Economic justice

Oxfam Berates World Bank, IMF

Oxfam International has criticised the World Bank and the International Monetary Fund (IMF) for celebrating three percent increase in the voting power for poor countries.

Oxfam's advocacy director, Bernice Romero, says the institutions are still far from being accountable to the people hit hardest by the global financial crisis.

Romero says that the G20 have mandated the IMF and the World Bank to tackle the economic crisis globally and for this response to be effective, adding that their decisions need to involve more than a handful of rich countries.

IMF Raises Global Growth Forecasts

The International Monetary Fund (IMF) has raised growth forecasts for most economies as the global economy pulls out of a steep nosedive, but warned recovery faces stiff headwinds.

The IMF projects that the global economy would shrink 1,1 percent this year and rebound to annualised growth of 3.1 percent in 2010, better than July forecasts of a 1.4 percent contraction in 2009 and 2.5 percent growth in 2010.

Clothing Workers Strike Continues

Over 50000 clothing workers downed tools Monday after wage negotiations between the South African Clothing and Textile Workers Union (Sactwu) and Appelo Manufactures of Southern Africa deadlocked.

Sactwu general secretary André Kriel said the strike had been suspended a week ago after the intervention of the Commission for Conciliation, Mediation and Arbitration (CCMA) .

“Section 150 of the Labour Relations Act allows the CCMA to intervene if it feels the resolution of the dispute would be in the public interest,” Kriel said.

The New Development Economics

The purpose of this book is to re-examine major issues in contemporary development economics. Much is currently being made of the World Bank‘s apparent retreat from the neoliberal market economics of the Washington Consensus. New concepts and priorities like social capital and governance have been taken on board alongside the continuing pressures on developing countries for deregulation, privatisation, free trade and so on. But how much has really changed?

Reclaiming Development

There is no alternative - to neo-liberal economics, Americanisation and globalisation - remains the driving assumption within the international development policy establishment. Ha-Joon Chang and Ilene Grabel explain the main assertions of this dominant school. They combine data, a devastating economic logic, and an analysis of the historical experiences of leading Western and East Asian economies, to question the validity of the neo-liberal development model.

Towards Full and Decent Employment

While the international community has made a commitment to achieving full employment and decent work for all, this goal seems ever more distant in view of recent trends such as the growing unemployment and underemployment, the phenomenon of 'jobless growth', the growing 'casualisation' of employment relations, the promotion of labour flexibility at the expense of welfare security, de-industrialisation and the continued decline of peasant agriculture.

The Social Economy

'The Social Economy' is emerging as a topic of considerable research and policy interest, both on its own terms and as a symptom of a changing economy and society. From creches to environmental services, consumer cooperatives to social housing, governments in many countries have begun to introduce legislation to support social enterprises. This book gathers together on the social economy from around the world.

EU Officials to Visit Zimbabwe

A top European Union (EU) team will travel to Zimbabwe to work on normalising ties, the first such visit since the EU sanctioned Zimbabwe's hard-line leaders in 2002.

Swedish International Development Cooperation Minister, Gunilla Carlsson, and EU Aid Commissioner, Karel de Gucht, will travel there after an EU-South Africa summit.

Carlsson and de Gucht will be meeting President Robert Mugabe, Prime Minister, Morgan Tsvangirai, other ministers, officials and representative of NGOs during their visit.

Jansen Appointed to Help Mangosuthu University

Education Minister Naledi Pandor has appointed University of the Witwatersrand extraordinary professor of education, Jonathan Jansen, as the new administrator for the beleaguered Mangosuthu University of Technology.

Jansen has six months to help the university back onto its feet after what appears to be more than five years of tyrannical rule by suspended vice-chancellor, Aaron Ndlovu.


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