Greater government intervention is needed to moderate the severe
economic swings and inequalities that seem to be an unavoidable
byproduct of globalization, according to a United Nations report released yesterday.
The NEF argue the case that global economic growth is an extremely inefficient way of achieving poverty reduction, and is becoming even less effective. We need to move towards a system in which policies are designed explicitly and directlyto achieve our social and environmental objectives, treating growth as a by-product.
New research
from Christian Aid shows that sub-Saharan Africa is a massive US$272
billion worse off because of ‘free’ trade policies forced on them as a
condition of receiving aid and debt relief.
Global markets, global technology, global ideas and global
solidarity can enrich the lives of people everywhere. The 1999 HDR argued that the challenge is
to ensure that the benefits are shared equitably, and that this
increasing interdependence works for people—not just for profits.
