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looking beyond borders

foreign policy and global economy

Archive for the tag “developing countries”

The Developing World’s Water crisis has Arrived

Developing economies across Asia, Africa and South America, known as the Global South, are steadily running out of drinking water and accessing what is available is blowing a major hole in household budgets, a study across 15 cities has revealed. The study says the water crisis is severely “underestimated” and privatising water supplies in some places has exacerbated the problem.

Read Here – Asia Times

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Why the Developing World Started Gaining On The West

During the past three decades, there has been a momentous change in the global economy. One of the most troubling and puzzling features — the failure of poor countries to catch up to developed countries — has seemingly been overturned.

Read Here – Bloomberg View

The Water Crises Aren’t Coming—They’re Here

Photo courtesy: Asian Development Bank

For eons, the earth has had the same amount of water—no more, no less. What the ancient Romans used for crops and Nefertiti drank? It’s the same stuff we bathe with. Yet with more than seven billion people on the planet, experts now worry we’re running out of usable water. The symptoms are here: multiyear droughts, large-scale crop failures, a major city—Cape Town—on the verge of going dry, increasing outbreaks of violence, fears of full-scale water wars. The big question: How do we keep the H20 flowing?

Read Here – Esquire

Emerging Asia Risks Never Growing Rich

This should be a moment of grand optimism for Asia. The world economy is enjoying its fastest expansion in a decade. Forecasts show growth in developing nations accelerating especially quickly. Yet even putting this week’s global stock market wobble to one side, such bullish projections do not tell the whole story.

Read Here – Nikkei Asian Review

Time For India To Stretch Its Wings

The World Bank’s International Development Association programme supports equitable growth in poor countries by providing low-interest, long-term loans and grants to national governments. The program supports 77 of the poorest countries in the world – half of which are in Africa. It also provides assistance to one country that no longer deserves it: India.

Read Here – Project Syndicate

195 Nations Set Path To Keep Temperature Rise Well Below 2 Degrees Celsius

Photo Courtesy - World Bank

Photo Courtesy – World Bank

An historic agreement to combat climate change and unleash actions and investment towards a low carbon, resilient and sustainable future was agreed by 195 nations in Paris today. The Paris Agreement for the first time brings all nations into a common cause based on their historic, current and future responsibilities.

Read Here – UNFCCC

The Still Unresolved Questions Of the Paris Climate Agreement

The climate worsens slowly, and it will be solved slowly. Its works in time scales years and decades-long, not days or hours. Yet every so often there is an exceptional moment, and we are in one right now. This may be the single most important week for the climate this decade.

Read Here – The Atlantic

India Rising, China Slowing Doesn’t Mean Modi Wins

Statistics bear out China’s global dominance. Since Deng abandoned doctrinaire communism in 1978, growth has surged an average of 9.8 percent annually. Since 2001, China has overtaken Italy, the U.K., France, Germany, and Japan to become the world’s second-biggest economy. Its $10 trillion GDP dwarfs India’s $2 trillion. Not only has China built the world’s biggest stockpile of foreign reserves, at $3.7 trillion; the country also accounts for one-third of the global total and boasts 10 times India’s amount. Even O’Neill acknowledges the imbalance: “If India grows by 8 percent for the rest of this decade and China grows by 7 percent, China will still create another three Indias before the decade is over.”

Read Here – Bloomberg

Climate Deal To Go Up In Smoke

In December, 196 countries signed an agreement in Lima, Peru, promising to pledge what they can to cut greenhouse gas pollution… To keep these countries on track, the climate change conference agreed that as many nations as possible would submit their proposals before March 31. Most of the world is about to blow past the deadline.

Read Here – The New Republic

Global Economy Three Engines Down

The global economy is like a jetliner that needs all of its engines operational to take off and steer clear of clouds and storms. Unfortunately, only one of its four engines is functioning properly: the Anglosphere (the United States and its close cousin, the United Kingdom).

Read Here – Project Syndicate

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