For years, only a small and enlightened elite and some NGOs looking beyond their tiny projects have been calling for a New Bretton Woods – a global conference to restructure the global economic and financial system. Yet suddenly such demands have become almost mainstream, and developments have accelerated tremendously. However, the World Financial Summit to be held in Washington DC on 15 November will be at best be a starting point of a process, at worst we will observe another public relations exercise. By Rainer Falk
It is particularly the Europeans who seem to be rushing into action. They have agreed on five measures to re-regulate financial markets: new rules for rating agencies, an overhaul of existing accounting standards, the expansion of control and oversight mechanisms to all financial market segments including hedge funds, a code of conduct for managers of the financial industry and – last not least – strengthening the International Monetary Fund ... ... this article is part of WDEV Issue 6/Nov-Dec 2008 and for subscribers only. For direct log in >>> click here.If you have no subscription >>> pick your option or >>>
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.
The year 2015 was marked on the one hand by the inability of the European Union (EU) to emerge from the crisis, and on the other by a dramatic rise in the number of people taking flight from their homes and from their homelands, because of wars and terrorist attacks, in many cases caused by the destructive policies of the EU and of its member states.
The world economy stumbled in 2015 and only a modest improvement is projected for 2016/17 as a number of cyclical and structural headwinds persist, says the United Nations World Economic Situation and Prospects (WESP) 2016 report. Global growth is estimated at a mere 2.4% in 2015.
Within a few weeks leftwing governments in Latin America have experienced a breath-taking decline. The Latin American (centre-) left forces suffered several strategic defeats. They occurred in the biggest Latin American economies. First in Argentina, than in Venezuela, and also in Brazil the days of an uncontested majority of left forces are definitely over now.
14 years after their previous strategy on gender mainstreaming, the WBG has decided to develop a new Gender Equality (GE) Strategy. This briefing document presents WIDE+ critical reflections and key recommendations to enhance the new World Bank Group's (WBG) strategy on Gender Equality.