Making Extractive Industries Truly Transformative For Africa

By Isabelle Ramdoo and San Bilal* | IDN-InDepth NewsEssay

MAASTRICHT (IDN) – The sustained commodity boom of the last decade provided a new impetus to a number of African countries, after decades of economic turmoil. High growth rates, recorded in recent years, uncovered new opportunities to finally address long-standing socio-economic challenges that had hindered the continent’s economic performance for decades. From an economic perspective, to be truly transformative, these opportunities will have to be translated into employment creation, improved productivity and industrialisation, and governments will increasingly be put under pressure to deliver on concrete results.

Balancing Water And Energy Needs

By Bernhard Schell | IDN-InDepth NewsAnalysis

ABU DHABI (IDN) – Water is critical for producing power and the treatment and transport of water requires energy, mainly in the form of electricity. Even though the interdependency between water and energy is gaining wider recognition worldwide, water and energy planning often remain distinct. The tradeoffs involved in balancing one need against the other in this “energy-water nexus,” as it is called, are often not clearly identified or taken into account, complicating possible solutions, says Diego Rodriguez, a senior World Bank expert.

In 2013 alone, water shortages shut down thermal power plants in India, decreased energy production in power plants in the United States and threatened hydropower generation in many countries, including Sri Lanka, China and Brazil.

WRI Gently Criticises EU’s 2030 Climate Goals

By Jaya Ramachandran | IDN-InDepth NewsAnalysis

BERLIN (IDN) – The World Resources Institute (WRI) has greeted the European Commission’s announcement of a climate and energy package, which the 28-nation European Union (EU) heads of state would consider at their meeting on March 20-21. But the Institute points out that “the proposal does not yet ensure a clear pathway to a low carbon economy”.

When Oil Wealth Fuels Arab Conflicts

By Pir-Mohammad Mollazehi* | IDN-InDepth NewsAnalysis

TEHRAN (IDN) – In what way is the oil wealth of the Arab countries being spent? Is that wealth being used to promote sustainable social, cultural, political and economic development in Arab countries and, thus, plays a positive role in the life and livelihood of the Arab masses? Or is it being used in the opposite direction and is actually destroying the entire infrastructure in the Arab world, and instead of being a silver bullet for the maladies of the Arab countries, is only a scourge?

It is not easy to pass a simple judgment on this issue and many positive or negative arguments can be offered here. However, if the current conditions in the Arab world are examined more closely, especially after the political developments that have come to be known as the Arab Spring, one can, at least, claim that more than being a cure to their intractable ailments, the Arab oil wealth has been a scourge in disguise.

A ‘New Deal’ Dream For Development Cooperation

By Richard Johnson | IDN-InDepth NewsAnalysis

GENEVA (IDN) – “What does it mean to live on US$1.25 a day?” asks GCAP’s Michael Switow, and points to photographer Stefen Chow and economist Lin Hui-Yi’s interesting approach to answering this question. In their photo essay they shows how much food an individual at the poverty line can buy. In Brazil, for example, where the poverty line is US$1.23/day, someone could buy one pineapple. In Switzerland, the poverty line is much higher at more than US$10 per day, but this still only buys two sausages or one bunch of romaine lettuce.

Egypt’s New Constitution No Cause For Unsullied Joy

By Hiba Zayadin* | IDN-InDepth NewsAnalysis

CAIRO (IDN) – The first step in General Abdel Fattah El-Sisi’s roadmap to “democracy” has been implemented. A new charter has replaced the 2012 constitution drafted during former President Mohamed Morsi’s short-lived presidency giving Sisi the legitimacy he seeks to strengthen the army’s grip on Egypt’s political system. Over 98% of participants voted in favour of approving the new constitution. According to officials, the voter turnout was 38.6% of the Egyptian population – higher than the 33% who voted on the constitution presented during Morsi’s tenure.

There was little doubt the new military-backed constitution would pass. On the first day of the voting process, polling stations featured women ululating in celebration, Egyptian flags being waved, and soldiers carrying flowers handed to them by people displaying their support for the army.

Implications Of Scottish Independence For Development Cooperation

By James Mackie* | IDN-InDepth NewsAnalysis

BRUSSELS (IDN) – While the debate on Scottish independence is heating up prior to the referendum in September 2014, it is important to consider what implications an independent Scotland would have for UK and European development aid. While the UK aid would undoubtedly be affected, this new donor country would need to make an effort to minimize the effect on further aid fragmentation.

Scottish independence would lead to more fragmentation of European development cooperation and a major reduction in Department for International Development (DFID) programmes as a result of an estimated GBP 1 billion cut in its budget, yet neither of these two outcomes are really dealt with in two recent reports on what a Yes vote in the 2014 Scottish referendum would mean for development cooperation.

World Economy Growth Remains Interdependent

By J C Suresh | IDN-InDepth NewsAnalysis

TORONTO (IDN) – A new report has underlined the interdependence of the world economy, which is expected to strengthen in 2014 with growth picking up in developing countries and high-income economies appearing to be finally turning the corner five years after the global financial crisis.

According to the World Bank’s Global Economic Prospects (GEP) report, the firming of growth in developing countries is being boosted by an acceleration in high-income countries and continued strong growth in China. However, growth prospects remain vulnerable to headwinds from rising global interest rates and potential volatility in capital flows, as the United States Federal Reserve Bank begins withdrawing its massive monetary stimulus.

Global Accord Necessary For Future Development

By Antonia Sohns* | IDN-InDepth NewsAnalysis

WASHINGTON (IDN) – In October, Christiana Figueres, the head of the United Nations body tasked with producing a global climate treaty gave an impassioned speech during which she stated that future generations are being condemned by the lack of a global agreement. Political action is required to rectify the existing prejudice of development in favor of current generations, with disregard for the future. Intergenerational justice may be improved and sustainable development enhanced, by investing in youth and in using financial incentives to deter unsustainable practices.

A recent study on Intergenerational Justice in Aging Societies by the Bertelsmann Foundation’s Sustainable Governance Indicators (SGI) project examines the ecological footprint of 29 OECD countries.

Austerity Generates Gigantic Costs

By Jutta Wolf | IDN-InDepth NewsAnalysis

BERLIN (IDN) – Austerity policies in several countries around the world are denying work to millions of people and leaving vast production opportunities unused, says a new study by the German-based World Future Council (WFC), which places the value of lost production at 2.3 trillion U.S. dollars annually. This corresponds to Britain’s gross domestic product. Losses in the 18-nation Eurozone triggered by public austerity alone are estimated at a minimum of 580 billion Euros each year.

Begin typing your search term above and press enter to search. Press ESC to cancel.

Back To Top