Current encouraging global economic progress must be carefully managed so that several threats that could derail the current 5-6% annual growth rates in developing countries do not materialise – and so that the benefits are more thoroughly extended to the world's poorest people and the poorest nations, urges a new report by the Secretary General of the United Nations Conference on Trade and Development (UNCTAD). A WDEV summary with recent figures on the place of developing countries in globalisation.
The report, intended by Secretary General Supachai Panitchpakdi to frame discussion at next spring's UNCTAD XII conference in Accra, Ghana, stresses the importance of sustaining – through careful international and government management – a near-priceless situation in which trade is booming not only between industrialised and developing countries but also between developing countries themselves (so-called South-South trade), and in which demand is strong for farm produce, which is what many of the world's poorest nations have to offer world markets ...
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.