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ITUC General Secretary Sharan Burrow said “labour markets need to work for working people, and the Ministerial Declaration is a basis for a global economy that works for everyone. Global supply chains are based on a model of low wages, insecure and unsafe work with increasing informal work and modern slavery. We would like to see every country mandate the UN Guiding Principles on Business and Human Rights for workers in global supply chains, with due diligence and grievance procedures that enable remedy against exploitation for the millions of workers on whom multinationals rely on for their products and services.”

Twenty-seven countries across the world are in debt crisis, with a further 80 at risk of being so, according to new figures released for World Debt Day on 16 May.
The figures, calculated by the Jubilee Debt Campaign, classify countries as in debt crisis if they have a large financial imbalance with the rest of the world and large government payments on external debt, as a proportion of revenue.

Read the report

The world economy has not still recovered from the effects of the financial crisis that began almost a decade ago first in the US and then in Europe.  Policy response to the crisis, the combination of fiscal restraint and ultra-easy monetary policy, has not only failed to bring about a robust recovery but has also aggravated systemic problems in the global economy, notably inequality and chronic demand gap, on the one hand, and financial fragility, on the other.  It has generated strong destabilizing spillovers to the Global South.

Major emerging economies that were expected a few years ago to become global locomotives have not only lost their momentum, but have also become highly vulnerable to trade and financial shocks.  Policies proposed by the new administration in the US could entail a double blow to emerging and developing economies which have become highly dependent on foreign markets, capital and transnational corporations.  The EU remains a global deadweight, generating deflationary impulses for the rest of the world economy.  The jury is still out on whether the second largest economy, China, will be able to avoid financial turmoil and growth collapse.  This state of affairs raises serious policy challenges to the Global South in responding to external shocks and redesigning the pace and pattern of their integration into the global economy so as to benefit from the opportunities that a broader economic space may offer while minimizing the potential risks it may entail.

Research Paper

H&M has made promises to raise wage levels and increase worker influence in the garment factories of Cambodia.  The validity of these supposed ambitions is being criticized. ”What have they actually achieved? Nothing!”, says Sajsa Beslik, sustainibility banker at Swedish Nordea.
At night, mosquitos make their ways through the crack of air between the corrugated metal roof and the aged plaster of the cement wall, untroubled  by a long row of steel doors.
Seng Chhun Leng, 26, opens the padlock on her street level 15 square meter room. Several mattresses line the floor. She sleeps here together with her younger brother and his fiancée. She recently moved out of a room that cost just over 50 dollars per month.
”This was cheaper, just over 40 dollars, so I chose it instead”

The 2017 meeting of the UN Commission on the Status of Women agreed on the need for “progressive tax systems, improved tax policy, more efficient tax collection and increased priority on gender equality and the empowerment of women in official development assistance”. This call for an independent global tax body in connection with women, along with the call on Member States to strengthen government oversight of PPPs is significant. Does it perhaps signal a new willingness of CSW to take on constraints to women’s rights and empowerment beyond the national level?


The United Nations Secretary-General Antonio Guterres challenged participants at the 61st Commission on the Status of Women (CSW 61) in March 2017: “Do not let us at the UN off the hook. Keep our feet to the fire.” Many civil society organizations (CSOs) are doing just that –  calling for more from the CSW.

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