In an effort to take commodities from a long period of virtual oblivion to the centre of poverty reduction strategies, a “Global Initiative on Commodities” is being taken that brings together governments, NGOs and private sector representatives at a conference in Brasilia from 7 to 11 May. The initiative is spearheaded by the Common Fund for Commodities (CFC), the United Nations Conference on Trade and Development (UNCTAD), the United Nations Development Programme (UNDP) and the African, Caribbean and Pacific Group of States (ACP Group). WDEV reports.
Out of 144 developing countries 86 depend on commodities for more than half of their export earnings. Half of the total export income of 38 countries derives from a single commodity, while another 48 countries depend on only two commodities. New opportunities – but also new challenges – opened up for developing countries with the rapidly increasing demand witnessed in recent years for oil, other minerals and agricultural products ... ... this article coming up in Issue 3/May-Jun 2007 is for subscribers only. For direct log in >>> click here.If you have no subscription >>> pick an option or >>> buy the article.
At first glance, everyday life seems not to have changed in Istanbul. The streets are congested; people hurry to the ferry or the bus. For weeks, there has been no terror attack. Nevertheless, there are some visible changes. There are much more policemen in the streets. In some days, the Istiklal Caddesi, the main shopping street on the European side, seems to be under a state of siege. At every street corner, there is police van with the blue light switched on.
Recent disturbing trends in international finance have particularly problematic implications, especially for developing countries. The new United Nations report, World Economic Situation and Prospects 2017 (WESP 2017), is the only recent report of a multilateral inter-governmental organization to recognize these problems, especially as they are relevant to the financing requirements for achieving the Sustainable Development Goals (SDGs).
The Trump government signals unequivocally the end of international US hegemony. An international hegemon is able to define rules that find relatively broad acceptance internationally and plays a role in safeguarding international economic stability. The Trump government announced measures that go against the present economic rules while not proposing new ones.
The global deficit in quality jobs and deteriorating economic conditions in a number of regions threatens to undo decades of progress in poverty reduction, warns a new report by the International Labour Organization (ILO), the World Employment and Social Outlook (WESO) 2016.
Weakening of workers' rights in most regions is being aggravated by severe crackdowns on freedom of speech and assembly, according to the 2016 Global Rights Index. Restrictions on freedom of speech and assembly, including severe crackdowns in some countries, increased by 22%, with 50 out of 141 countries surveyed recording restrictions.