Economy & Trade

New Zealand: Political Volatility under Cost-of-Living Crisis

It’s a rapid reversal for New Zealand’s Labour Party, in power for six years. At the last election in 2020 it won an outright majority, the first party to do so under the current voting system. But three years on, it’s finished a distant second in the election held on 14 October. The result speaks to a broader pattern seen amid economic strife in many countries – of intense political volatility and the rejection of incumbents.

Seniors Thriving Through Plastic Waste in Zimbabwe

They do not have a pension nor financial support from families or relatives, but they have themselves. Now they have become collectors of plastic waste, which they turn into products as they battle for survival - earning money from the growing plastic pollution in Zimbabwe.

Big Changes Coming to the World Bank—But it’s Not Enough

It’s official: The World Bank officially has a mission to combat climate change. At least on paper. This week, the World Bank governing body approved a new vision statement that clarifies that the Bank can tackle climate change as part of its mission to alleviate global poverty on “a livable planet.” Also this week, the new World Bank President Ajay Banga suggested that he’ll be consider redirecting subsidies away from fossil fuels and towards climate action.

Insider Exposé of ESG Greenwashing

A senior manager of the world’s largest investment firm has ‘blown the whistle’ on ESG (environment, social and governance) ‘greenwashing’, especially on supposed climate finance.

Housing in Cuba, a Problem with no Solution in Sight

To emigrate to the United States and fulfill her hopes for a better life, Ana Iraida sold almost all of her belongings, including the apartment that, until her departure, saved her from the uncertainty of living in rented housing in Cuba, a country with an unresolved housing crisis.

WORLD FOOD DAY 2023


 
Water is essential for life on Earth. It makes up 50% of our human bodies. It covers about 70% of the planet’s surface.

Electric Transport Expands Slowly in Mexico

Maribel Ochoa takes less time and spends less money commuting from her home to her work in eastern Mexico City thanks to the use of the electric Cablebus, a cable car that has improved her quality of life since the service began operating two years ago.

Ecuadorians Vote to Preserve Yasuní National Park, but Implementation Is the Problem

The decision reached by Ecuadorians to put an end to oil production in Yasuní National Park, in a popular referendum in August, was a triumph for civil society and a global milestone in environmental democracy. But when it comes to implementation, the result is less promising.

Faced with Crushing Debts, World’s Poorest Nations to Slash Public Spending by Over 229 Billion Dollars

The World Bank and the International Monetary Fund (IMF) are returning to Africa, for the first time in decades, with the “same old failed message”. “Cut your spending, sack public service workers, and pay your debts-- despite the huge human costs,” says Oxfam International’s interim Executive Director Amitabh Behar, following the release of new Oxfam report.

Where is India Heading?

Some time ago I watched the Indian blockbuster RRR (Rise, Roar, Revolt). It received universal praise for direction, screenwriting, cast performances, soundtrack (which won an Oscar) and thrilling action sequences. RRR is filled with gore; bodies beaten, pierced and torn apart. An overblown combination of Quentin Tarantino and Bollywood, far away from Satyajit Ray’s emotionally moving films, as well as Bollywood’s romantic comedies and mythological dramas. RRR never pauses for breath. The two male protagonists are supermen, not exposing many recognizable human traits, even if they might occasionally sing and talk about love. Hard to understand, since the few women of the story are cut-out clichés.

A Turning Point for Sustainable Development in Cuba — and Beyond

In 2015, 193 countries adopted the 2030 Agenda for Sustainable Development as “a shared plan for peace and prosperity for people and the planet.”

Wanted: Teachers For Change!

Once a year, on October 5, we celebrate World Teachers’ Day. Why is it so important to have a closer look on the teaching profession? What is so special about being a teacher nowadays?

Debt-Pushing as Financial Inclusion

Ajay Banga was anointed World Bank president for promoting financial inclusion. Thanks to its success and interest rate hikes, more poor people are drowning in debt as consumer prices rise.

Open Migration Flows and Closed-Up Houses in Venezuela

Gladys swore she would not cry in front of her small children, but she still had to wipe away a couple of tears when she turned her head and looked, perhaps for the last time, at her dream house on Margarita Island in Venezuela, from where she migrated, driven by a lack of income and by fear.

Small Islands with Big Aspirations

Everyone knows that small island states are on the frontline of global warming. Rising sea levels, acidification destroying fisheries and coral reefs, and changing patterns of rainfall are just some of the challenges. Some low-lying islands have already been lost to the ocean.

Informal Workers Key to Successful Waste Management in Africa

With the African continent recycling less than 11 percent of its waste, COP28 provided leaders on the African continent to consider integrated waste systems that include informal waste workers.

Innovative Business Models, Critical for African Governments to Unlock Carbon Markets

With current efforts to boost Africa's carbon credit production by 2030, experts believe the commitments will require Governments to switch from a voluntary to a compliance market by generating renewable energy for a portion of national and regional electricity supplies.

Traffic on the Paraná Waterway Triggers Friction between Argentina and Paraguay

In addition to being a majestic river - the second longest in South America after the Amazon - the Paraná River is the waterway through which a large part of the area's primary goods are exported. Today, its economic importance has sparked an unexpected diplomatic conflict between Argentina and the countries with which it shares the basin.

Navigating Challenges of New City Development for Nusantara, Indonesia’s Future Capital

Many nations are engaged in ambitious urban planning endeavors and the creation of new capital cities. Nusantara, Indonesia, is the latest in a series of modern cities that have sprung up across Asia.

Don’t Count on PPP Solutions

In recent years, public-private partnerships (PPPs) have spread rapidly. While usually profitable for the private partners, PPPs have generally not served the longer-term public interest.

Pemex Exploits Fossil Fuels with Money from International Banks

At the entrance to the municipality of Paraíso, in the southeastern Mexican state of Tabasco, there is a traffic circle that displays three things that are emblematic of the area: crabs, pelicans and mangroves.

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