While the G20 efforts to manage global aggregate demand, exchange rate management and stronger regulation of the international financial sector have not worked out quite as planned, in Cannes the Group was further solidifying its role in directing the system of multilateral institutions. The G20 has assigned itself the job of determining international development cooperation policy. It is not the proper group to undertake such a job and it is not doing it well. A comment by Barry Herman
“International development cooperation” is understood here to mean the coherent and consistent application of the full panoply of policy measures that aim to boost economically, socially and environmentally sustainable and sustained development. By global agreement, it includes everything in the Monterrey Consensus, adopted in 2002 at the International Conference on Financing for Development, as well as the mandates and actions for sustainability that can be traced back to the “Earth Summit” of 1992 in Rio de Janeiro ...
Plans for a Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States have sparked considerable debate. However, Rainer Falk and Barbara Unmüßig consider a topic thus far left out of critical debate: TTIP's implications for the "rest of the world," particularly for developing and emerging economies.
Three months after elections, a new cabinet was sworn in end of February in Kathmandu. The two largest parties have formed a coalition, with the new Prime Minister from the Congress Party, and 18 ministers from the Congress and UML parties. The mainstream Maoists voted in support but did not join an initially foreseen unity government. Where does the country stand at this moment?
The negotiations between EU and US on a Transatlantic Trade and Investment Partnership (TTIP) are in full swing. The project is not only intended to reduce tariffs between the world economy's two biggest trading blocs; its primary aim is to dismantle and/or harmonise a wide spectrum of regulations. Investment liberalisation and protection also will be central issues.
The number of young people of working age in the world's 49 poorest nations is increasing by 16 million per year, and in each one of 11 such countries it will climb by at least half a million per year, a new UNCTAD report says. The organization recommends that the governments of the globe's least developed countries (LDCs) intensify efforts to employ this vast resource - currently largely underemployed, or trapped in vulnerable, low-paid jobs.
This week, the UN General Assembly (GA) will assess the Millennium Development Goals (MDGs) - their progress and gaps - and officially launch the intergovernmental discussion on a new, sustainable development agenda - perhaps to be encapsulated as sustainable development goals (SDGs).