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Just Repeating Old Commitments Is Not Enough

Expectations to the G8 summit in Italy

The crisis, which originated within the world’s major financial centers, has spread throughout the global economy, causing severe social, political, and economic dislocation and a rise in social conflict and distress. As Amnesty International warned, the world is sitting on a "powder keg" of social unrest. For the G8 roadshow this week in Italy repeating old commitments is not enough, says Eveline Herfkens.

Developing countries, which are least responsible for the crisis, are now bearing the brunt of its impact. The human costs are dramatic, as government budgets have been slashed cutting investment in human development while unemployment continues to rise as producers lose markets – local and international. Reduced household income translates into worsening nutrition, lower school attendance of girls and deteriorating health, as visits to clinics are postponed ...

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>>> Proposals for a Profound Reform of International Finance
>>> Increased IMF Funding without Reform?

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WDEV Recent Issues

Issue 6/Nov-Dec 2011
G20: Wrong forum for development + German aid under Niebel + London contra FTT + Food speculation: How it works
Issue 5/Sep-Oct 2011
The global social crisis +++ Thanks to Germany it's 2008 all over again +++ Nepal: Second chance for Maoists
Issue 4/Jul-Aug 2011
Non-FDI modes of international production + Bail-out 2.0 for Greece + Europe: Tobin tax on the move
Issue 3/May-Jun 2011
Survey on trade union rights violation + BRICS on the new IMF director + Greece and the euro + Green Economy for LDCs?
Issue 2/Mar-Apr 2011
LDC-IV in Istanbul +++ Reforming the global monetary system: Whick role for the IMF +++ Escalation of food prices +++ Remittances and development
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