Published on Thu, 2016-08-25 13:26
India is one of the world’s emerging economies, with impressive economic growth. While this growth has increased the income of a very small section of the population, India has the largest number of poor people in the world. The country has the world’s third largest number of billionaires and still millions of children are out of school; many millions of children do not live to the age of five; many millions of mothers die in childbirth. Despite economic growth, the country faces challenges of social and economic inequalities, urban-centred economic growth and shrinking civic spaces. While economic growth indeed made a difference to the large middle class, it is yet to ‘trickle down’ to rural poor, farmers and a vast number of poor and marginalized people, including Dalits (Scheduled Castes) and Adivasis (Scheduled Tribes), which make up 25 percent of the population. The environment is under increasing stress and there is a vibrant discussion about the consequences of mining and other disruptive activities on forests and environment and the implications for climate change. On the one hand, economic growth provides resources for greater investment in achieving the Sustainable Development Goals (SDGs), and on the other, the urban-centric growth model, and increasing instances of crony capitalism also result in rising inequality and shrinking democracy and civic spaces and pose a challenge to effectively realize the 2030 Agenda and its SDGs. |
Published on Wed, 2016-08-24 14:37
Bulgaria has come a long way from its turbulent political and economic transition in the 1990s to becoming a member of the European Union (EU) in January 2007. Today, it is an upper middle-income economy of 7.2 million people with a per capita income of USD7,420. (GNI per capita, 2014). However, since 2008, economic growth has been sluggish and income gains of the bottom 40 percent of the population have been weak. Supported by prudent macro-fiscal management, Bulgaria showed resilience during the global economic crisis with reduced imbalances and a sound public debt level (27.6% of GDP in 2014). Yet, convergence has slowed and Bulgaria’s income per capita are just 45 percent of the EU average in 2013. Eurostat data show that in 2014, Bulgaria holds second place in the at-risk-of-poverty-or-social-exclusion scale: Romania (40.2 %), Bulgaria (40.1 %) and Greece (36.0 %). The crisis and the measures taken to freeze income exacerbated social inequality and the chances of nearly half of the population to get out of the trap of poverty and social exclusion. Given this situation, what must be done to implement the 2030 Agenda? |
Published on Mon, 2016-08-22 23:39
Are a country’s obligations under international human rights law relevant in interpreting its potential liability under investment treaties? Does a company’s responsibility to respect human rights come into play when assessing which of its expectations should be protected in an investment dispute? When important public interest implications of investment treaty interpretations are at stake in the resolution of a company’s treaty-based claims against a government, can amicus curiae –“friend of the court” –briefs help fill in gaps in the parties’ own submissions? These and similar questions are increasingly being asked as international lawyers grapple with the implications of investment treaty disputes for public policymaking and the fulfillment of human rights, as well as with the continued fragmentation of international law. These questions are particularly important in the context of specific investment disputes that stand to affect the rights of third parties. |
Published on Mon, 2016-08-22 17:27
Spain is in a period of uncertainty about its future government and its institutions, political parties and citizens have not yet decided on a sustainable development strategy. To adapt and implement the Sustainable Development Goals (SDGs), Spain would need to renew its commitment to freedoms, rights and equality. The country has the capacity to transition towards renewable energy, but it needs to change social and economic policies to cope with dramatic unemployment. There is room to expand fiscal policy given its low tax revenue in relation to neighbouring countries, and domestic rates of poverty and inequality require prioritizing specific policies in order to reduce them. |
Published on Mon, 2016-08-22 17:23
Canada's newly-elected federal Liberal government has committed to working towards achieving the goals set out in the 2030 Agenda “both at home and abroad.” However, the Government inherits a country that has been profoundly shaped by the conservative economic and social policies of the past decade. The new government will have to overcome the challenges posed by a much-diminished federal government, social and income inequality, and an economy based on growing wealth rather than wages in order to deliver on its commitment to achieving the Sustainable Development Goals. In sharp contrast to the previous federal Conservative government, the current government has committed itself to resumed deficit spending. However, even with the increases seen in their first budget, federal programme spending remains at a historic low. Today, federal programme spending as a share of the economy stands at 13 percent of GDP, its lowest point in the past 60 years. |
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