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Europe Global Environment & Development The New South From G8 to G20 The Development Agenda UN Reform Global Finance Doha Final The Euro-zone in Crisis Eastern Europe

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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From Accra to New York to Doha
Alliance2015 has just published its fifth 2015-Watch. This year's report addresses the question of whether Europe is on track to fulfil its MDG commitments. It analyses in considerable detail the extent to which the programming of European Commission (EC) aid is directed towards the achievement of the MDGs, and it finds a strong legal and policy framework, but much to be done on programming and implementation.
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Using SWFs for Self-Financing Development?
A remarkable feature of the international financial system in the last decade has been the rapid and vast accumulation of foreign-exchange reserves by developing countries. World foreign reserves tripled from $2.1trillion in December 2001 to an unprecedented $6.5trillion in early 2008.
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The Global Dam Industry: Lessons to Learn
The high drama over Turkey's Ilisu Dam continues. A new report by the official monitoring team demonstrates that the project continues to violate the conditions under which Austria, Germany and Switzerland agreed to fund the project. Ilisu has become a test case for the dam industry's efforts to strengthen its social and environmental acceptability.
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New Climate Change Funds: Hurry Leads to Flurry
Northern donor countries in the last 18 months have pledged billions of dollars in new financial commitments to fight climate change. While the provision of new financial resources is commendable, even if long overdue, the question arises if in the rush to do good the donor governments have really done well.
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UNCTAD Warns Africa to Overestimate Export Boom
Weak supply capacity - that is, a limited ability to produce the quantity and quality of goods required to respond to global demand for those goods - is the main obstacle to improved export performance in Africa, and explains why the continent has lost market share from 6% of world exports in 1980 to about 3% in 2007.
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A Turning Point for Aid, Yet Which Direction?
Northern and Southern governments meeting in Accra, Ghana on 2-4 September further defined how they intend to improve the effectiveness of aid by 2010. The true depth of reforms to come will reveal whether aid will finally be used as an instrument for justice, or whether more of the same failed aid, simply polished around the edges, will signal the beginning of the end of the international aid system.
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Productive Capacities and MDGs in Focus at UNCTAD
UNCTAD's governing Trade and Development Board meets 15-26 September, with high-level discussion focusing on how to enhance abilities of developing-country economies to offer more varied and sophisticated products to world markets. The intent is to spur broad-based economic growth that creates jobs, reduces poverty, and allows achievement of the United Nations Millennium Development Goals (MDGs).
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Tensions over Georgia Reflect Old Policy Failures
Tensions between the United States and Russia have a long history, but one only need go back to the early nineties to see how our own government threw away its chance to have a better relationship with post-Communist Russia after the collapse of the Soviet Union.
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WDEV Dossier: Global Crisis and the South
Recent optimism that the corner was being turned on poverty thanks to faster growth in emerging markets and even some very poor economies is turning to anxiety, as the economy downshifts.
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Quality of Aid: It's the Donors, Stupid!
International aid is necessary for the achievement of the Millennium Development Goals (MDGs). Just increasing aid, however, is of limited relevance, if it is not used effectively. A lot of ODA is not spent well because of donor practices - not because of recipient's corruption or incompetence.
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After the Collapse of Doha: Analyzing the Failure
The saga has been ongoing since November 2001, when the current round of negotiations was launched in Doha, Qatar, with numerous subsequent ups and downs, near-collapses, and extensions. The latest round of talks in Geneva has once again failed to produce an agreement. A compilation of controversial analyses
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African Despotism and European Double Standards
Is there anything unusual about the events in question? An African despot, a good deal of bloodshed - at least 80 dead, 10,000 injured, 200,000 displaced -, a rigged election, a concentrated effort to dilute international interest which is very little in the first place - that list contains nothing out of the usual or expected, does it?
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Global Slowdown: The LCDs' Sword of Damocles
The world´s 50 poorest nations saw the values of their exports climb by a collective 80% from 2004-2006 and recorded their highest rates of economic growth in 30 years. But their increased dependence on selling a few unsophisticated products leaves them vulnerable to a reversal, this year’s LDC report of UNCTAD warns.
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Reforming IMF and World Bank Conditionality
The new century started with streamlining initiatives from the IMF and the World Bank to their conditionality, but these have not managed to deliver real change. The arguments have not changed over the last years, and opponents have become firmly entrenched in their positions. The machinery, however, seem to be coming slowly to life after the impasse.
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