The ongoing power shift within the global economy calls into question the established structures of multilateral decision-making. Mainly two factors are responsible for the growing governance gap in international affairs. As the emerging powers of the South gain new prominence, the G7/G8 summit of the leading industrial countries, correspondingly, loses in significance. And as ever before, the United Nations do not provide effective mechanisms for policy coordination and collective action in economic and social affairs. A Briefing Paper by Andrew F. Cooper and Thomas Fues.
In order to simultaneously enhance the effectiveness and legitimacy in global governance two complementary tracks need to be undertaken in tandem: First, the UN’s ECOSOC has to be reformed in a way which allows it to function as an effective platform of global policy advocacy and coordination on economic and development issues. Second, the present G20 of Finance Ministers and Central Bankers needs to be elevated to the level of heads of state and government to become a Leaders’ 20 Summit or L20.
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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.