The EU Presidency Outlook for Development
Within the broader context of a changeover from France's Euro-activism to the Czech Republic's Euro-scepticism, both Presidencies will have been at the helm during a period in which the stakes were high for development.
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The Outcome of the FfD Conference in Doha, Qatar
After four days of intense inter-governmental negotiations, how do relevant stakeholders and participants evaluate the outcome of the UN Review Conference on Financing for Development which took place from 29 November to 2 December in Doha? WDEV documents statements and reports.
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Coordinated and Massive Global Stimulus Required
UN economists are recommending massive economic stimulus packages that are coherent and mutually reinforcing on a global basis, and linked with sustainable development imperatives. These should come on top of the liquidity and recapitalization measures already undertaken by countries.
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Towards a World Financial Organisation
The forthcoming Doha conference is presented with what might be called a "double whammy": Not only must the Monterrey process deliver on its MDG-linked commitments as elaborated in 2002 but it must do so in an international economic environment still shaking from a considerable shock to its economic and ideological fundamentals.
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The Electronic Reader for Doha
In the run-up to the Doha Financing for Development conference NGOs and other agencies have multiplied their publication of research and education material. World Economy & Development In Brief presents the direct links to the most recent policy papers on financing for development.
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Onslaught against Trade Unions Claimed 91 Lives
The publication of this year's Annual Survey of Trade Union Rights Violations by the International Trade Union Confederation (ITUC) reveals an appalling record of union-busting, anti-union laws, intimidation and violence against workers' representatives in 2007.
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South America: Recession Can Be Avoided
Since the financial meltdown began in mid-September, the bond markets of most of the region have been hit, as well as most of their stock markets and a number of currencies. Can South America escape the wrath of the economic and financial storms that have their epicenter in the United States?
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The New Guidelines for SWFs: What's Behind?
On 11 October 2008, the International Working Group of Sovereign Wealth Funds (IWG) released the Generally Accepted Principles and Practices (GAPP) that would guide the governance and accountability framework of sovereign wealth funds (SWFs).
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The Race to a New Bretton Woods
For years, only a small and enlightened elite and some NGOs looking beyond their tiny projects have been calling for a New Bretton Woods - a global conference to restructure the global economic and financial system. Yet suddenly such demands have become almost mainstream, and developments have accelerated tremendously.
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China: Construction of a Socialist Countryside
The timing has been perfect: In the middle of October, the Central Committee of the Communist Party of China approved a reform proposal that will allow farmers to lease or transfer their land rights. Called a "historic" decision by some observers, the Chinese government announced it as Chinas contribution to counter the financial crisis.
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How Will Obama Address Financial Crisis, Recession
The 2008 US Presidential election was historic itself owing to the candidates' profile. But the timing of the elections as the U.S. and global economy are in the midst of the worst financial crisis and recession in decades reminds us of the Great Depression era and the 1980s recession.
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Towards A New Global Economic Compact
The Nobel Laureate in Economics and Professor at Columbia University, Joseph E. Stiglitz has been appointed as President of the United Nations High-level Task Force to review the global financial system. In the following points Stiglitz has summarised key elements of a response to the current global financial crisis.
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Another Bretton Woods Moment: Time for UN to Act
The United States and the Bretton Woods institutions had failed to adequately address the international financial crisis. The only realistic way out of the global crisis was to proceed democratically in the framework of the United Nations. A panel held at the UN headquarters in New York on 30 October 2008 concluded that quick-fixes and half-measures behind closed doors were not enough.
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Inequalities in the Age of Financial Globalization
Despite strong economic growth that produced millions of new jobs since the early 1990s, income inequality grew dramatically in most regions of the world and is expected to increase due to the current global financial crisis, according to a new study published by the research arm of the International Labour Organization (ILO).
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The World Bank's Oily Failure in Chad
It had been touted as a model project that would reduce poverty in a country that is wretchedly poor even by African standards. But last month the World Bank pulled out of the Chad oil project belatedly admitting that its agreement with the government to use a substantial part of oil income for poverty reduction lay in shambles.
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Financial Crisis: Viewpoints on the US Bailout
American congressional leaders say they've reached the broad outline of a deal to pump hundreds of billions of dollars into the stricken U.S. financial system. But the bailout is highly controversial. On 29 September the U.S. House of Representatives voted to reject the $700 billion bailout bill 228 votes to 205.
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WDEV Dossier: From Accra to NYC to Doha
2008 is a critical year for evaluating how aid is helping tackle global poverty and inequality. The Doha conference on Financing for Development at the end of the year will review how well the world has done in its global response to confronting the challenges of financing for development agreed in Monterrey in 2002. Donor credibility is on the line.
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ILO/UNEP: The Transition to a Green Economy
A new study on the impact of an emerging global "green economy" on the world of work says efforts to tackle climate change could result in the creation of millions of new "green jobs" in the coming decades. However, the process of climate change, already underway, will continue to have negative effects on workers and their families.
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