World Economy & Development In Brief http://www.world-economy-and-development.de/ en Pakistan: Realities beyond the clichés http://www.world-economy-and-development.de/printable/wearchiv/042ae69de40e33201.php "Natural disasters have invariably been transformed into man-made disasters, through the unpreparedness and dysfunction of government institutions, the incompetence of its politicians, the greed of its economic agents, the tenuous nature of support from civil society..." 2010-09-02 Time to Deliver: The Group of 20 at the Crossroads http://www.world-economy-and-development.de/printable/wearchiv/042ae69dd20ae3c01.php The summit meeting of the Group of 20 most important industrialised and emerging countries (G20) in Toronto on 26-27 June 2010 reminded us that even extended informal management bodies in the global economy can only be as good as their member governments. 2010-09-02 Taming of Finance in Times of Austerity http://www.world-economy-and-development.de/printable/wearchiv/042ae69dca0e45401.php It was not long ago that we could say, "We are all Keynesians now." The financial sector and its free-market ideology had brought the world to the brink of ruin. Markets clearly were not self-correcting. Deregulation had proven to be a dismal failure. 2010-09-02 Special Report: Cotton Made in Africa http://www.world-economy-and-development.de/printable/wearchiv/042ae69dc3106da01.php “Love for Africa” was the motto at “Tchibo-World,” which took place in the third week of June in 2008. In addition to fair coffee and African furniture, 700,000 tops, skirts and table cloths bearing the Cotton made in Africa (CmiA) label have been sold in the 900 (app.) Tchibo retail stores. 2010-09-02 Pressure on Workers Grows as Crisis Hits Jobs http://www.world-economy-and-development.de/printable/wearchiv/042ae69d920a59401.php The ITUC's Annual Survey of Trade Union Rights has documented a dramatic increase in the number of trade unionists murdered in 2009, with 101 killings - an increase of 30% over the previous year. The new Survey also reveals growing pressure on fundamental workers' rights around the world as the impact of the global economic crisis on employment deepened. 2010-09-02 Minister Niebel's Leitmotiv: "German Interests" http://www.world-economy-and-development.de/printable/wearchiv/042ae69d85106d401.php Barely in office, German development minister Dirk Niebel unambiguously mapped out the road: he wants to ensure that development cooperation once again focuses on German interests. This position provoked-probably intentionally-protest from the greater part of the German development community. 2010-09-02 The Baltic Future of Greece http://www.world-economy-and-development.de/printable/wearchiv/042ae69d6b0fd6401.php Latvia and Estonia show us what Greece may look forward to if it follows the advice it gets from the International Monetary Fund (IMF) and the European Union. As noted previously, Latvia has experienced the worst two-year economic downturn on record, losing more than 25% of GDP, a recent study shows. 2010-09-02 Greece: A European Crisis Needs European Solutions http://www.world-economy-and-development.de/printable/wearchiv/042ae69d690efd401.php A group of economists has written an open letter to European policymakers criticising their collective failure to address the Greek crisis as a European crisis. It sets out the various causes of the Greek crisis, of which poor fiscal management by that country is only one, and points out the European dimension of the problems. It calls for decisive and coordinated policies by European and national actors to stem the crisis. 2010-09-02 IEG Evaluated World Bank's Gender Support http://www.world-economy-and-development.de/printable/wearchiv/042ae69d5f0fbc601.php The evaluation of the Independent Evaluation Group (IEG) of the World Bank's support for gender issues between 2002 and 2008 is of significant relevance in the light of the Beijing+15 review and the launching of gender mainstreaming as crucial strategy for all institutions and organizations. 2010-09-02 BRICs Urged Reform of Financial Architecture http://www.world-economy-and-development.de/printable/wearchiv/042ae69d5d0bc9701.php At a summit in Brasilia the leading emerging economies said IMF and World Bank urgently need to address their "legitimacy deficits", and the world in the long-run should move from the dollar. The meeting underscored the need for a greater say of the new economic heavyweights of the South. 2010-09-02