News headlines for “Global Financial Crisis”, page 6
Economic Dogma Blocks Pragmatic Policies
- Inter Press Service
KUALA LUMPUR, Malaysia, January 19 (IPS) - After condemning pragmatic responses to the 1997-98 Asian financial crises, the West pursued similar policies in response to the 2008 global financial crisis without acknowledging its own mistakes.
Rising hunger and displacement pose growing economic risk, UN tells Davos
- UN News
As global leaders gather at the World Economic Forum in Davos this week, UN agencies are warning that rising hunger and displacement are not only humanitarian emergencies but growing threats to global economic stability.
Will AI kickstart a new age of nuclear power?
- UN News
The rapidly expanding use of artificial intelligence worldwide is putting electrical grids under huge pressure and many believe that, to meet that need without contributing to the climate crisis, a full-scale expansion of nuclear energy is essential.
Global employment stable but decent jobs in short supply
- UN News
Global unemployment remains stable, but progress toward decent work has stalled, according to a new report from the International Labour Organization (ILO), which warns that young people continue to struggle in a job market which risks being further undermined by AI and trade policy uncertainty.
‘Beyond GDP’ economists push for clearer metrics on wellbeing, sustainability
- UN News
Top finance experts are meeting at UN Geneva this week to push for a radical shake up in the way economic growth is gauged, in response to concerns that GDP measurements provide little insight about progress on key sustainability targets that are vital to our survival.
US Retreat from Multilateral Institutions Undermines Rule Of Law
- Inter Press Service
WASHINGTON, USA, January 9 (IPS) - The Trump Administration’s sweeping executive order to withdraw the United States from dozens of United Nations bodies and international organizations, as well as a treaty ratified by the United States with the advice and consent of the US Senate, is a targeted assault on multilateralism, international law, and global institutions critical to safeguarding human rights, peace, and climate justice.
A Year of High Expectations and Frustrations
- Inter Press Service
DHAKA, Bangladesh, January 8 (IPS) - As many of you know, out of the blue, I have been called in to assist the Interim Government led by Nobel Laureate Professor Muhammad Yunus in stabilising the economy left in ruins by the fallen autocratic-kleptocratic regime that looted the banks, stole public money and robbed small investors in the capital market to siphon off billions of dollars out of the country. I had never served in a government; neither had I ever expected this opportunity. However, my UN experience and political economy understanding have been handy.
Africa Squeezed Between Import Substitution and Dependency Syndrome
- Inter Press Service
MOSCOW, January 8 (IPS) - Squeezed between import substitution and dependency syndrome, a condition characterized by a set of associated economic symptoms—that is rules and regulations—majority of African countries are shifting from United States and Europe to an incoherent alternative bilateral partnerships with Russia, China and the Global South.
Global economy shows signs of steady but subdued growth
- UN News
The global economy has shown resilience amid turbulence during the past year, including shifting trade policies – yet growth remains subdued and far below pre-pandemic levels, the UN said in a landmark report published on Thursday.
Lost Opportunities to Halt Rising Military Spending
- Inter Press Service
NEW YORK, January 6 (IPS) - The United Nations issued a year end Fact Sheet: Rising global military expenditures, starkly illuminating that last year’s record high of $2.7 trillion in military expenditures, caused a cascade of devastating consequences to human well-being, the environment, possibilities for avoiding climate collapse, as well as blows to employment, ending hunger and poverty, providing health care, education, and other ills, due to a lack of adequate funding support.
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