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TPP & TTIP: More Questions Than Answers

Miles McKenna's picture

Incense stick production in Hue, Vietnam. The country could be one of the biggest winners of a potential Trans-Pacific Partnership trade agreement. Source - Austronesian Expeditions.If you follow trade negotiations, then you know there are few more contentious than those for the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP).
 
On February 4, the World Bank’s International Trade Unit hosted Phil Levy, a senior fellow on the global economy at the Chicago Council on Global Affairs, who has been following both negotiations closely. Levy spoke with World Bank staff about the potential implications for developing countries as negotiations move forward in what he calls “bargaining among behemoths.”
 
At this point in the negotiations, one thing is clear: there are still more questions than answers.

Safe Food for Thought for the Holiday Season

Juergen Voegele's picture

Cleaning food in Moldova. Michael Jones/World BankIn the lead up to the holidays, much will be written about how we, as consumers, can safely prepare food to ensure that friends and family remember a wonderful holiday meal and not the bout of food poisoning that landed a loved one in the emergency room.

But it often strikes me that other major threats to food safety – those that lie undetected in farms and factories and other vulnerable points along the food supply chain – are not part of the conversation until tainted food surfaces in grocery stores and on dinner plates, making millions sick and even killing people along the way.

As global headlines have illustrated – packaged salads in the United States, sprouts in Germany, milk and infant formula in China – food safety is a serious issue that affects all of us: individuals, nations, and businesses.  No country is immune, and as global agri-food value chains become more integrated, food safety hazards that were once geographically confined can now span countries and continents with ease.

One Bloc Moving Climate Progress Forward at Warsaw

Rachel Kyte's picture

 CCAC

In the climate negotiations under the United Nations framework, we are used to seeing geographical blocs and other blocs at loggerheads. The tension draws attention, but it isn’t the only story of blocs at the climate conference.

In Warsaw Thursday, members of the Climate and Clean Air Coalition – 75 countries and international organizations working together – met and talked about their progress so far and work for the future to slow climate change.

What do these countries – among them, Nigeria, Sweden, the United States, Ghana, Mexico, the United Kingdom, Chile, Morocco, and Canada – have in common?

Answer: The firm belief that we can work together and substantially reduce black carbon, methane, and other short-lived climate pollutants.

Inside the G8: Why the Meeting Was Critical in the Effort to End Poverty

Jim Yong Kim's picture

LONDON -- I'm just back from the G8 meeting in Northern Ireland, and under the leadership of Prime Minister David Cameron, we focused on some critical but often overlooked elements on how the world can end extreme poverty in a generation: taxes, trade, and transparency. Watch the video to see why I feel so strongly about this.


 

Protecting the vulnerable during crisis and disaster: Part II Ethiopia’s Productive Safety Net Program

Matt Hobson's picture

The following post is a part of a series that discusses 'managing risk for development,' the theme of the World Bank’s upcoming World Development Report 2014.

Despite more than 19 episodes of severe food shortage in Ethiopia since 1895, it was the dramatic images of famines in 1972 and 1984 which came to the world’s attention and (wrongly) made Ethiopia synonymous with drought and famine. Despite consistent food shortages in Ethiopia for decades, it only became clear in the run-up to the 2002/3 drought that, while the humanitarian system appeared to be saving lives, it was proving to be ineffective in saving livelihoods and managing risks effectively. In essence, rural Ethiopians had faced chronic food insecurity for decades, but were receiving ‘treatment’ for transitory food insecurity. In part as a result of this misdiagnosis, rural Ethiopians were becoming increasingly less resilient to drought and were unable to manage risks effectively. This realization prompted the birth of the Productive Safety Net Programme (PSNP).

The Earth Hour City Challenge: How cities are leading the way towards a more sustainable future

Jim Leape's picture

Vancouver crowned Earth Hour Capital 2013On the eve of Earth Hour, taking place this Saturday 23 March, WWF this week announced the City of Vancouver in Canada as its Global Earth Hour City Challenge Capital 2013 at an award ceremony in Malmö, Sweden. The Earth Hour City Challenge is an initiative that takes Earth Hour beyond the symbolic gesture of switching off lights for one hour, encouraging concrete action on the ground to combat climate change.

The City Challenge is designed to identify and reward cities that are prepared to become leaders in the global transformation towards a climate-friendly, one planet economy. Working in collaboration with the leading association of cities and local governments dedicated to sustainable development, ICLEI – Local Governments for Sustainability, WWF worked across six countries (Canada, India, Italy, Norway, Sweden and USA), from which a total of 76 cities registered for the City Challenge.

Quinoa: The Little Cereal That Could

Jose Daniel Reyes's picture

In February, the United Nations named 2013 the Year of Quinoa and made the president of Bolivia and the first lady of Peru special ambassadors to the UN’s Food and Agriculture Organization (FAO). The World Bank joined in with a kick-off event and celebration of Bank-funded work that is helping Bolivian quinoa farmers bring their product to market. The focus on this nutritious “super-food,” which is grown mainly in the Andean highlands, is an effort to decrease hunger and malnutrition around the world.

Quinoa (pronounced KEEN-wa) has long had good-for-you credentials. In 1993, a NASA technical report named it a great food to take into space. (“While no single food can supply all the essential life sustaining nutrients, quinoa comes as close as any other in the plant or animal kingdom.”) The pseudo-grain –which is more closely related to beets and spinach than to wheat or corn – has been promoted in recipes distributed by the National Institutes of Health, the Mayo Clinic and the American Institute for Cancer Research. In fact, quinoa already has done quite well on the world stage. Global import demand has increased 18-fold in the last decade, mainly due to consumption in Europe, Canada, and the U.S.

Prospects Daily: Global equities decline after US budget talks stall and US consumer confidence falls

Global Macroeconomics Team's picture

The Prospects Daily will be on Winter recess and will resume on

Wednesday January 2nd, 2013.

Prospects Daily: US consumer confidence falls; inflation moderated in Chile, Peru and Mexico but rose slightly in Brazil

Global Macroeconomics Team's picture


Financial Markets…U.S. Treasuries slid for the first time in four days, with the benchmark note yields 3 basis points to 1.62%, as a government report showed U.S. employers added more than forecasted jobs in November. U.S government bonds have advanced 2.8% this year as of yesterday, after gaining 9.8% in 2011 and 5.9% in 2010.

Prospects Daily: Australia and Uganda cut policy rate, Brazil’s industrial production accelerates

Global Macroeconomics Team's picture

Financial Markets… The euro rose to a six-week high against the dollar, appreciating to $1.3077, and Europe’s benchmark stock index (Stoxx Europe 600) gained for a second day, as growing optimism over a successful Greek buyback program boosted investor sentiment. Greece started the €10 billion ($13 billion) repurchase of government bonds maturing between 2023 and 2042 on Monday.


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