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Two members of the European Commission, the one for Development, Piebalgs, and the one for Trade, De Gucht, have worked together to make this new communication in which they want to make clear that development is absolutely necessary to achieve development. But who wants trade most?

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  • Approximately US$197 billion flowed out of the 48 poorest developing countries and into mainly developed countries, on  a net basis over the period 1990-2008.
  • The top ten exporters of illicit capital account for 63 percent of total outflows, while the top 20 account for nearly 83 percent.
  • Based on available data, African LDCs accounted for 69 percent of total illicit flows, followed by Asia (29 percent) and Latin America (2 percent).
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    The Developing World lost US$903 billion in illicit outflows in 2009, despite the massive financial crisis which rocked the global economy in late 2008. The capital outflows stem from crime, corruption, tax evasion, and other illicit activity.

    The report finds that the the vast majority of the drop from US$1.55 trillion to US$903 billion was due to a decrease in volumes of international trade, foreign direct invest, and new external loans, rather than any government action. From 2000 to 2009, developing countries lost US$8.44 trillion to illicit outflows

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    According to the 2012 of the ILO report on Global Employment Trends (GET), the world faces the “urgent challenge” of creating 600 million productive jobs over the next decade in order to generate sustainable growth and maintain social cohesion. The GET report offers the latest global and regional information and projections on several indicators of the labour market, including unemployment, youth employment and working poverty.

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    Crime, corruption and tax evasion cost the Mexican economy US$872 billion between 1970 and 2010 according to a new report from Global Financial Integrity (GFI), a Washington, DC-based research and advocacy organization. The illicit financial outflows, which averaged a massive 5.2% of GDP, grew significantly over the 41-year period studied from just US$1 billion in 1970 to US$68.5 billion in 2010.

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    First version of the draft document for the Rio+20 Conference.

     

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    This new OECD publication explains how, for the three decades prior to the current crisis, income inequalities in almost all OECD member states have been rising. It also contains a chapter on income inequalities in emerging countries. And it gives suggestions on how to try and solve this persistent problem.

     

    More than 200 multilateral donors receive or serve as a channel for 40% of all aid. To help meet the challenge of ensuring effective and co-ordinated multilateral aid efforts, Multilateral Aid 2010 covers trends in and total use (core and non-core) of the multilateral system, with a special focus on trust funds from the United Nations Development Program (UNDP) and the World Bank. It explores development perspectives of the climate change funding architecture and provides an overview of the response of multilaterals to the financial and economic crisis.

    The new Social Panorama for 2011 shows good results for Latin America: both poverty and inequality have diminished, thanks to the economic growth, better conditions foir labor en better social protection. However, extreme poverty has slightly worsened ...

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    In its new report the ILO warns that the world is heading towards a new and deeper jobs recession, with more social unrest ...

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