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The current financial crisis has tended to sap the momentum of industrialized countries’ policy steps to address climate change. Given the threat of runaway global warming, adopting a “minimax-regret” strategy is the best policy response: aim to stabilize GHG levels close to present levels. This requires accelerating R&D expenditures targeting technologies that radically reduce marginal costs of GHG emissions control. Making severe emissions cuts less burdensome would reinforce efforts to achieve that goal by “cap-and-trade” programmes and carbon taxes. The global community should commit itself to making major, coordinated investments in a diversified portfolio of climate change R&D, and to providing global access to the emerging technologies.
By Monika Kruesmann and Martina Timmermann
Every minute, at least one woman dies from pregnancy and childbirth complications; a further 20 suffer injury, infection or disease. Despite medical advances, and years of policy declarations, this tragic situation remains particularly severe in developing countries, violating a fundamental human right. Is a new approach possible, one that looks beyond common project paradigms and standards? What could such an approach look like, how might it operate, and what might be its effect? The Women’s Health Initiative, an innovative public private partnership that drew reference from the UN Global Compact, provides a possible model.
By Augustin Kwasi Fosu and Wim Naudé
Africa is the developing region most at risk from the global economic crisis. Its recent strong growth has been interrupted. Already home to the largest number of low-income countries in the world, the region is now likely to experience higher unemployment and poverty; increases in infant mortality; and difficulty coping with longer-lasting effects such as higher school drop-out rates, reductions in health care, environmental degradation and a rise in conflict. Africa therefore needs to recover as quickly as possible. In this policy brief we draw on a number of recent UNU-WIDER studies to discuss the policy options for recovery.
By Wim Naudé
One year into the global economic crisis, it has become clear that the paradigm for international development has changed irrevocably. With leadership, moral authority and the capacity of the West in international development diminishing, developing countries’ recovery and future growth will critically hinge on their own initiatives, solutions and leadership. This policy brief summarizes the global responses to the crisis over the past year, points to their shortcomings and argues that a new paradigm for recovery in developing countries is emerging.
By Suma Athreye and Sandeep Kapur
The rapid rise in the overseas investments of Indian and Chinese firms has attracted widespread attention in recent years. To a large extent, the growing internationalization of these emerging economies has been driven by a search for resources, technology and related assets. What are the implications of this for foreign direct investment policy in both the source and the recipient countries? Furthermore, how will the ongoing global financial crisis affect the continued expansion of multinationals from the two countries, which have relied on international markets to fund their investments?
Page last modified 2011.06.07.