NEWS
Selected news
Equity is the Gateway to Environment Ambition: South Centre statement in UNFCCC
Tue Jul 24 2012 - Source: South Centre
Below is the statement by Martin Khor, Executive Director of the South Centre, which was presented at the UN Framework Convention on Climate Change (UNFCCC) Ad-hoc Working Group on Long-term Cooperative Action (AWG-LCA) Workshop on Equity in Bonn on 16 May 2012.
Developing countries very vulnerable to global economic crisis, UN role is vital: South Centre speech at UN
Mon Jul 23 2012 - Source: Third World Network
The world economy is as fragile today as in 2009. Developing countries are very vulnerable to a slowdown caused by the Eurozone crisis. There has been no global reforms and the G20 is ineffective. Thus the role of the UN on global economic issues is vital. These are highlights of the speech by the South Centre’s Chief Economist at the UN General Assembly High Level Thematic Debate on the State of the Global Economy in New York on 18 May.
World economy in vicious cycle hindering transition, warns BIS
Thu Jul 12 2012 - Source: Third World Network
Five years after the outbreak of the financial crisis, the global economy is caught in a vicious cycle in which adjustment efforts of governments, households, business and financial sectors are worsening prospects for each other, and the path for balanced self-sustaining growth remains a difficult, and unfinished task, warns the Bank for International Settlements (BIS) in its annual report, released Sunday.
What now for European monetary union?
Thu Jul 12 2012 - Source: Third World Network
The Basel-based Bank for International Settlements (BIS) has joined a growing chorus of global institutions and leaders calling on the eurozone countries to quickly act to bring about more financial and fiscal integration, and strengthen the institutional foundations of the currency union itself.
Society, economic policies and future of finance sector
Thu Jul 12 2012 - Source: Third World Network
The future of finance, and in particular, saving it from a popular backlash against the global financial crisis and related crisis-management policies, has rightly become a matter of great concern. There is broad agreement that finance, as in the past, has the potential to do good, which should be harnessed by all. However, it is essential to minimise its potential to do harm.
  • New UNHCR report shows displaced people on the rise in 2016 ’ again
    Fri, 23 Jun 2017 14:29:24 +0000

    On the 19th of June the UN Refugee Agency (UNHCR) released its annual report on ?Global Trends on forced displacement? for 2016. The  report  collects the yearly data on  the different categories of people affected by forced displacement:  refugees, returned refugees, asylum seekers, Internal Displaced People (IDPs), returned IDPs, stateless people and other persons  of concern to UNHCR.

    Forced displacement worldwide at its highest in decades. UNHCR?s annual Global Trends report says an unprecedented 65.6 million people were uprooted from their homes by conflict and persecution at the end of 2016, which is an increase of 300,000 from 2015. This is a record number, higher than the previous record set in 2015. The distribution of this number among the categories of the report shows that that 22.5 million are refugees, 40.3 million are IDPs, 2.8 million are asylum seekers, and finally 3.2 million reported stateless people ? however, the total number of stateless people is estimated to be 10 million.

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  • Business and human rights: States’ duties don’t end at the national borders
    Fri, 23 Jun 2017 13:40:19 +0000

    States should control corporations across national borders to protect communities from the negative impacts of their activities, UN human rights experts have said in an authoritative new guidance * on the Obligations of States parties to the International Covenant on Economic, Social and Cultural Rights (CESCR) in the context of business activities.

    ?States should regulate corporations that are domiciled in their territory and/or jurisdiction. This refers to corporations which have their statutory seat, central administration or principal place of business on their national territory,? the experts of the UN Committee on Economic, Social and Cultural rights say in the guidance*, officially termed the General Comment, published on June 23rd.

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  • The Financial Crisis and the Global South: Impact and Prospects
    Fri, 23 Jun 2017 13:09:01 +0000

    The world economy has not still recovered from the effects of the financial crisis that began almost a decade ago first in the US and then in Europe. Policy response to the crisis, the combination of fiscal restraint and ultra-easy monetary policy, has not only failed to bring about a robust recovery but has also aggravated systemic problems in the global economy, notably inequality and chronic demand gap, on the one hand, and financial fragility, on the other. It has generated strong destabilizing spillovers to the Global South. Major emerging economies that were expected a few years ago to become global locomotives have not only lost their momentum, but have also become highly vulnerable to trade and financial shocks.

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  • African women unite against destructive extractivism
    Fri, 16 Jun 2017 01:50:34 +0000
    Sarah Makau, Kenya

    "What we have to ask ourselves is this: is Africa in control of our resources or is Africa entangled in this global system of accumulation which was brought by colonialism? How do we escape that bondage?" summarized Mela Chiponda, a participant at the Second annual WoMin Feminist School, hosted by Netright Ghana.

    "We didn't have title deeds, the land was not demarcated, nobody knew the acreage of their farms. So when we learned about this, the government came in and started to demarcate. and there was pause in the mining activities. But we are worried. It feels like a lion we have chased off, and it's lying in the grass waiting" said Sarah Makau, from Kenya.

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  • European Parliament votes new tax transparency rules for corporations, but with a loophole
    Fri, 16 Jun 2017 01:26:02 +0000

    Last June 12 two committees of the European Parliament voted on new tax transparency requirements for multinational corporations. While the outcome would strengthen the text proposed by the European Commission, a proposal by the Liberals and Conservatives introduced a dangerous loophole. The issue will now be sent to the plenary of the European Parliament for a final decision. 

    "Until now, the European Parliament has been in favour of letting the public know what multinational corporations pay in taxes and where they do business,? said Tove Maria Ryding, Tax Coordinator at Eurodad, the European Network on Debt and Development. ?But tonight, at the expense of the rest of society, the Liberals and Conservatives decided to protect large multinational tax cheats by introducing a loophole, through which they can continue dodging taxes.

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  • Violence and repression of workers on the rise
    Fri, 16 Jun 2017 01:07:34 +0000

    The number of countries experiencing physical violence and threats against workers has risen by 10 percent in just one year, according to the annual ITUC Global Rights Index. Attacks on union members have been documented in fifty-nine countries, fuelling growing anxiety about jobs and wages.

    The report shows that corporate interests are being put ahead of the interests of working people in the global economy, with 60 per cent of countries excluding whole categories of workers from labour law.

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  • Labour: Closing the gender gap could add $5.8 trillion to world economy
    Fri, 16 Jun 2017 00:59:25 +0000

    Closing the gender gap by 25 per cent by the year 2025 has the potential to boost global employment by 189 million and raise global GDP in 2025 by 3.9 per cent, or US$5.8 trillion, the International Labour Organisation (ILO) has said.

    In its World Employment and Social Outlook report released Wednesday, the ILO said that the achievement of such a goal could also unlock large potential tax revenues.

    For example, global tax revenue could increase by US$1.5 trillion given currently projected government revenue shares in GDP, most of it in emerging (US$990 billion) and developed countries (US$530 billion).

    "Consequently, policies promoting gender equality could be self-financing," it said.

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  • Europe should do more
    Sat, 10 Jun 2017 11:18:41 +0000

    Europe needs to do more to contribute to the 2030 Agenda on Sustainable Development that it supports and helped shape. This is the main conclusion of "From Vision to Action," a book compiling innovative research by young authors on a variety of issues, from taxes to energy, trade, and education. This publication is a first product of the Progressive Lab for Sustainable Development, a joint initiative of the Foundation for European Progressive Studies, the Socialists & Democrats group at the European Parliament and the SOLIDAR network.

    The Lab argues that the 2030 Agenda "could potentially turn the current unsustainable ?growth-at-any-cost? economic model into a sustainable one based on the clear supremacy of human rights over the economic privileges of vested interest groups. This will require measures and policies that tackle the current major global challenges such as growing inequalities; the biased trade and investment strategies and growing corporates? power; the shrinking funding for development cooperation."

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