The financial crisis has heavily affected emerging economies around the globe, putting Millennium Development Goals under threat through worsening poverty and unemployment rates. It is vital that sustainable economic development is supported worldwide, with proper financial regulation put in place by developed nations to prevent harmful food speculation and tax evasion activities.
- Many tax havens are in fact UK Crown Dependencies or Overseas Territories, and so under UK jurisdiction.
- During the 1990s, for every $100 of growth in the world's income, only $0.60 'trickled down' to the world's poorest people.
- The wealthiest 15% of the world's nations control 60% of the votes in the IMF.
Video // December 20, 2012
To what extent does the private sector really facilitate lasting global development? More
Publication // August 13, 2012
Climate change impacts are expected to significantly erode part of societies’ economic, social and environmental capitals. Possessing the resources to adapt and develop resilient, sustainable livelihoods exist in developed economies but much less so in developing economies. In an environment of competing financial demands and a drive to ensure that every pound invested is maximised, the critical question is whether investing in adaptation to climate change projects is economically efficient i.e. More
Publication // March 16, 2011
The global debate over financial reform is still ongoing. In the European Union (EU), some reforms have now been implemented, but these frequently are only half-measures and, thus, do not offer adequate protection against future turbulence. However, EU financial reforms must facilitate progress towards global sustainable economic development. Furthermore, reforms will not only affect the EU; they will also strongly impact on developing countries. Consequently, the EU should prioritise the following goals:More