The world produces enough food to feed everyone. But every day more than 800 million people go to bed hungry. This is a scandal and climate change is set to make things even worse.
Topic:
Agriculture, Climate Change, Energy Policy, Environment, and Industrial Policy
In 1753 John Wesley, the founder of Methodism said, "So wickedly, devilishly false is that common objection, 'They are poor, only because they are idle'". Yet today many churchgoers and members of the general public alike have come to believe that the key factors driving poverty in the UK are the personal failings of the poor – especially 'idleness'. How did this come about?
Topic:
Security, Economics, Poverty, Social Stratification, and Sociology
Europe has often seen itself as a place where the social contract balances growth with development. A place where public services aim to ensure everyone has access to a high-quality education and no one need live in fear of falling ill. A place w here the rights of workers, and particularly of women, are respected and supported, and w here societies care for the weakest and the poorest; where the market has been harnessed to benefit society, rather than the other way round.
In 2009, EU governments committed to sourcing 10 per cent of transport energy from renewable sources by 2020: they are set to meet this target almost exclusively using biofuels made from food crops. By putting a mandate in place, European governments are propping up powerful industry and farming lobbies without spending a penny from national budgets: as direct subsidies and tax exemptions are phased out, the cost is increasingly borne by the consumer. For example, by 2020 biofuel mandates are likely to cost UK consumers between £1bn and £2bn more each year—that's about £35 from every adult—and to cost German consumers between €1.37bn and €2.15bn more—up to €30 per adult. EU governments have replaced subsidies paid out of the public purse with a subsidy that consumers, often without their knowledge, pay directly to big business.
Topic:
Security, Agriculture, Development, Energy Policy, and Food
The German economy is clearly slowing in the face of the latest phase of the Eurozone crisis. We expect the impact of the crisis on business investment and exports to cause the economy to contract in Q2 before recovering slowly in H2. As a result, GDP growth is now forecast to slow to 0.7% in 2012 overall from 3.1% last year, before accelerating to 1.4% in 2013.
Topic:
Economics, Industrial Policy, Markets, and Financial Crisis
The first anniversary of the European External Action Service (EEAS) finds the European Union (EU) in the midst of an economic, financial, and identity crisis that has aggravated the ongoing decline in Europe's stature on the global scene as new political and economic actors emerge. The new diplomatic service provides the EU with an opportunity to address its shortcomings in foreign policy by bringing greater coherence to external policy making; by enhancing consistency across EU instruments; and by adopting a more comprehensive and strategic approach to global challenges.
Topic:
Foreign Policy, Diplomacy, Economics, and International Trade and Finance
Richard Jolly, Frances Stewart, Giovanni Andrea Cornia, Stephany Griffith-Jones, Rolph van der Hoeven, Diane Elson, Carlos Fortin, Gerry Helleiner, Raphie Kaplinsky, Richard Morgan, Isabel Ortiz, and Ruth Pearson
Publication Date:
05-2012
Content Type:
Book
Institution:
Oxfam Publishing
Abstract:
Pushed to extremes, austerity is bad economics, bad arithmetic, and ignores the lessons of history. We, an international group of economists and social scientists, are outraged at the narrow range of austerity policies which are bringing so many people around the world to their knees, especially in Europe. Austerity and cutbacks are reducing growth and worsening poverty. In our professional opinions, there are alternatives – for Britain, Europe and all countries that currently imagine that government cutbacks are the only way out of debt. The low-growth, no-growth trap means that the share of debt in GNP falls ever more slowly, if at all. It may even rise – as it has in some countries.
Topic:
Debt, Development, Economics, Foreign Aid, and Financial Crisis
A robust global Arms Trade Treaty (ATT) is desperately needed to stop the irresponsible transfer of arms that fuels: Atrocities – like those in Syria, where more than 8,000 people, mostly civilians, have been killed since the crackdown on protests began in early 2011;Armed violence and conflicts – which is estimated to cost Africa alone $18bn a year; Corruption in the. defence industry – which costs $20bn a year, and which undermines the competitiveness of UK exporters.
Topic:
Conflict Prevention, Defense Policy, Arms Control and Proliferation, International Trade and Finance, Non-Governmental Organization, and Weapons of Mass Destruction
Why, in a world that produces more than enough food to feed everybody, do so many – one in seven – go hungry? Oxfam's new global campaign, GROW, seeks answers to this question. GROW aims to transform the way we grow, share, and live together. GROW will expose the failing governments and powerful business interests that are propping up a broken food system and sleepwalking the world into an unprecedented and avoidable reversal in human development.
Food prices are a matter of life and death to many in the developing world. Financial markets that should be helping food growers and processors to manage their risk and set prices have become a potential threat to global food security. Deregulated and secretive agricultural commodity derivatives markets have attracted huge sums of speculative money, and there is growing evidence that they deliver distorted and unpredictable food prices. Financial speculation can play an important role to help food producers and end users manage risks, but in light of the harm that excessive speculation may cause to millions, action is required now to address the problem. This briefing explains what has gone wrong with financial markets and what could be done to fix them.
Topic:
Security, Agriculture, International Trade and Finance, Markets, and Food