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
The global economic development trend is clearly pointed downward, and there is almost no difference any more between the forecasts of the relevant institutions (see notes). Whereas the UN Global Outlook forecasts only 1% of global growth in 2009 (compared to 3.8% in 2007), the World Bank’s Global Economic Prospects forecasts only 0.9% (compared to 3.7% in 2007). Growth in the developing countries ought to decline in 2009 to an average of 4.6% (2007: 7.1% according to the UN) resp. 4.5% (2007: 7.9% according to the World Bank), whereby these figures reflect the moderate scenario. The IMF is even more pessimistic ... ... this article comes up in WDEV 1/Jan-Feb 2009 and is 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.