Tag: development (page 1 of 2)

For a new International Financial Architecture

The international financial architecture is in urgent need of reform. In the words of UN Secretary-General António Guterres, it is “outdated, dysfunctional and unjust”. The main institutions were created 80 years ago in a transatlantic agreement, at a time when many of the world’s nation-states of today were still colonies. Moreover, the institutions have failed in their mission to prevent and mitigate crises and to mobilize sufficient financing for internationally agreed development goals.

Reimagining the International Financial Architecture | Global Policy Forum

UNCTAD at 60!

The United Nations Trade and Development (UNCTAD) celebrated its 60th anniversary in June 2024 in Geneva, holding a high-level Global Leaders Forum that brought together ministers, officials and experts to discuss the multidimensional challenges facing countries, and strategies for advancing the UN 2030 Agenda for Sustainable Development. It highlighted the need for innovative solutions to address current global crises that can promote resilience, economic growth and sustainable development.

The South Centre | SouthViews No. 271, 31 July 2024

South Suffering due to policies of powerful nations

The World Bank expects the international economic slowdown to be at its worst in over four decades in 2024. This is mainly due to powerful Western nations’ contractionary macroeconomic and geopolitical policies.

South Suffering Due to Powerful Nations’ Policies | Inter Press Service (ipsnews.net)

Trade liberalisation kicked away the development ladder in Africa

Africans have long been promised trade liberalisation would accelerate growth and structural transformation. Instead, it has cut its modest production capacities, industry and food security.

Trade Liberalisation Kicked Away African Development Ladder | Inter Press Service (ipsnews.net)

ITUC asks for systemic shift

The ITUC demands substantial changes in global financial strategies to better meet the Sustainable Development Goals (SDGs), after the conclusion of the United Nations’ Financing for Development Forum (FfD Forum).

ITUC calls for “systemic shift” at UN Financing for Development Forum – International Trade Union Confederation (ituc-csi.org)

Industrial policies? Of course!

Developing countries wanting to pursue industrial policy were severely reprimanded by advocates of the ‘neoliberal’ Washington Consensus. Now, it is being deployed as a weapon in the new Cold War.

Industrial Policy, East or West, for Development or War? | Inter Press Service (ipsnews.net)

More Poverty, more Inequality…

Look at the charts of the World Bank: 2023 was noty positive at all. More poverty, more inequality, ‘development work more complicated’…

2023 in Nine Charts: A Growing Inequality (worldbank.org)

Middle Income Country Trap?

In recent decades, failure to sustain economic progress has been blamed on a supposed middle-income country (MIC) trap. Such blaming obscures as much as it supposedly explains.

Article by Jomo Kwame Sundaram:

Inequality, Social Protection and the Right to Development

The Human Rights Council of the UN just published the Report of the Expert Mechanism on the Right to Development.

An interesting document with new arguments for defending and promoting not only ‘social protection’ but a new perspective on ‘development’.

Inequality, social protection and the right to development” (A/HRC/54/83)

The World Bank’s ‘Evolution Roadmap’

A civil society briefing – published in response to the World Bank’s public consultation on the ‘Evolution Roadmap’ and endorsed by 74 organisations and indidivuals (see pp. 9-10) – calls for a World
Bank Group roadmap that prioritises people, participation and the planet over profit and economic
growth. It provides an alternative analysis of the current ‘crisis of development’ which the Evolution
Roadmap seeks to respond to; presents key evidence on the damaging effects of the ´Cascade´
approach to date; and proposes an alternative pathway towards a more equitable and sustainable
World Bank Group ‘evolution’, which would reverse the flow of the Cascade, putting public interest –
including grassroots voices, and economic, social, women’s, girls’ and human rights – at the centre
of the public development paradigm for the 21st century, rather than the profits of corporations and
private finance

Read the briefing

Older posts