The Economist of October 13th 2012 has several articles on what seems to become the new priority on the international development agenda: inequality.
'….Growing inequality is one of the biggest social, economic and political challenges of our time. But it is not inevitable….'
However, do not think this leads to fully-fledged welfare states! If you want to know what the new agenda for 'new progressivism' means, please go and read the different contributions. They are highly interesting: http://econ.st/QNGakg
(IPS) - In the aftermath of last week’s elections to the International Monetary Fund (IMF)’s executive board, Brazil and others are expressing frustration that a reforms process aimed at increasing the representation of developing countries is being stymied by European countries.
Read more: Brazil frustrated with European 'backtracking' on IMF Reform
The launch of the IMF's autumn 2012 World Economic Outlook (WEO) report stimulated a controversy over economic forecasting during the annual meetings of the IMF by admitting that the Fund's models, used to dictate the terms of bailouts, were flawed.
Read more: World Economic Outlook admission of flaw creates controversy
The EU Council of Ministers of Foreign Affairs adopted in its meeting of 15 October a declaration concerning the Commission's Communication on social protection in development cooperation.
Who could have imagined ten years ago the paradoxical situation we are living in today! In 2002 the first signs of the multiple crisis the EU is living in today were visible, especially at the social level. But institutionally, there was hope that the new constitutional treaty would bring solutions for old problems. At the economic level, everything was going fine with a new common currency and reasonable growth figures. Socially, the situation was more difficult with some neoliberal reforms, a Lisbon strategy aimed at ‘activating’ unemployed people and liberalizing public services.
Read more: Europe in crisis and Asia emerging: a look at social protection
Data from the latest FAO report: the world counts 852 million people with hunger, most of them in developing countries. But 16 million people in developed countries are undernourished...
Social Protection for all
UN Special Rapporteur on food, Olivier De Schutter, and UN Special Rapporteur on poverty Magdalena Sepulveda, just published a report and a proposal to introduce a basic social protection for all.
They launched a joint briefing note, calling for the creation of a Global Fund for Social Protection (GFSP). In the briefing they state that 2 per cent of the global GDP would be enough to provide all the world’s poor with basic social protection against the risk of unemployment, illness, disability, crop failure and soaring food costs.
Declaration by the ECOFIN Council of 9 October 2012:
The Council was informed of developments regarding the possible introduction of a financial
transaction tax (FTT), via enhanced cooperation, in a limited number of member states.
Human Rights are the best weapon to combat Hunger, according to this report
Read the Call to Action of the People's Health Assembly in Cape Town, July 2012
This month’s annual meetings of the World Bank and the IMF in Tokyo will see renewed lobbying by global unions for decent work and against austerity. So the publication on Monday night of the World Bank’s flagship annual publication, the 2013 World Development Review, was a major event – and one that the International Trade Union Confederation (ITUC) was able, for once, to welcome.