Update with a Focus on Asia
Developing countries lost 6,5 billion Dollars as a consequence of illicit capital outflow in the last ten years. This is the result of a new study by Global Financial Integrity.
SOME OF THE OLDER ARTICLES, NEWS AND DOCUMENTS CAN STILL BE CONSULTED AT WWW.GLOBALSOCIALJUSTICE.COM
In this first report of a new series, the ILO defines social security as a human right and an economic necessity. It gives a useful oversight of definitions and approaches and an extensive overview of what already exists in different countries, in terms of coverage and expenditure.
UNCTAD's new LDC Report 2010 once again criticizes the poverty measures of the World Bank and pretends that 53 % of the population in LDCs is extremely poor (at less than 1.25 $/day) and 78 % of the population is poor (at 2 $/day). It proposes a new International Support Mechanism, which in turn requires a new International Development Archtiecture. This is the most urgent challenge facing the international community today.
At the 20th anniversary of its first Human Development Report, UNDP proposes an Human Development Index (HDI) corrected for inequality and a new Multidimensional Poverty Index. A new methodology has also been developed for measuring the HDI, though it is already very controversial.
The taxation of financial transactions is back on the agenda. At the G20 summit in Pittsburgh, French President and the German Chancellor were opened the debate on a Financial Transaction Tax (FTT) in the G20. As a result, the IMF has been mandated to prepare a report by June 2010 on options “as to how the financial sector could make a fair and substantial contribution toward paying for any burdens associated with government interventions to repair the banking system.”
The report from the Working Group on solidarity levies made for the Task Force of the Leading Group for Innovative Finances is now on the website.