Having avoided a deep depression, stabilized financial markets and recovered the ground lost during the crisis years, there is a growing belief in some policy circles that the global economy is back to normal. But UNCTAD’s 2014 Trade and Development Report (see reference) suggests that tight fiscal policy, flexibilisation of labour markets, active monetary policies and the reliance on buoyant asset prices cannot bring the world economy back to robust health. By Rainer Falk
Sluggish growth, weak employment conditions, high household indebtedness and persistently high levels of inequality are neither new nor normal. Rather, the report insists that the main problems in the post-crisis period are insufficient aggregate demand and continuing financial instability, and that both of these issues reflect policy choice ...
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.