woensdag, december 09, 2009
With the Mounting Climate Crisis, Our Global Trade Inter-Dependency is Vital
s I was jogging today, the image of Jacques Diouf fasting at the opening of the Rome Food Summit came to mind. I could not help but think about the thousands who die of hunger every day. The fresh air of the early morning acutely brought to my mind the huge number of global challenges facing us.At the end of 2009, a year marked by the first ever global crisis, we are confronted with the need to find a multilateral compromise to fight climate change. With the need to reduce the threat of nuclear proliferation. With the need to achieve closure of the Doha Round. And with the food crisis ... Each a formidable challenge in its own right. Each of them leads us back to the essential question: to what extent is each one of us ready to pay for protecting and preserving global public goods?
Pascal Lamy
Read on | With the Mounting Climate Crisis, Our Global Trade Inter-Dependency is Vital On the Blog "Ideas for development"
Labels: Climate Change, Copenhagen, Pascal Lamy
- posted by DD @ 11:07 a.m. Perma Link/Print (0) comments
zondag, november 22, 2009
Trading Our Way Out of Crisis
ENEVA – Global trade contracted in 2009 at a rate not seen since the Great Depression, and those paying the heaviest price are those who can least afford it. So, when trade ministers from the World Trade Organization’s 153 members gather in Geneva later this month, the issue of how the WTO and the global trading system can help the poorest countries will be high on the agenda.Driven largely by collapsing domestic demand and production levels, but also by a shortage of affordable trade finance, trade volumes will fall by more than 10% this year. Whether trade will recover next year is an open question. Despite some evidence that trade volumes grew over the summer, recovery has been patchy – and so fragile that a sudden shock in equity or currency markets could once again undermine consumer and business confidence, leading to a further deterioration of trade.
Pascal Lamy
Read on |Project Syndicate - Trading Our Way Out of Crisis
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Labels: Economy, Pascal Lamy, Project Syndicate, WTO
- posted by DD @ 2:18 p.m. Perma Link/Print (0) comments
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