Just Repeating Old Commitments Is Not Enough

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Monitoring G8 Europe Global The New South UN Reform Global Finance Doha Final

Just Repeating Old Commitments Is Not Enough

Expectations to the G8 summit in Italy

The crisis, which originated within the world’s major financial centers, has spread throughout the global economy, causing severe social, political, and economic dislocation and a rise in social conflict and distress. As Amnesty International warned, the world is sitting on a "powder keg" of social unrest. For the G8 roadshow this week in Italy repeating old commitments is not enough, says Eveline Herfkens.

Developing countries, which are least responsible for the crisis, are now bearing the brunt of its impact. The human costs are dramatic, as government budgets have been slashed cutting investment in human development while unemployment continues to rise as producers lose markets – local and international. Reduced household income translates into worsening nutrition, lower school attendance of girls and deteriorating health, as visits to clinics are postponed ...

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More on the subject:

>>> Proposals for a Profound Reform of International Finance
>>> Increased IMF Funding without Reform?

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WDEV Recent Issues

Issue 1/Jan-Feb 2010
The Superiority of the Financial Transaction Tax + Global Unemployment on Record Levels + New Beginning in European Development Policy? + Clean Development for the South
Issue 6/Nov-Dev 2009
Global Economic Prospects for 2010 + Does Copenhagen Really Matter? + Quo Vadis, German Development Cooperation? + Mapping Social Protection in South Asia
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