In the movie “The Big Kahuna,” the character played by Danny DeVito tells a young salesman that he does not have any character, “for the simple reason that you do not regret anything yet.” “Are you saying,” the young man asks, “that I won’t have character unless I do something that I regret?” “No, Bob,” DeVito answers, “I’m saying that you’ve already done plenty of things to regret. You just don’t know what they are.”
The South Centre recently published Research Paper No. 73: "Inequality, Financialization and Stagnation," authored by Dr. Yılmaz Akyüz, Chief Economist of the South Centre.
The failure of exceptional monetary measures pursued in response to the financial crisis in advanced economies to achieve a strong recovery has created a widespread concern that these economies suffer from a chronic demand gap and face the prospect of stagnation. This paper reviews and discusses the alternative views on the causes of the slowdown in accumulation and growth and the policies implemented and proposed to deal with it.
The United Nations 2030 Agenda for Sustainable Development commits UN member states to “leave no one behind.” One crucial component of that commitment – encompassed in the International Labor Organization’s own agenda – is decent work for all. At a time when worker frustration and disillusionment is being expressed in elections across the world, this goal could not be more important.
Nowadays, the expectation that each generation will be better off than the previous one, both socially and economically, is no longer automatic. For many, downward mobility has become the new normal.
Little wonder, then, that long-simmering frustration with the way globalization has been handled and resentment at the unfair distribution of its gains have fueled the political backlash sweeping the world of late. This disillusionment arises, at least partly, from people’s own experience of work, whether exclusion from the labor market, poor working conditions, or low wages.
In an unprecedented and historic move, the Sixth Committee of the UN General Assembly recently granted observer status to the International Chamber of Commerce (ICC). The resolution was submitted by France, Albania, Colombia, the Netherlands and Tunisia and was adopted during the seventy-first session of the General Assembly. The resolution sets out the ICC’s position as observer in the General Assembly from 1 January 2017 on.
For the first time, the Sixth Committee of the General Assembly (GA) has approved a business organization as an observer to the UN General Assembly. So far, the current list of non-Member States, entities and organizations with observer status in the General Assembly was mainly limited to non-Member States, like the Holy See and the State of Palestine, and intergovernmental organizations like the African Union and the OECD. Trade unions and civil society organizations are not on the list.
His first days in office indicate that President Donald Trump intends to implement what he promised, with serious consequences for the future of the United Nations, trade, the environment and international cooperation, and developing countries will be most affected.
Those who hoped Trump would be more statesman-like in style and middle-of-the-road in policy matters after his inauguration had their illusions dashed when the new United States President moved straight into action to fulfil his election pledges.