Syndicate content

davos

Weekly Wire: The Global Forum

Roxanne Bauer's picture

These are some of the views and reports relevant to our readers that caught our attention this week.

#Davosproblems: The financial crisis isn‘t over, and the inequality crisis is just beginning
Quartz
The World Economic Forum’s annual meeting has kicked off in Davos, Switzerland under the banner of “The New Global Context.” Falling in the long shadow of the financial crisis, the WEF’s theme reflects as much hope as a creeping sense that economic turmoil is the new normal. Some seven years into the current crisis, the participants at Davos are acutely aware that the world economy still hasn’t recovered its past momentum.

The Power of Market Creation, How Innovation Can Spur Development
Foreign Affairs
Most explanations of economic growth focus on conditions or incentives at the global or national level. They correlate prosperity with factors such as geography, demography, natural resources, political development, national culture, or official policy choices. Other explanations operate at the industry level, trying to explain why some sectors prosper more than others. At the end of the day, however, it is not societies, governments, or industries that create jobs but companies and their leaders. It is entrepreneurs and businesses that choose to spend or not, invest or not, hire or not.

Davos: New Briefing on Global Wealth, Inequality and an Update of that 85 Richest = 3.5 Billion Poorest Killer Fact

Duncan Green's picture

This is Davos week, and over on the Oxfam Research team’s excellent new Mind the Gap blog, Deborah Hardoon has an update on the mind-boggling maths of global inequality. 

 
 



Wealth data from Credit Suisse, finds that the 99% have been getting less and less of the economic pie over the past few years as the 1% get more. By next year, if the 2010-2014 trend for the growing concentration of global wealth is to continue, the richest 1% of people in the world will have more wealth than the rest of the world put together.


Measurements of wealth capture financial assets (including money in the bank) as well as non financial assets such as property. It is not just inefficient to concentrate more and more wealth in the hands of a few, but also unjust. Just think of all the empty properties bought by wealthy people as investments rather than providing housing for those in need of a home. Think of the billionaire chugging out carbon emissions flying around in a private jet, whilst the poorest countries suffer most from the impacts of climate change and the poorest individuals living want for a decent bicycle to get to school or work.
 

Weekly Wire: the Global Forum

Kalliope Kokolis's picture

These are some of the views and reports relevant to our readers that caught our attention this week.

Global Voices Advocacy
Netizen Report: Raise Your Voice Edition

“Internet activists in India are fuming over the country’s sweeping new Internet restrictions on objectionable content, and are beginning to take extreme action to combat the law. This week we recognize Aseem Trivedi and Alok Dixit from Save Your Voice, who have begun a hunger strike in protest of the ‘Information Technology (Intermediaries Guidelines) Rules 2011’ which were quietly issued by the Ministry of Communications and Information Technology in April 2011.

One of the flaws of the new rules is that they mandate that website or domain owners must take down material within 36 hours when a third party issues a complaint, without giving a chance for content owners to defend the material. The Bangalore-based advocacy group Centre for Internet & Society also pointed out that the rule leads to a general chilling effect on freedom of expression over the Internet.”  READ MORE

Weekly Wire: the Global Forum

Kalliope Kokolis's picture

These are some of the views and reports relevant to our readers that caught our attention this week.

By The People (America.gov)
Civil Society and Social Media

“The term “civil society” can seem almost as amorphous as the term “social media.”  Yet the two are becoming ever more powerfully linked to the promotion of democracy and human rights in the modern world.

Civil society can encompass any collection of nongovernmental activists, organizations, congregations, writers and/or reporters.  They bring a broad range of opinions to the marketplace of ideas and are considered critical to a vibrant, well-functioning democracy.  Secretary of State Hillary Rodham Clinton has described a free civil society as the third critical element to democracy – the other two being a representative government and a well-functioning market.”