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Issue 6/Nov-Dec 2010

Contents

* Ireland: The implosion of a miracle. Another rescue package for the banks
Three years ago, Ireland was still presented as an economic miracle well founded on the neo-liberal policies of low corporate taxation and lax banking regulation. Today, the miracle is in shambles. Relatively high growth rates had been grounded. Comment by Joachim Becker

* On the road to "climate-smart agriculture". Bringing soil into the carbon market
A roadmap to “climate-smart agriculture” (see references) was designed for agriculture ministries of both developed and developing countries who met at the Conference on Agriculture, Food Security and Climate Change (The Hague 31 October to 5 November 2010). The United Nations’ Food and Agriculture Organisation (FAO) is thus preparing the ground for a UNFCCC decision to move towards including soils in the carbon markets, reports Susanne Gura.

* Declining and privatizing: German aid under Niebel. 18th Shadow Report on German development aid
Germany’s Deutsche Welthungerhilfe and terre des hommes have just published their new report on “The Reality of Development Aid”. Against the backdrop of smooth tongued declarations by the BMZ, the Federal Ministry for Economic Cooperation and Development, it explores the new priority set on cooperation with the private sector. Furthermore, the focus is on implementing internationally agreed development goals by the German authorities. A WDEV summary

* G20 at the crossroads: Clash or cooperation? Reflections on the recent Seoul Summit
Two years ago, the group of the world’s 20 major economies (the G20) announced their shared ambition: to manage the global economic crisis more efficiently and more transparently than the old industrialized nations (G8), and to prevent further financial market crises or economic downturns. Only two years later, the G20 now stands at a crossroads, write Rainer Falk and Barbara Unmüßig.

* The failure of the International Monetary Fund. Its focus should be crisis prevention, not lending
Again, the only big winner of the recent G20 Seoul Summit seems to be the International Monetary Fund. The G20 approved the changes in the IMF’s governance, expanded several IMF lending programs and empowered the Fund to help address global imbalances. Yet in a new South Centre report (see reference) Yilmaz Akyüz shows that the Fund is a failed institution that – without fundamental reform – is not well suited to be at the centre of international crisis management.

* Seperately (as free content): The European Civil Society Round-Up

WDEV 6/Nov-Dec 2010 as PDF file for subscribers >>> HERE


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