According to the United Nations, over the past twenty years disasters from natural hazards have affected 4.4 billion people, claimed 1.3 million lives and caused $2 trillion in economic losses. For the first time, disaster losses globally have topped $100bn for three consecutive years (2010-2012), far outstripping humanitarian aid. According to Ban Ki Moon, 'Economic losses from disasters are out of control.
Topic:
Climate Change, Development, Economics, Humanitarian Aid, Natural Disasters, and Infrastructure
In 1753 John Wesley, the founder of Methodism said, "So wickedly, devilishly false is that common objection, 'They are poor, only because they are idle'". Yet today many churchgoers and members of the general public alike have come to believe that the key factors driving poverty in the UK are the personal failings of the poor – especially 'idleness'. How did this come about?
Topic:
Security, Economics, Poverty, Social Stratification, and Sociology
The German economy is clearly slowing in the face of the latest phase of the Eurozone crisis. We expect the impact of the crisis on business investment and exports to cause the economy to contract in Q2 before recovering slowly in H2. As a result, GDP growth is now forecast to slow to 0.7% in 2012 overall from 3.1% last year, before accelerating to 1.4% in 2013.
Topic:
Economics, Industrial Policy, Markets, and Financial Crisis
After a year of extreme weather, developing countries face a climate 'fiscal cliff' at the end of 2012, as Fast Start Finance expires and the Green Climate Fund remains empty. New Oxfam analysis of Fast Start Finance reveals that much of it has been a false start. Governments have not delivered on commitments made in Copenhagen to ensure that the funding was new, additional, and balanced across adaptation and mitigation projects. Developed nations must scale up climate finance from 2013, consider innovative proposals to raise public climate finance, and make pledges to the Green Climate Fund which otherwise will remain an empty shell for the third year in a row.
Topic:
Climate Change, Development, Economics, Environment, Third World, and Financial Crisis
With the outlook for exports subdued and investment weak, we expect industrial output growth to slow further in 2012H1. But consumption is taking up the slack and fiscal policy is set to be supportive. As a result, we only expect a relatively modest slowing in growth in 2012 to 8.4% from 9.2% in 2011. But with house prices still falling in December, we remain concerned about the risk of a sharp slowing in the property market leading to strains on local government finances and a hard landing for growth, particularly with the external environment weak. However, central government finances are strong and fiscal transfers could provide a significant cushion in the event of a property bust.
Topic:
Communism, Economics, Government, International Trade and Finance, and Global Recession
The floods that began in August 2011 resulted in one of the most destructive disasters that Pakistan has experienced. More than five million people have been affected: 1.8 million people were left homeless and more than 2.2 million acres of crops were lost, resulting in agricultural losses of nearly $2 billion.
Topic:
Economics, Humanitarian Aid, Poverty, and Natural Disasters
Humanity's challenge in the 21st century is to eradicate poverty and achieve prosperity for all within the means of the planet's limited natural resources. In the run-up to Rio+20, this discussion paper presents a visual framework – shaped like a doughnut – which brings planetary boundaries together with social boundaries, creating a safe and just space between the two, in which humanity can thrive. Moving into this space demands far greater equity – within and between countries – in the use of natural resources, and far greater efficiency in transforming those resources to meet human needs.
Topic:
Development, Economics, Environment, Poverty, and Natural Resources
The first anniversary of the European External Action Service (EEAS) finds the European Union (EU) in the midst of an economic, financial, and identity crisis that has aggravated the ongoing decline in Europe's stature on the global scene as new political and economic actors emerge. The new diplomatic service provides the EU with an opportunity to address its shortcomings in foreign policy by bringing greater coherence to external policy making; by enhancing consistency across EU instruments; and by adopting a more comprehensive and strategic approach to global challenges.
Topic:
Foreign Policy, Diplomacy, Economics, and International Trade and Finance
In 2010, the G20 committed themselves to promoting inclusive and sustainable economic growth. They argued that 'for prosperity to be sustained it must be shared' and also endorsed 'green growth', which promises to decouple economic expansion from environmental degradation. But G20 countries have some way to go to match this commitment. This paper assesses their record, and points the way forward.
Topic:
Climate Change, Economics, International Organization, International Trade and Finance, and Poverty
This issue briefing highlights the increasing use by development finance institutions of financial intermediaries to channel their funding. It identifies features of this lending and the implications for affected communities' access to land and resources. It also provides recommendations for addressing concerns related to these investments.
Topic:
Development, Economics, International Trade and Finance, Markets, and Natural Resources