Categorie: News (pagina 1 van 7)

The FinCEN Files

Read all about the new investigation of ICIJ, investigating journalists, on the role of global banks in industrial-scale money laundering.

Reading this in times of austerity and cuts in social expenditures is really hard!

Re-inventing multilateral solidarity: rhetoric, reaction or realignment of power?

Food for thought on the 75th anniverdsary of the UN: reflections from Barbara Adams from the Global Policy Forum.

Multilateral solidarity is gaining traction as the slogan for mobilizing support for international cooperation and for the UN. Is it replacing or merely renaming cross-border obligations – many of which have been enshrined over decades in UN treaties, conventions and agreements – and the principle of common but differentiated responsibility in their implementation?

Read the report

ILO: Developing countries should invest US$1.2 trillion to guarantee basic social protection

Closing the coverage gap, worsened by COVID-19, will require additional sources of financing says a new ILO study.

Since the onset of the COVID-19 pandemic  the social protection financing gap has increased by approximately 30 per cent according to Financing gaps in social protection: Global estimate and strategies for developing countries in light of the COVID-19 crisis and beyond .

Read the ILO report

The Illusions and False Promises of the Universal Basic Income

Reacting to Guy Standing’s position on basic income

It is astonishing to see the many arguments, based exclusively on very thin air, always coming back in discussions on a Universal Basic Income (UBI). No, the cost of a UBI is not too high (where are the numbers?), it will give people freedom (three different types of freedom!), we will tax the rich (when? how?) and basic income will even make an end to rentier capitalism (how?). The reasoning starts with the non-evidenced statement that the ‘COVID-19 pandemic has brought into sharp relief the irretrievable breakdown of the post-war income distribution system’ (really? how? where? when?).

In this contribution I want to highlight three points, the question of cost, the link between work and income and finally the hidden message of these biased reasonings in favour of basic income. Lees verder

Trade Unions Need New Strategies

Trade unions are on the defensive all over the world, under immense pressure from strong economic and political forces. We are facing a multiplicity of crises. Employers are attacking on all fronts, and the pandemic is being used as an excuse further to undermine unions, wages and working conditions.

Read the article of Asbjorn Wahl

Pharmaceutical Sovereignty

The unprecedented global health crisis caused by the coronavirus (COVID-19) pandemic since the first quarter of 2020 has reopened the now-urgent discussion about the role of local pharmaceutical production in addressing the health needs in developing countries. The COVID-19 crisis has highlighted the interdependencies in the global production of pharmaceuticals—no country is self-sufficient. Many industrialized countries are making the decision to repatriate or initiate the production of active pharmaceutical ingredients (APIs) and medicines. Governments are beginning to talk about ‘pharmaceutical sovereignty’ or ‘health security’. If this becomes a reality and the production of pharmaceuticals is led by nationalistic policies, developing countries that still lack manufacturing capacity will have to start or expand the local production of pharmaceuticals, whether at the national or regional level. The war to get access to the future vaccine for COVID-19 does not look easy with these new developments.

Read the report of the South Center by German Velasquez

Philanthropy, again

There are more philanthropists than ever before. Each year they give tens of billions to charitable causes. So how come inequality keeps rising?
Philanthropy, it is popularly supposed, transfers money from the rich to the poor. This is not the case. In the US, which statistics show to be the most philanthropic of nations, barely a fifth of the money donated by big givers goes to the poor. A lot goes to the arts, sports teams and other cultural pursuits, and half goes to education and healthcare. At first glance that seems to fit the popular profile of “giving to good causes”. But dig down a little.

Read the article in The Guardian from Paul Vallely

ITUC Global Poll on working people

The poll shows that working people are struggling with a global wages slump: three-quarters of people (75%) say their income has stagnated or fallen behind.

The economic consequences of the Covid-19 pandemic have been layered on top of a pre-existing crisis of low-wage and insecure jobs. Every second person has no financial buffer, no ability to save for the tough times ahead and relies on every pay cheque to survive. Without savings or a safety net, millions of people entered the pandemic with a choice between working or starving,” said Sharan Burrow, General Secretary, International Trade Union Confederation (ITUC).

People are feeling powerless, with two out of three (66%) people across the countries surveyed saying that people like them do not have enough influence on the global economy. Almost as many (63%) believe working people have too little influence. In contrast, the majority of people believe that the richest 1% (65%) and corporate interests (57%) have too much influence.

Read the full report

World Population Likely to Begin Falling after 2050

The world’s population will likely shrink after 2050, according to an analysis, a potential threat to the global economy as declining numbers of working-age people hurt production and tax rolls.

It would be the first time in modern history for growth in the number of world inhabitants to halt, researchers said in The Lancet journal. Access to birth control and education for women will help drive fertility rates below the level needed to maintain current populations, the authors said.

Read the article by Jade Wilson

Dismantling the Kafala System – Minimum Wages in Qatar

Greater freedom to change jobs, combined with a non-discriminatory minimum wage, will benefit employers and workers alike.

Read the article from ILO

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