Showing up in record numbers, civil society groups are urging greater inclusion and accountability in sustainable development processes at a UN high level meeting.
When we fail to act on lessons from a crisis, we risk exposing ourselves to another one. The 1997-1998 East Asian crises provided major lessons for international financial reform. Two decades later, we appear not to have done much about them. The way the West first responded to the 2008 global financial crisis should have reminded us to do more. But besides accumulating more reserves, Southeast Asia has not done much else.
At the High-Level Political Forum which currently takes place at the United Nations in New York several events, for instance a SDG Business Forum, are devoted to the critical role of business and public-private partnerships (PPPs) in implementing the 2030 Agenda for Sustainable Development.
Development in Argentina in the second half of the 19th century and the first half of the 20th century was closely tied to that of the railway. The eighth largest country in the world, Argentina’s economy grew through exporting agricultural and livestock products, and the railways were key to founding centres of population and transporting goods to the ports.
Mexico is in transition towards commercial exploitation of its shale gas, which is being included in two auctions of 24 hydrocarbon blocks, at a time when the country is having difficulty preventing and reducing industrial methane emissions.
After months of withstanding speculative attacks on its national currency, the Thai central bank let it ‘float’ on 2 July 1997, allowing its exchange rate to drop suddenly. Soon, currencies and stock markets throughout the region came under pressure as easily reversible short-term capital inflows took flight in herd-like fashion. By mid-July 1997, the currencies of Indonesia, Malaysia and the Philippines had also fallen precipitously after being floated, with stock market price indices following suit.
The benefits of ending child marriage are many—boosting a young girl’s morale and increasing her chances of education and work, and by that virtue, curbing high population rates in developing economies and boosting growth.
The World Bank and other influential international financial institutions and development agencies have been touting Southeast Asian (SEA) newly industrializing countries as models for emulation, especially by African developing countries seeking to accelerate their development transformations. But these recommendations are usually based on misleading analysis of their rapid growth and structural transformation.
Two new nuclear power plants, to cost 14 billion dollars, will give a new impetus to Argentina’s relation with atomic energy, which began over 60 years ago. President Mauricio Macri made the announcement from China, the country that is to finance 85 per cent of the works.
International recognition of East Asia’s rapid economic growth, structural change and industrialization grew from the 1980s. In Western media and academia, this was seen as a regional phenomenon, associated with some commonality, real or imagined, such as a supposed ‘yen bloc’.
Implementing climate-smart agriculture is critical to reduce hunger and poverty, according to International Fund for Agricultural Development’s (IFAD) new president Gilbert Houngbo.
Even before the term ‘Washington Consensus’ (WC) was popularized, it was already coming under great criticism despite the ‘counter-revolutions’ against ‘development economics’ and Keynesian economics associated with Thatcherism and Reaganomics. At the World Bank, the Japanese Executive Director argued that the WC menu of policy advice and conditionalities had resulted in the 1980s’ ‘lost decade’ in Latin America and Africa. In contrast, the East Asian region had seen rapid growth and industrialization.
Just last month business representatives from around the world joined the
United Nations Sustainable Development Goals Fund commemorate their work as part of the
Private Sector Advisory Group (PSAG).
Tax havens are “one of the worst enemies of our democracies,” said state representatives during a meeting at the United Nations.
International currency and financial crises have become more frequent since the 1990s, and with good reason. But the contributory factors are neither simple nor straightforward. Such financial crises have, in turn, contributed to more frequent economic difficulties for the economies affected, as evident following the 2008-2009 financial crisis and the ensuing Great Recession still evident almost a decade later.
As World Hunger Day May 28 approaches, it is time for us all to redouble our efforts to reach the goal of Zero Hunger by prioritizing the battle against micronutrient deficiency. If the international community pulls together this year to incorporate proven solutions such as biofortifying crops into the UN framework for sustainable development, we could reduce malnutrition on a truly global scale.
The G7 Summit, held annually among the leaders of the world’s most powerful economies (Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, and the EU), plays an important role in shaping responses to global challenges—theoretically at least.
The world will not be on track to eradicate poverty by 2030 if current growth trends continue, a UN task force found.
On a busy Friday afternoon, the number 1 subway train heading north through Manhattan’s Westside comes out of a dark tunnel --and if one takes a minute to release oneself from communication devices—one can catch sight of the approaching 125th street in the distance, the crosswalk buzzing with yellow cabs.
For thousands of years, farmers have used genetic diversity to cope with weather variability and changing climate conditions. They have stored, planted, selected and improved seeds to continue producing food in a dynamic environment.
The time is now to work together to fight illicit financial flows, according to Ecuador’s Foreign Minister Guillaume Long.