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Issue 1/Jan-Feb 2009


* On the Road to London and Beyond. The Year 2009 as window of opportunity
It is not even spring yet but 2009 is already being termed a recession year. The global financial crisis hit the real economy everywhere and stimulus packages are frantically being thrown together. The pressure for change is rising on the “construction sites” of globalisation. Thus 2009 is also representing a window of opportunity: the consequences drawn from the global financial crisis and the course set this year can decisively shape the face of global governance for the foreseeable future. An overview by Rainer Falk and Barbara Unmüßig

* Development Assistance under Pressure: Leaving the Poorest to Pay
As governments prepare for the G20 meeting in April, there is one thing you can be sure of: the agenda will be dominated by the global financial crisis. If you’ll forgive the expression, it’s an absolute banker. The financial crisis is already draining development aid. We need a rescue package for the Millennium Development Goals, writes Kevin Watkins, not donor neglect and armchair aid cynicism.

* South-South Cooperation in Times of Global Crisis. Call for more South-South action
Developing country financial experts and government officials met for two days in early February at UNCTAD in Geneva to ponder ways to use recently much-expanded South-South economic cooperation – particularly trade, investment, financial flows, and joint efforts to stabilize currency exchange rates and debt – to soften the blows from a severe financial crisis now spreading to their economies from the industrialized West. Carla September reports

* The Impact of the Global Crisis on Employment: Unemployment, working poor and vulnerability
The global economic crisis is expected to lead to a dramatic increase in the number of people joining the ranks of the unemployed, working poor and those in vulnerable employment, the International Labour Office (ILO) says in its annual Global Employment Trends report (see reference). Based on new developments in the labour market and depending on the timeliness and effectiveness of recovery efforts, the report says global unemployment in 2009 could increase over 2007 by a range of 18 million to 30 million workers, and more than 50 million if the situation continues to deteriorate. A WDEV summary

* Seperately: The European Civil Society Round-Up: Newsblog entries for Jan-Feb 2009
Study: World Bank loans exacerbate climate change + Blind optimism on privatized health in poor countries + Development Ministers in Prague: British reluctance on tax havens + New environmental finance architecture or inflation of climate funds? + The EU passes climate change burden to world's poorest + EU development ministers in Prague + Trade Unions call for new growth model + Global food crisis will worsen + The Paris Declaration: Confronting the crisis from below + Trade Unions urge World Bank and IMF to take action against unemployment
>>> more

WDEV 1/Jan-Feb 2009 as PDF file for subscribers >>> HERE

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