Global economics

/10/janoberg.jpg”> Lund, Sweden, June 3, 2014 Fears has been expressed in Europe about the recent EU parliament voting pattern. Instead of the fear and denouncing the winners we should ask: What causes such an outcome? My short answer is this: Democracy itself is in deep crisis. It has become performance or ritual rather than something genuinely lived. Two things stand out – one, the increase in votes going to nationalist, populist, right-wing and anti-Muslim parties as well as Euro-skeptics – particularly in Denmark, France, Greece and Britain. Secondly, the voter turnout has fallen from 62 per cent in 1979 to 43% in 2009 and this year it increased only 0.09% in spite of the EU Commission’s attempt to increase it. So while people struggle around the world for democracy, only 43% of the EU citizens find it meaningful to go and vote every 4th year. How tragic for an EU...

/10/jonathanpower2.jpg”> Black Africa long went deeply down. Now it is rushing headlong up. But “up” brings problems of its own. A country’s policy makers have to work as hard in successful, speedy, times as they did when they moved painfully from the first rung of the ladder to the second and third. Take today’s news – according to the Financial Times, Kenya, one of the poster boys of the African revival, is now financially strong enough to make its debut on the sovereign bond market in a deal worth $2 billion. But it has become entangled in a decade-old corruption scandal that cost Kenya $770 million. The government has decided to take on the responsibility for paying off the $770 million in order to get the $2 billion (and future bond market loans). In Mozambique last week Christine Lagarde, the managing director of the International Monetary Fund, warned that the...

[ This post was previously published online at the website of the Global Transition Initiative, which is dedicated to promoting “Transformative Vision and Praxis.” It responds to an essay on global citizenship written by Professor Robert Paehlke, who cogently advocates the formation of a Global Citizens Movement, including indicating how it might become effective. What seems important about such dialogue is the recognition that given the realities of this historical period, it is increasingly necessary for political thought and action to proceed by reference to human interests as well as being responsive to national, local, ethnic, and religious interests and values. A feature of modernity that is being rightly questioned from many angles is the presumed radical autonomy of human interests, especially the modernist illusion that the co-evolutionary dependence on nature and the environment was being superseded by the marvels of technological innovation. One way back to the future is...

/10/jonathanpower2.jpg”> Oil provides 70 % of booming Nigeria’s government revenues and without that, since tax collection is so poor, Nigeria would be a country without much in the way of education, health facilities, infrastructure building and urban renewal. People talk suggestively about a corrupt elite creaming off oil money. Although true it is only the cream. The milk itself goes to the state, hence the government’s preoccupation with oil theft which is now on an enormous scale, organised by corrupt businessmen, officials and politicians. (Before that it was the insurgency in the Niger delta where youthful, well-armed, guerrillas sabotaged the pipelines for well over a decade until a peace agreement (a buy out) was negotiated by the underestimated president, Umar Yar A’dua, President Goodluck Jonathan’s predecessor who died on the job.) The proportion of the economy that oil makes up is now found to be much less than thought. Nigeria...

Business and Peace are not mutually exclusive. Business does play a crucial role in society. More so, business impacts and depends upon its surrounding. It impacts the social well-being of people and planet, whether intentionally or unintentionally, both locally and globally through the chosen ways of operation and production. Equally, does business play a key role in contributing to economic development, peace and stability in the areas where it operates. Business provides jobs and revenue to local markets; sets examples of sustainable business practices and can provide support for various social programs through strategic social investment. In short, business is an inherent aspect of our society, and therefore, if we are striving for a more peaceful and sustainable world, for-profit private enterprises are the most crucial actors in achieving this goal.

/10/jonathanpower2.jpg”> E.M. Forster, the English novelist, wrote in his “Passage to India” of India “swelling here, shrinking there, like some low, indestructible, form of life”. But the India of today is a totally different place from 1920. Economic growth was tiny in British times (even though a large network of railways and schools were built). Since independence in 1947 infant mortality has dropped to one fourth of what it used to be and longevity has more than doubled. Economic growth has increased since the 1960s from around 3% a year – the so-called “Hindu growth rate” – to a high of 10% – the peak achievement of the present Congress government of Prime Minister Manmohan Singh and party president, Sonia Gandhi. Why then is the opposition leader of the BJP, Narendra Modi, who has a repugnant reputation when it comes to dealing with India’s Muslims, set for victory? Admittedly, as...

From Osaka, Kyoto Japan could have been a leading world power today. Not a 19th century colonial-imperial-military power, but a peace power like Switzerland, only much bigger. If its political leaders had embraced the peace constitution with Article 9 – finally nominated for the Nobel Peace Prize – depriving Japan of the right to war with the same enthusiasm of its population. A recent public opinion poll showed 2/3, 63%-64% opposing collective defense as well as revision of A9. It is not that A9 – which is against war, not for peace – is perfect. Betrayed by politicians “interpreting” and used as a comfortable sleeping pillow by the peace movement people, two solid pillars should have been added, like defensive defense and positive peace.

For one who has worked much on the theory and practice of change from systems of hierarchy to systems of equity, June 15 1964 will never be forgotten. Those at the bottom of the world system of states, fragmented away from each other by colonial and imperial structures, marginalized, exploited, came together, 77 of them, and formed–not a very revolutionary word–a Group. In 1967 the Group was confirmed by the Charter of Algiers. They used the UNCTAD-United Nations Conference on Trade and Development as their platform. Then the follow-up in 1974: the New International Economic Order-NIEO, and the Charter of Economic Rights and Duties of States, passed by the UN General Assembly. A trade union of states, or their governments, had been born; today 133-states strong. Not included are almost all states that are members of the Council of Europe (which includes the EU), OECD-Organization of Economic Cooperation and Development,...

/10/jonathanpower2.jpg”> The West, the US especially, has got itself into a fretful mood over the rise of China. Quite unnecessarily so. The Chinese growth rate is slowing. As a BBC commentator said today, reviewing this week’s government-issued statistics, China never will hit double digit growth again. Glitzy Shanghai, Guangzhou, Chengdu and their like, where growth is still well over 10% a year, make up only a part of China’s economy. Much of the country has an income per head more akin to Ecuador.

Sometimes a look at the basics is needed. They are reproduction of the nature on which we all depend, and reproduction of humans. Formulas like renewability and recycling, to avoid depletion and pollution, and well-being, meeting basic needs for all to avoid suffering and misery, are good guides. With them guaranteed, let us extract, produce, distribute, consume, and enjoy! Sounds rational. But the basics are not guaranteed, not built into the system. From the economy comes many products but also ecocrisis, misery, death, guided not by rationality but by the opposite. How come?

Alfaz, Spain An optimistic prediction held by some; but what does it mean? Let us define that “middle” as thousand years, 250-1250, from the start of the West Roman Empire declining (completed in 476 – 500), to the rise of the Hanseatic League transalpina as another Europe (completed around 1500 with protestantisms, Luther-Zwingli-Calvin; Anglicans). Apart from the Crusades, 1095-1291, an early introduction to the “Modern Period”, this was a peaceful time in Europe due to the integrative forces of the “Holy Roman Empire of the German Nation” – not Holy, not Roman, not German they say – and the Vatican – Holy? – hm; Roman? Yes. 217 of the 266 popes Italian, so far; No. 2: 16 French. The Kings ruled by intermarriages, and the Popes by theocracy, in harmony till the 11th century investiture conflict: who appoints the bishops!? The war on Islam, the Crusades 1095-1291 (Pope Urban II)...

2013 was not a happy year in the chronicles of human history, yet there were a few moves in the directions of peace and justice. What follows are some notes that respond to the mingling of light and shadows that are flickering on the global stage, with a spotlight placed on the main war zone of the 21st century – the Middle East, recalling that Europe had this negative honor for most of the modern era except for the long 19th century, and that the several killing fields of sub-Saharan Africa are located at the periphery of political vision, and thus their reality remains blurred for distant observers.