By Philani Mthembu, Executive Director at Institute for Global Dialogue
The COVID-19 pandemic exposed the lack of a regional alternative to access goods and services once global value chains had been disrupted. Such a situation can only be remedied by encouraging the development of more robust regional value chains that feed into existing global value chains, boosting resilience to future pandemics or crises. Regional co-operation and integration are the missing link to ensure greater alignment and coordination between national plans and international development goals.
By Creon Butler, Research Director, Trade, Investment and New Governance Models, and Director, Global Economy and Finance Programme, Chatham House and Harald Hirschhofer, Senior Advisor, TCX
Developing countries need external finance on a very large scale to meet the Sustainable Development Goals; the COVID-19 pandemic has not only increased the amount they need but also made it harder to access private funding. This makes public Development Banks more important than ever, especially to catalyse investments by pension funds and other institutions in socially productive assets.
By Susanna Moorehead, Chair of the OECD’s Development Assistance Committee (DAC)
The DAC’s 60th anniversary is a good moment to pause and take stock with some honest self-reflection. Like any 60 year old, the DAC has grown up, changed a great deal, at times become a bit set in its ways, but it has also learnt to adapt, flex, respond to shocks, be less risk averse and better able to meet new challenges, incorporate new members and work with others.
By Martin Wagner, Senior Policy Advisor Asylum, ICMPD, Caitlin Katsiaficas, Policy Analyst, ICMPD, and Benjamin Etzold, Senior Researcher, BICC
This year, we celebrate 70 years since the 1951 Geneva Refugee Convention was signed. While the Convention has aged relatively well since its inception and has remained relevant for so long, global developments have left their mark. Ever more protracted, mostly internal, conflicts make true solutions for displaced people scarce. As a consequence, UNHCR has sounded the alarm on the growing numbers of displaced persons, virtually every year for the past decade, on the occasion of World Refugee Day (20 June). As expected, the 2020 figures presented at this year’s world refugee day were no different.
By Rachel Thrasher, Researcher, Boston University Global Development PolicyCentre
By only granting a 13-year extension in a critical time for economic recovery from COVID-19, Members of the World Trade Organization may be creating more severe challenges for Least Developed Countries and the global economy down the road.
Without much fanfare, on June 29, 2021, the member countries of the World Trade Organization (WTO) quietly agreed to extend the transition period for least-developed countries (LDCs) to implement the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement) for another 13 years.
The recently granted extension falls substantially short of what was requested, though it is slightly longer than the previous two nine-year extensions. The news has received relatively little attention in the midst of negotiations for vaccine access and pandemic fears about new vaccine-resistant variants, but to be sure, the failure to acknowledge the need for a longer-term transition period has substantial impacts for LDCs’ development trajectories.
By Ambassador Dr Mohan Kumar, Chairman, RIS, Dean/Professor, Jindal Global University, Sonipat, India, Former Indian Ambassador to France1
It is a truism that the European Union (EU) welcomes, prefers and supports a multipolar world; a strategic world view that is fully shared by its partners like India. More fundamentally, it is in the interest of the EU and its like-minded partners to ensure that the international order is not underpinned by a G2 system of government where the rules are essentially shaped by the US and China. This, however, entails the EU being strong enough to occupy an independent pole in the multipolar system. The EU is not quite there yet, but its friends and partners will certainly wish this to occur, sooner rather than later.
By José Antonio Ocampo, Professor at Columbia University and former UN Under-Secretary-General for Economic and Social Affairs and Finance Minister of Colombia
The decision of the IMF Board last Friday to approve the allocation of $650 billion in Special Drawing Rights (SDRs) is excellent news for the world economy. This proposal had been on the table since the early phase of the COVID-19 crisis. It was vetoed by the United States under the Trump administration, but endorsed by the Biden administration, who proposed the magnitude of the agreed allocation.
By Shipra Narang Suri, Ph.D. Chief, Urban Practices Branch, Global Solutions Division, UN-Habitat andFederico Bonaglia, Deputy Director, OECD Development Centre
Cities and local authorities around the world have played a key role in the response to the COVID-19 pandemic, applying prevention and containment measures, providing swift humanitarian response, as well as taking the first steps towards post-pandemic recovery. They implemented nation-wide measures, but also experimented with bottom-up recovery strategies. Local authorities are an indispensable “ring” in the governance chain necessary to prevent and respond to pandemics and advance a One Health Approach.
Avec l’arrivée de nouvelles technologies qui brouillent les frontières entre sphères physique, numérique et biologique, un changement spectaculaire dans la façon dont nos économies et nos sociétés interagissent, produisent et communiquent est en cours. Et comme nos économies sont aujourd’hui plus que jamais interconnectées, cette révolution industrielle a lieu dans pratiquement tous les coins du monde. Parallèlement, les migrations internationales n’ont jamais été aussi nombreuses.