December 2013

The age of sustainable development

Business Day, 31 December, 2013
Sustainable development is both a way of understanding the world and a way to help save it. As a method of understanding the world, sustainable-development practitioners study the interactions of the economy, the environment, politics, and culture and how they influence prosperity, social inclusion, and environmental sustainability.

Re-empowering the global economy

Live Mint, 30 December, 2013
The International Monetary Fund’s (IMF’s) latest forecast puts global gross domestic product growth at 3.6% in 2014, which is decent, but still below potential growth of around 4%. In other words, the world could still generate considerably more jobs without fuelling inflationary pressure.

The shifting world economy

Economia, 30 December, 2013
As 2013 comes to a close, efforts to revive growth in the world’s most influential economies – with the exception of the eurozone – are having a beneficial effect worldwide. All of the looming problems for the global economy are political in character.

Chinese and Global Economy Will Continue To Strengthen In 2014

China Money Network, 17 December, 2013
At the final weeks of 2013, we provide our forecast of a better 2014, with world economic growth picking up and inflation staying benign. We expect global growth to increase to 3.5% in 2014 from 2.7% in 2013, helped by improvements in the U.S. and Europe. A pick-up in growth in the West is good news for the rest of the world, and we expect emerging economies’ growth to outpace G7 growth by 3.8 percentage points.

World business expansion uneven, euro zone ends year on a high

Reuters, 16 December, 2013
Global manufacturing and business activity expanded in December, as euro zone businesses ended the year on a high thanks to a surge in new orders, though the rate of manufacturing growth slowed in the United States and China. U.S. manufacturing activity growth dipped a bit in December from a 10-month high, according to Markit, though other U.S. figures released Monday, including data on industrial production, pointed to increased strength in the world’s largest economy.

Bali Agreement to Boost Global Growth, Cut Down on Poverty

The Guardian, 15 December, 2013
The Bali agreement, which was signed by 160 members of the World Trade Organization, has been seen as a major achievement, especially for developing countries. The Bali package was a selection of issues from the Doha round negotiations that included policies for developing countries, trading facilities and policies on trade in agricultural products. The Bali agreement, which has taken a different step in allowing developing countries to provide subsidized food to its poor citizens in a bid to promote food security, would have been frowned upon under the WTO Pact of 1994.

Age of Austerity Nearing End May Boost Global Economy

Bloomberg, 05 December 2013
The age of austerity may be nearing an end as governments ease the fiscal cuts that restrained economic recoveries. After three years of slashing budgets bloated by recession and the stimulus deployed to fight it, U.S. and euro-area officials are finding less need to retrench as their previous efforts and improving economic growth help narrow deficits.

To end poverty we also need to ensure equality and sustainability

The Guardian, 05 December 2013
There seems to be strong political will to do what is needed to end poverty once and for all. But what, concretely, do we need to do? Many things, if we’re going to do it right. It is clearly not only a question of growth, although growth, of course, is essential. Through strong – and targeted – growth, China has been able to bring 600 million people out of poverty.

World Economy Slowly Gains Traction

Fox Business, 04 December, 2013
Global growth was modest and a tepid expansion in the euro zone masked a growing disparity among its key members last month, data showed on Wednesday. A buoyant Germany was not enough to stop the 17-nation euro zone’s private sector losing momentum in November, dragged backwards by a downturn in France – the bloc’s second biggest economy – and a continued recession in Italy.