The fourth edition of the annual TNI State of Power report, coinciding with the international meeting in Switzerland of what Susan George calls “the Davos class”. This series seeks to examine different dimensions of power, unmask the key holders of power in our globalised world, and identify sources of transformative counter-power.
ILO's New Global Wage Report:
Wage growth around the world slowed in 2013 to 2.0 per cent, compared to 2.2 per cent in 2012, and has yet to catch up to the pre-crisis rates of about 3.0 per cent. Even this modest growth in global wages was driven almost entirely by emerging G20 economies, where wages increased by 6.7 per cent in 2012 and 5.9 per cent in 2013.
By contrast, average wage growth in developed economies had fluctuated around 1 per cent per year since 2006 and then slowed further in 2012 and 2013 to only 0.1 per cent and 0.2 per cent respectively. “Wage growth has slowed to almost zero for the developed economies as a group in the last two years, with actual declines in wages in some,” said Sandra Polaski, the ILO’s Deputy Director-General for Policy. “This has weighed on overall economic performance, leading to sluggish household demand in most of these economies and the increasing risk of deflation in the Eurozone,” she added.
The somewhat disappointing synthesis report of UN's Secretary-General on the post-2015 development agenda.
In a remarkable report of the independent internal evaluation office of the IMF, an analysis is made of the way the institution reacted to the financial crisis, and more particularly in the context of the EU. The call for fiscal consolidation as from 2010 was 'premature' the authors say.
The IPCC has published its fifth assessment report, repeating the urgent need to cut CO2 emissions if we want to stop the worst of climate change.
Stop deforestation, stop dirty energy, change unsustainable consumption and production patterns ... we all know it, when will it happen?
This year's Global Monitoring Report is worth reading. It is the result of a cooperation between the World Bank, the IMF and the OECD and contains a chapter on inclusive and sustainable growth in OECD countries, as well as one on aid. Its statistics have been adapted to the newest available data (though not the new PPP's) and its graphs are totally new. Remarkably: extreme poverty is now expressed in % of the total world population, whereas in the MDGs refer to developing countries ...
It gives a very clear though somewhat discouraging overview of where we stand with the MDGs.
The Asian-Pacific's rich population grew by 17,3 %, compared to 13,5 % for the rest of the world.Wealth expanded 18,2 %, compared to 12,3 % for the rest of the world. This strong growth resulted in a record of 4,3 million 'High Net Worth Individuals' and 14,2 trillion US$ of assets ...
More than US$400 billion flowed illegally out of Brazil between 1960 and 2012— draining domestic resources, driving the underground economy, exacerbating inequality, and facilitating crime and corruption—according to a new report to be published Monday, September 8th at a press event in Rio de Janeiro by Global Financial Integrity (GFI), a Washington DC-based research and advocacy organization.
Built from the World Wealth Report 2014 and based on our Global HNW Insights Survey with over 1,000 HNWI responses across the U.S., the report sheds light on the ongoing U.S. economic recovery and its impact on the record wealth growth. The report also explores increased trust and confidence levels of U.S. HNWIs.
Unctad's new 'Trade and Development Report has just been published.
The Report highlights that, six years after the onset of the global economic and financial crisis, the world economy has not yet established a new sustainable growth regime. With an expected growth between 2.5 and 3 per cent in 2014, the recovery of global output remains weak. Furthermore, the policies supporting the recovery are frequently inadequate, as they do not address the rise of income inequality, the steady erosion of policy space along with the diminishing economic role of governments and the primacy of the financial sector of the economy, which are the root causes of the crisis of 2008. Putting the world economy on the path of sustainable growth requires strengthening domestic and regional demand, with a reliance on better income distribution rather than new financial bubbles.