With the world facing the first crisis of the modern age of globalization, a commission of economic experts chaired by Nobel Laureate and former Chief Economist of the World Bank Joseph Stiglitz calls for the creation of a new global reserve system and a global economic coordination council as part of a fundamental reform of the international financial architecture. Carla September reports
“These are ideas whose time has come,” Joseph Stiglitz said end of March in New York, as he introduced the commission’s interim report (see reference), which include immediate prescriptions essential to global recovery, as well as an agenda of deeper systemic reforms needed to ensure that such a recovery would be sustainable. The Commission of Experts on Reforms of the International Monetary and Financial System, as the group convened last year by the President of the General Assembly is formally known, argues that the financial crisis that rapidly spread from a small number of developed countries to engulf the global economy has provided tangible evidence that the international trade and financial system should be profoundly reformed ... ... this article comes up in WDEV 2/Mar-Apr 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.