The official Day of 8 Billion is observed by the UN November 15, though it's hard to pinpoint exactly when we pass the actual milestone.

Making the UN Charter a Reality: Towards a New Approach to Development Cooperation?

We are living in a world where both our bilateral and multilateral achievements, consensuses on human rights and social justice, and our resolve to public good are being tested like never before.

Limits to Growth: Inconvenient Truth of Our Times

Ahead of the first United Nations environmental summit in Stockholm in 1972, a group of scientists prepared The Limits to Growth report for the Club of Rome. It showed planet Earth’s finite natural resources cannot support ever-growing human consumption.

COP 15: It’s Time to Decide on a Future

It is no secret that humankind’s past actions have accelerated the deterioration of ecosystems, negatively impacting our economies, societies, health, and cultures. It is estimated that humans have altered over 97% of ecosystems worldwide, to date. One million species are currently threatened with extinction (IPBES). The writing on the wall is clear. Our planet is in crisis. The sobering reality is that if we continue on our current trajectory, biodiversity and the services it provides will continue to decline, jeopardizing the achievement of the Sustainable Development Goals and our lives as we know them. The decline in biodiversity is expected to further accelerate unless effective action is taken to address the underlying causes of biodiversity loss. These causes are often justified by societal values, norms and behaviors. Some examples include unsustainable production and consumption patterns, human population dynamics and trends, and technological innovation patterns.

Campaign for a Fossil Fuels Non-proliferation Treaty Gathers Steam

When it comes to moral endorsements, having the Vatican’s backing takes some beating. So the international campaign for a legally binding Fossil Fuel Non-Proliferation Treaty took a huge step forward in July when Cardinal Michael Czerny, the prefect of the Dicastery for Promoting Integral Human Development, gave it his total support.

Counting the Massive Financial Costs of Illegal Fishing

As a new report lays bare the massive financial costs to developing states of illegal fishing, campaigners are hoping that drawing attention to the practice’s devastating economic effects will help push governments to greater action against the illicit trade.

Early Coal Retirement: How about a Global Auction

Report after report highlights that we can only achieve the greenhouse gas (GHG) emission reductions required by the climate goals of the Paris Agreement if much of the existing coal power generation capacity is retired early.  To this end, one concept that deserves greater consideration is conducting an auction for early retirement of coal power plants worldwide: a global coal retirement auction. This article sets out the broad outlines of how this global auction might operate.

Oil Exporters Make Markets, Not War

The decision to cut oil production by the Organization of Petroleum Exporting Countries (OPEC) and its allies as of Nov. 1 comes in response to the need to face a shrinking market, although it also forms part of the current clash between Russia and the West.

Developing Countries Need Monetary Financing

Developing countries have long been told to avoid borrowing from central banks (CBs) to finance government spending. Many have even legislated against CB financing of fiscal expenditure. Central bank fiscal financing Such laws are supposedly needed to curb inflation – below 5%, if not 2% – to accelerate growth. These arrangements have also constrained a potential CB developmental role and government ability to respond better to crises.

A New Digitalisation Effort in Bangladesh Could Change Community Health Globally

The digital transformation of thousands of community health workers in Bangladesh has dramatically enhanced their work, while enabling the creation and tracking of a healthcare database covering 64 million people. The resulting model holds remarkable promise for the health of the world, especially in the context of evolving pandemics.

Artisanal Miners Ruining Already Diminishing Forests in Zimbabwe

With homemade tents scattered about, hordes of artisanal gold miners throng parts of Mazowe village in Zimbabwe’s Mashonaland Central Province, where they have cut down thousands of trees to process gold ore.

How China Can Retire Coal Early in Pakistan and Elsewhere Through the BRI

With COP 27 approaching, pressure is mounting on wealthy countries to increase their support to poorer ones in the face of climate change. The recent floods in Pakistan have amplified this issue.  China, as the world’s second largest economy, will similarly face increasing pressure to help other developing countries on climate. 

War, Greed and Mass Manipulation

In his treatise On War, the Prussian general Carl von Clausewitz (1780–1831) stated that war is “merely a continuation of policy with other means”. With his experience from the Napoleonic Wars von Clausewitz knew that totalitarian regimes could end up conducting huge and ruthless military campaigns. Furthermore, he assumed that to win a war it is necessary to mobilize and indoctrinate the inhabitants of an entire nation. Such an endeavour is called total war, a term that actually can be applied to Putin’s war in Ukraine.

While Developing Nations Hang on to a Cliff’s Edge, G20 & IMF Officials Repeat Empty Words at Their Annual Meetings

Held in-person for the first time in three years, the annual meetings of the International Monetary Fund and World Bank last week in Washington, D.C. failed to offer solutions to the dozens of developing countries in debt distress or on the forewarned global recession instigated by monetary tightening.

Macroeconomic Policy Coordination More One-Sided, Ineffective

Widespread adverse reactions to the UK government’s recent ‘mini-budget’ forced new Prime Minister Liz Truss to resign. The episode highlighted problems of macroeconomic policy coordination and the interests involved.

Europe in Its Labyrinth

European politicians continue to run in all directions to find a way out of their energy crisis. One of them – Simonetta Sommaruga, the Swiss Environment Minister, asked people to ‘shower together’. Others are competing to grant the business of transporting energy from the North of Africa to the continent. All this is not new.

Indian Village Unlocks Treasure of Organic, Indigenous Farming

At Jhargram, a far-flung village in India’s West Bengal state, a group of farmers sit together in one of the open fields. They debate, deliberate, and confabulate about the marketing strategy they should use when selling their harvest on the open market.

Austerity: A Raging Storm for the Developing World that can be Avoided

Finance ministers of the G20 and the world met in Washington, October 10-16, to discuss how to navigate multiple crises, including rising cost-of-living, broken global supply chains, climate shocks, and the lingering COVID-19 pandemic.

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