-AFP JOHANNESBURG: Foreign farms are spreading across Africa to grow food and biofuels for global markets, bringing much-needed investments but also new troubles for a continent struggling to feed itself. China, Malaysia, Singapore and Bangladesh are just some of the countries spending billions of dollars in what critics have dubbed a new "scramble for Africa", a reference to Europe's 19th century colonisation drive. But Africa holds an estimated 60 percent of the world's...
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Almost 21 million people worldwide are victims of forced labour, UN finds
-The United Nations Almost 21 million people worldwide are trapped in jobs into which they were coerced or deceived and which they cannot leave, according to new estimates released today by the United Nations labour agency. Released by the International Labour Organization (ILO), the 2012 Global Estimate of Forced Labour found that the Asia-Pacific region accounts for the largest number of the 20.9 million forced labourers in the world – 11.7 million,...
More »Impact of jobs crisis on youth among issues on agenda of UN labour conference
-The United Nations Nearly 5,000 delegates today kicked off a United Nations forum in Geneva focusing on the global jobs crisis and its impact on youth, as well as social protection and rights at work. The 101st International Labour Conference comes at a time when around 30 million people have been added to the unemployed since the 2008 financial crisis, and nearly 40 million more have stopped looking for employment, according to...
More »Jobs go missing -TK Rajalakshmi
The World of Work 2012 report presents a bleak picture of the global job situation. FOUR years after the global crisis erupted in 2008, organisations such as the International Labour Organisation (ILO) believe that labour markets still have not fully recovered. The world economy is not expected to grow at a sufficient pace over the next couple of years to overcome the crisis. These organisations present some depressing facts: those...
More »With slowing growth, people are now questioning the long-term Indian story
-The New York Times India's coalition government just celebrated the third anniversary of its tenure with a self-congratulatory banquet that could not have been more poorly timed: India's currency, the rupee, is falling; investment is down; inflation is rising; and deficits are eating away at government coffers. While short-term growth has slowed but not ground to a halt, India's problems have dampened hopes that it, along with China and other non-Western economies,...
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