CNN) — Industrialized countries have been enabling corruption in Africa by providing crooked officials with a haven for their money, according to Nobel economics laureate Joseph Stiglitz. The former World Bank chief economist, one of the few economists to foresee the global financial crisis, was among the speakers at this year’s Global Poverty Summit, held… Continue reading West ‘Facilitates Corruption in Africa’ Says Top Economist
Tag: g-20
Africa’s youth can do great things, says UN Chief
Africa’s young population can drive the continent’s future development, Secretary-General Ban Ki-Moon told an international symposium taking place in Benin. More than 60 per cent of Africa’s 1 billion people are under the age of 25 years, he noted in a message to the meeting in Cotonou. “While it will be a tremendous undertaking to… Continue reading Africa’s youth can do great things, says UN Chief
Africa can reach development targets if given a push-Migiro
Africa, with its immense human and material wealth, can achieve the globally agreed development targets world leaders have pledged to achieve by 2015, Deputy Secretary-General Asha-Rose Migiro told United Nations agencies working on the continent, while also stressing the need for strong support from the international community. “The continent’s people need neither pity nor charity,… Continue reading Africa can reach development targets if given a push-Migiro
G20 Leaders Must Renew Their Commitment to Global Development
By Kofi Annan Ahead of today’s G20 Summit in South Korea, two issues stand out for those of us who take an interest in international development. First, the concepts of fairness, balance, and the common good have experienced a welcome renaissance as world leaders have had to remind each other of these universal principles to… Continue reading G20 Leaders Must Renew Their Commitment to Global Development
Will the G20 Deliver for the World’s Poor?
South Korea has gone from having a GDP per capita lower than much of sub-Saharan Africa to being one of the world’s largest economies by not following the “guidance” of the international financial institutions. What should African countries learn from that?