According to the World Bank, the MDG target of halving the share of the poor was achieved by 2008, well in advance of 2015, the target year. However, increased unemployment and lower incomes in recent times remind us that poverty is not an unchanging attribute of a shrinking group, but rather, a condition that billions of vulnerable persons risk experiencing.
The hostility toward Wall Street remains so great that both political parties say, in their platforms, that they’d like to break up America’s biggest banks. But before engaging in this drastic economic surgery, it’s worth examining whether Dodd-Frank is working. Recall that the law, named after its congressional sponsors, former Sen. Senator Christopher Dodd and former Rep. Barney Frank, overhauled the financial system to make it more panic proof. Is it? The answer may surprise.
As over 20 million sub-Saharan Africans face a shortage of food because of drought and development issues, representatives of the U.N. Food and Agriculture Organisation (FAO) and the Pan African Parliament (PAP) met in Johannesburg to forge a new parliamentary alliance focusing on food and nutritional security.
Almost half a decade of drought across most of South Africa has led to small towns in crisis and food imports for the first time in over 20 years, as well as severely hampering the government’s planned land redistribution programme.
The UN Conference on Trade and Development (UNCTAD) concluded its five-day meeting in Nairobi on a positive note—the launch of a new e-trade initiative and a multi-donor trust fund on trade and productive capacity.
In a fraught global economic environment, exacerbated by climate change and shrinking resources, ensuring food and nutrition security is a daunting challenge for many nations. India, Asia's third largest economy and the world's second most populous nation after China with 1.3 billion people, is no exception.
A US government agency acknowledges that the Trans-Pacific Partnership (TPP) will not deliver many economic benefits promised by its cheerleaders. The 2016 report by the United States International Trade Commission (ITC) acknowledges that the TPP will not deliver many gains claimed by the US Trade Representative (USTR) and the Peterson Institute of International Economics (PIIE) although it uses similar methodology and assumes that the TPP will not change the US trade deficit as a share of GDP.
Industrialisation in Africa is being driven by African leaders who realise that industries as diverse as horticulture and leather production can help add value to the primary resources they currently export.
Brightly coloured cans, bags of fertilizer and packets containing all types of seeds catch the eye upon entering Nancy Khorommbi’s agro dealer shop tucked at the corner of a roadside service station.
Members of Congress have embarrassed themselves, this time by a joint subcommittee hearing on whether Pakistan is a friend or foe. Framing a congressional hearing in this binary way reflects the sad state of political discourse on Capitol Hill, where complex issues are boiled down to ‘yes’ or ‘no’ answers. Members of Congress dress themselves in righteous indignation and confuse leadership with generating headlines.
So Nisha Biswal, the US State Department’s point person on Sri Lanka, says that Sri Lanka could be another Singapore.
That will be the day. If after six visits to the country in 20 months she has still not grasped the basics of Sri Lanka’s socio-political culture and mores, the lack of respect for law and order and the rule of law infused by political interference and intimidation, she could hardly be a messenger of hope and good sense.
UN member states “are going beyond rhetoric and earnestly working to achieve real progress” towards the Sustainable Goals, the members of the Group of 77 and China said in a ministerial statement delivered here on 18 July.
The Philippines has so much to offer to the world, not only ecological treasures by way of tourism, but brilliant minds, visionaries, and craftsmen. Other nations find the uniqueness and diversity of our ecology unimaginable—such as having the third-longest coastline in the world as well as endemic species of plants and animals. Another unimaginable phenomenon, our economy remains strong despite the fact we are crossed by an average of 21 typhoons a year and is located in the Pacific Ring of Fire—prone to eruption of active volcanoes, and earthquakes.
After a half century of decline, agricultural commodity prices rose with oil prices in the 1970s, and again for a decade until 2014. Food prices rose sharply from the middle of the last decade, but have been declining since 2012, and especially since last year, triggering concerns of declining investments by farmers.
Trade is sometimes thought of as an economic activity that only favours the large corporations. While we may disagree, the reality of international trading is often harder and more expensive for Micro, Small and Medium Enterprises (MSMEs). The smaller the business, the bigger the barriers can seem.
Immerath, 90 km away from the German city of Cologne, has become a ghost town. The local church bells no longer ring and no children are seen in the streets riding their bicycles. Its former residents have even carried off their dead from its cemetery.
Fast-tracked development often means that indigenous people and their territories get run over and their rights are not taken into consideration, Roberto Borrero, from the International Indian Treaty Council and Indigenous Peoples Major Group, said here Friday.
At a time when Bangladesh has broken the 6 percent growth trap and has begun its journey towards achieving a faster growth of about 7 percent, and at a time when Bangladesh has achieved the status of a lower middle income country with a per capita income of USD1314 in 2015, it experiences the greatest shock in recent times. This has suddenly changed the perspective on Bangladesh. The ruthless killing of 20 lives, including 17 foreigners at the Holey Artisan Bakery of Gulshan in Dhaka on July 1, 2016, by terrorists has brought new realities for Bangladesh. A country which boasts to be a moderately Islamic country, holding the values of Islam yet being tolerant to other religions and a country that is reputed for its warmth and hospitality towards foreign nationals, has come under the global radar due to the brutality of recent terror attacks. While the grief for the lost lives is going to make a permanent place in our hearts, the implications of this painful episode on other spheres of lives cannot be ignored either.
Albert Kanga Azaguie no longer considers himself a smallholder farmer. By learning and monitoring the supply and demand value chains of one of the country’s staple crops, plantain (similar to bananas), Kanga ventured into off-season production to sell his produce at relatively higher prices.
In a petition signed by 150 NGOs, the Coalition for Human Rights in Development have called for development banks to make sure that human rights are respected by their beneficiaries.
The Philippines faces prospects of slower growth this year because of external factors.
One such factor is the effect of Brexit on the world economy. With Brexit causing the European Union’s already sluggish economy to shrink further, Philippine exports to EU countries in 2016 may end up being less than half of last year’s.