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Walking the fiscal tightrope by Laura Papi & James P Walsh

With India growing faster than almost every other large economy, the government is right to address its long-run challenges. The push for investment in infrastructure is bearing fruit and the expansion of social programmes such as the National Rural Employment Guarantee Act (NREGA) and the Right to Education Act (RTE) is spreading the benefits of growth across the population. But just as improved infrastructure doesn’t eliminate all traffic jams, rapid growth...

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UN food experts call for increased agricultural investment to offset soaring prices

Faced with soaring food prices for the second time in three years, senior United Nations experts today called for greater investment in agriculture from both the public and private sectors to increase smallholder productivity.   “Policy-related solutions are also required to increase the longer-term resilience of global agriculture to allow greater levels of supply to markets as demand grows,” UN Food and Agriculture Organization (FAO) Senior Economist Jamie Morrison told a meeting...

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50 million 'environmental refugees' by 2020, experts say

Fifty million "environmental refugees" will flood into the global north by 2020, fleeing food shortages sparked by climate change, experts warned at a major science conference that ended here Monday. "In 2020, the UN has projected that we will have 50 million environmental refugees," University of California, Los Angeles professor Cristina Tirado said at the annual meeting of the American Association for the Advancement of Science (AAAS). "When people are...

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UN calls for ‘new era of social justice’ for all with basic services and decent jobs

With 80 per cent of the world’s people lacking adequate social protection and global inequalities growing, top United Nations officials are calling for a new era of social justice that offers basic services, decently paid jobs, and safeguards for the poor, vulnerable and marginalized. “Social justice is more than an ethical imperative; it is a foundation for national stability and global prosperity,” Secretary-General Ban Ki-moon said in a message ahead of...

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UN agency on ‘red alert’ as soaring food prices threaten millions of world’s poorest

Record high food prices are putting added pressure on the United Nations agency that helps feed nearly 100 million of the world’s poorest people, with officials warning of a potential “perfect storm” combination of soaring costs, weather emergencies and political instability. “We are on red alert and we are continually assessing needs and reassessing plans and stand ready to assist,” UN World Food Programme (WFP) Executive Director Josette Sheeran told the...

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