Archive for April, 2007

Inequality is probably the greatest risk to Latin America according to the latest Latin America@Risk report from the World Economic Forum. Interestingly the report seems to express as much fear about perceived inequality as actual inequality. To quote the press release on the document: “Perhaps the region’s greatest ongoing concerns are social and economic inequalities […]

The current international edition of Newsweek (16 April) has an unusually balanced cover story on climate change for a mainstream publication. It points out that, other things being equal, there will be winners as well as losers as a result of global warming: “Fairly or not, the tilt is destined to favor the countries of […]

My comment from Monday’s Fund Strategy on the globalisation of labour is published below. It is based on a chapter in the latest World Economic Outlook from the International Monetary Fund (IMF). As always there is much else in the Outlook for those interested in contemporary trends in the world economy. One of the most […]

Sachs Sucks, my review of the first BBC Reith lecture by Jeffrey Sachs, has appeared on the Arts & Letters website today.

The latest World Development Indicators from the World Bank show the enormous benefits of economic growth in poverty reduction. The total number of people living in extreme poverty – defined as less than $1 a day – fell to 985 million in 2004 (the latest available figures) compared with 1.25 billion in 1990. It should […]

Tom Friedman, a foreign affairs columnist for the New York Times, has a cover story in the newspaper’s Sunday magazine today calling for a new green patriotism in America (“The Power of Green”): “Well, I want to rename “green.” I want to rename it geostrategic, geoeconomic, capitalistic and patriotic. I want to do that because […]

John Elkington, writing in Open Democracy, reminds us that the idea of sustainable development became mainstream at least 20 years ago. It was spelt out in the landmark Brundtland report, officially known as Our Common Future, in 1987. Elkington gives a useful chronological history of the development of the idea of sustainability in four “waves”. […]

Developing countries will suffer as a result of the corruption allegations around Paul Wolfowitz. The World Bank president (and former US defence secretary) is accused of helping his partner win promotion and a pay rise. Critics accuse Wolfowitz of hypocrisy because he has led an anti-corruption drive against third world nations (following on from his […]

Spiked has published my review of the first of this year’s BBC Reith lectures by Jeffrey Sachs.

The following is a comment by me from the 9 April issue of Fund Strategy. The past few days have seen mixed news on the world economy. The bad news emanates from America while good news originates in emerging markets. Probably the worst news is America’s decision to impose tariffs on imports of “coated free […]