Globalisation

Taking Away the Ladder

By Jomo Kwame Sundaram and Anis Chowdhury
The notion of the BRICS (Brazil, Russia, India, China, and later, South Africa) was concocted by Goldman Sachs’ Jim O’Neill. His 2001 acronym was initially seen as a timely, if not belated acknowledgement of the rise of the South. But if one takes China out of the BRICS, one is left with little more than RIBS. While the RIBS have undoubtedly grown in recent decades, their expansion has been quite uneven and much more modest than China’s, while the post-Soviet Russian economy contracted by half during Boris Yeltsin’s first three years of ‘shock therapy’ during 1992-1994.

“No to the pact of Marrakech!”

By Houda Hasswane
At the same time more than 160 countries adopted the Global Compact for Safe, Orderly and Regular Migration (GCM), on the streets of Marrakech pro-migration groups and activists gathered in the city centre to chant: “No to the pact of Marrakech!”

70 Years since the Universal Declaration on Human Rights – Hope Against Hope

By HRH Prince Al Hassan bin Talal of the Hashemite Kingdom of Jordan
“Save the Children estimates that 84,701 children under five have died in Yemen from untreated cases of severe acute malnutrition between April 2015 and October 2018.” “The grim analysis of United Nations data comes as intense fighting has again erupted in Yemen's strategic port city of Hodeidah.”

Why Bother about World War I

By Jan Lundius
Why do we still need to be concerned about a war that ended a hundred years ago? Sure, it caused the death of at least 37 million people, but why bother about that now? Anyhow France´s president Emmanuel Macron believed it was worthwhile to commemorate the end of World War I and seventy world leaders were invited to attend the centennial ceremony by Paris´s Arc de Triomphe.

African Countries Deserve an Enhanced Climate Ambition

By Robert Muthami
African countries have been at the climate-change negotiating table for more than 20 years. The continent faces some of the most severe impacts of climate change, but questions remain over its adaptive capacity despite this engagement.

Migrants Send Record Amounts to Home Countries, but Overall Poverty Pertains

By Daan Bauwens
At the end of this year, migrants will have sent 466 billion dollars to family and friends in their countries of origin. Despite this record amount these remittances have little to no effect on the dire economic state of affairs in those home countries. Earlier this week in Brussels, a group of experts convened to think of ways to make the sent money work in a way that benefits more than just a few lucky families. 

Multilateralism Undermined by Globalization’s Discontents

By Anis Chowdhury and Jomo Kwame Sundaram
On 24 October 1945, the world’s most inclusive multilateral institution, the United Nations, was born to “save succeeding generations from the scourge of war, ... reaffirm faith in fundamental human rights, … establish conditions under which justice and respect for the obligations arising from treaties and other sources of international law can be maintained, and to promote social progress and better standards of life in larger freedom” (UN Charter: Preamble).

Amidst Rising Hunger, BCFN Forum to Promote Food Sustainability

By Stella Paul
As 2018 nears its end, the world faces a new wave of food insecurity with the level of hunger being on the rise globally. A record 821 million people are facing chronic food deprivation – a sharp rise from 804 million figure in 2016 - said a report published by the UNFAO earlier this year. Along with rising hunger, food security has declined across Africa and South America while undernourishment is on the rise again in Asia, said the report which attributed the changing scenario to climate-related changes, adverse economic conditions and conflict. With this alarming picture as the backdrop, the 9th Barilla Center for Food and Nutrition (BCFN) International Forum on Food and Nutrition in Milan is all set to take off on November 27.

The Blue Economy for the Blue Planet

By Cameron Diver
We live on a “blue planet” where water covers around 75 percent of the Earth’s surface. Without water we would simply not survive as a species. As we strive to find pathways to and take action for inclusive sustainable development, we must ensure that our ocean, our seas, rivers, lakes, waterways and wetlands, together with their invaluable biodiversity, are preserved, sustainably used and integrated into development programming.

Lessons for the ‘Rest’ from ersatz miracles

By Jomo Kwame Sundaram
Of the ten fastest growing economies since 1960, eight are in East Asia. Two main competing explanations claimed to explain this regional concentration of catch up growth since the late 20th century, often referred to as the East Asian miracle.

Brazilians Decide on a Shift to the Right at Any Cost

By Mario Osava
Voters in Brazil ignored threats to democracy and opted for radical political change, with a shift to the extreme right, with ties to the military, as is always the case in this South American country.

Africa Remains Resolute Heading to COP 24

By Friday Phiri
In December 2015, nations of the world took a giant step to combat climate change through the landmark Paris Agreement. But African experts who met in Nairobi, Kenya at last week’s Seventh Conference on Climate Change and Development in Africa (CCDA VII) say the rise of far-right wing and nationalist movements in the West are threatening the collapse of the agreement.

New Agreement with Canada and U.S. Is Win-Lose for Mexico

By Emilio Godoy
Following the fanfare of the countries' leaders and the relief of the export and investment sectors, experts are analysing the renewed trilateral agreement with Canada and the United States, where Mexico made concessions in sectors such as e-commerce, biotechnology, automotive and agriculture.

G20 Women’s Summit Pushes for Rural Women’s Rights

By Daniel Gutman
Rural women play a key role in food production, but face discrimination when it comes to access to land or are subjected to child marriage, the so-called affinity group on gender parity within the G20 concluded during a meeting in the Argentine capital.

Investing in Arab and Asian Youth For a Sustainable Future

By Aniqa Haider
As the youth population has increased to unprecedented levels in Arab and Asian regions, governments need to do more to invest in them.

Q & A: Why Switching to Renewable Energy Sources is No Longer a Matter of Morality, But of Economics

By Carmen Arroyo
When the Global Green Growth Institute (GGGI) was founded eight years ago, the general public thought that renewable energies would never replace oil and coal. Today, the tables have turned.

Seize the Opportunity Offered by Africa’s Continental Free Trade Area, says UNIDO Chief

By Li Yong
Since the turn of the millennium, Africa has experienced a steady and unprecedented economic growth. However, poverty continues for people across the continent, especially in the sub-Saharan region. Unemployment and inequality have remained high. The rural population and the urban poor, women and youth, have not benefited from economic growth.

Salmon Farming, Questioned in Chile, Arrives to Argentina

By Daniel Gutman
Questioned for its environmental and health impacts in Chile, where it is one of the country's main economic activities, salmon farming is preparing to expand in Argentina from Norway, the world's largest farmed salmon producer. The news has triggered a strong reaction from civil society organisations.

Revisiting privatization’s claims

By Jomo Kwame Sundaram
Several arguments have been advanced to justify privatization since the 1980s. Privatization has been advocated as an easy means to: 1. Reduce the government’s financial and administrative burden, particularly by undertaking and maintaining services and infrastructure; 2. Promote competition, improve efficiency and increase productivity in providing public services; 3. Stimulate private entrepreneurship and investment to accelerate economic growth; 4. Help reduce the public sector’s presence and size, with its monopolistic tendencies and bureaucratic support.

Damning U.N. Report Outlines Crimes Against Rohingya As Children Suffer from Trauma One Year Later

By Farid Ahmed
At 12, Mohammed* is an orphan. He watched his parents being killed by Myanmar government soldiers a year ago. And he is one of an estimated half a million Rohingya children who have survived and been witness to what the United Nations has called genocide.

Has Globalization Enhanced Development Cooperation?

By Jomo Kwame Sundaram
Protracted economic stagnation in rich countries continues to threaten the development prospects of poorer countries. Globalization and economic liberalization over the last few decades have integrated developing countries into the world economy, but now that very integration is becoming a threat as developing countries are shackled by the knock-on effects of the rich world’s troubles.
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