scholarly journals COVID-19 Recession: The Global Economy in Crisis

2020 ◽  
Author(s):  
Mehmet Balcılar
Keyword(s):  
World War Ii ◽  
Financial Markets ◽  
Low Income ◽  
Global Economy ◽  
Global Scale ◽  
Commodity Markets ◽  
Low Income Countries ◽  
Global Recession ◽  
The World ◽  
Recent Developments

In January 2020, the International Monetary Fund (IMF) predicted that the world economy would grow by 3.3% in 2020. However, in its latest forecasts, in April, it predicts a contraction of 3.0%, without growth prospects and with numerous risks. The World bank even forecasts a 3.6% contraction in 2020. These forecasts are already seen as overestimates. Most baseline forecast envisions the deepest global recession since World War II. This study analyzes various economics impacts of the COVID-19 on a global scale. If the global recession expected due to the effects of the coronavirus (COVID-19) would lead to a decline in growth rate of global gross domestic product (GDP) between 2.0% and 10.% in all countries in 2020, the number of unemployed people in the net food importer countries would increase between 14.4 million and 80.3 million; the biggest part of the increase would occur in low-income countries. As the pandemic has shown its most severe impact on the largest world economies, the study considers the developments in United States, Euro Area, Japan and China. The recessions in these parts of the world spreads to the other countries and one should primarily consider these regions. Next we consider the trends in global trades, financial markets, and commodity markets. In association with the four regions of the global economy and trends in global trade, financial markets and commodity markets we consider recent developments in emerging markets.

Report of the Managing Director to the International Monetary and Financial Committee on the IMF's Policy Agenda

Policy Papers ◽  
2007 ◽  
Vol 2007 (44) ◽  
Author(s):  
Keyword(s):  
Low Income ◽  
Global Economy ◽  
Emerging Market ◽  
Low Income Countries ◽  
Crisis Prevention ◽  
Recent Developments ◽  
Section Viii ◽  
Income Model ◽  
Key Aspects ◽  
Future Work

This report reviews the work of the Fund since the 2007 Spring Meetings and the priorities for the period ahead. Progress has been made in the past few months with respect to the framework for surveillance and its implementation, quota and voice, and the Fund’s income model. Other key aspects of the MTS have also advanced, including with regard to Bank-Fund collaboration and the Fund’s role in low-income countries. Future work will focus on completion of the quota and voice reform, reaching agreement on the Fund’s new income model, and delivering budgetary restraint, as well as addressing the evolving challenges facing the Fund and the world economy, notably the financial market turbulence and financial globalization. The paper reports on recent developments in the global economy (Section II) and progress in the following key areas: reshaping surveillance (Section III); emerging market economies and crisis prevention (Section IV); the role of the Fund in low-income countries (Section V); quota and voice issues (Section VI), building institutions and capacity (Section VII); and managing an effective institution (Section VIII).

scholarly journals Honoured in the Breach: Human Rights as Principles of a Past Age

2007 ◽  
Vol 1 (2) ◽  
pp. 136-145 ◽  
Author(s):  
Gary Teeple
Keyword(s):  
Human Rights ◽  
World War Ii ◽  
Global Economy ◽  
World Order ◽  
Global Scale ◽  
World War ◽  
The World ◽  
Political Leverage ◽  
National Practice ◽  
Mode Of Production

Rights define the prevailing relations that constitute a community. They are in turn defined by the character of a given mode of production, and as that changes so too the system of rights. The rights that comprise ‘human rights’ evolved in the transition from feudalism to capitalism and represent the principles of the emerging world order in the 18th and 19th centuries. Only in the aftermath of World War II with the exhaustion or defeat of the European states and Japan was it possible to declare these same principles as belonging to the whole world equally and as intrinsic to all humans - yet within national frameworks. The accumulation of capital on a global scale, however, soon began to undermine the national practice of these human rights. By the end of the 1980s the construction of regional or global ‘enabling frameworks,’ quasi-states for capital, detached from any formal or legitimate means of countervailing political leverage, made human rights appear increasingly like anachronisms. An increasingly violent usurpation of the Universal Declaration of Human Rights and other forms of rights around the world followed. In the absence of a legitimizing set of principles for this new global economy, a growing need for a rationale to govern by fiat becomes the central problem of the day.

scholarly journals Recent Dimensions of Regional Migration

2020 ◽  
Vol 12 (4) ◽  
pp. 91-105
Author(s):  
Mariana Bălan ◽  
Svitlana Bilan
Keyword(s):  
Low Income ◽  
Global Economy ◽  
Age Groups ◽  
Value Added ◽  
Regional Level ◽  
Low Income Countries ◽  
Migration Patterns ◽  
Regional Migration ◽  
The World ◽  
Size And Structure

AbstractObjective: The purpose of this article is to make an analysis of the size and structure of migratory flows at regional and sub-regional level.Methodology: Descriptive statistical analysis was mainly used to visualize and synthesize information about the evolution of the structure and size of migratory flows in major regions of the world.Findings: The importance of contemporary migration is related not only to the number of migrants, but also to the fact that the migratory phenomenon has become global and takes on more and more diverse forms. People travel for various periods of time, but shorter. They adopt a pattern of circulatory migration, continue to maintain strong connections with where they left from or practice unregulated migration. Migration has become a defining feature of the modern global economy, and the main factors underlying its expansion are the processes of globalization, technical progress, the new economic order, etc. In 2019, the number of l migrants at world level reached 271.6 million, well above the values forecast by international bodies in recent years. In the last three decades, more developed regions have received 69 million international migrants, while less developed regions have received only 50 million. The highest migratory flows were recorded in high-income countries (98 million persons), and middle and low-income countries added only about 20 million persons to migrants’ stock (17 million and 3 million, respectively).Value Added: The paper presents an analysis of the size and structure of migratory flows at the regional level, providing a more detailed picture of migration, and presenting a different but complementary perspective of migrants and movements from different parts of the world. A comparative analysis of migrant flows at regional level and on large migration corridors is performed, but also of the structure by age groups and gender of regional migrants.Recommendations: The analysis of data on regional migration shows significant differences in migration patterns between regions. Greater recognition of regional migration patterns, variations and complexities can help shape strategic and sustainable responses of the migration policies. It is also necessary to pay attention to the regional dimensions and variations of international migration that may have critical implications for debates and regulations, especially (but not only) globally.

The World Economy through the Lens of the United Nations

2018 ◽  
Keyword(s):  
World War Ii ◽  
United Nations ◽  
Global Economy ◽  
World Economy ◽  
Social Conditions ◽  
Policy Recommendations ◽  
The Past ◽  
The World ◽  
World Economic ◽  
The United Nations

This volume documents the intellectual influence of the United Nations through its flagship publication, the World Economic and Social Survey (WESS) on its seventieth anniversary. Prepared at the Department of Economic and Social Affairs (DESA) and first published in 1948 as the World Economic Report (subsequently renamed the WESS), it is the oldest continuous post-World War II publication of this kind, recording and analysing the performance of the global economy and social development trends, and offering relevant policy recommendations. This volume highlights how well WESS has tracked global economic and social conditions, and how its analyses have influenced and have been influenced by the prevailing discourse over the past seven decades. The volume critically reflects on its policy recommendations and their influence on actual policymaking and the shaping of the world economy. Although world economic and social conditions have changed significantly over the past seven decades and so have the policy recommendations of the Survey, some of its earlier recommendations remain relevant today; recommendations in WESS provided seven decades ago seem remarkably pertinent as the world currently struggles to regain high levels of employment and economic activity. Thus, in many ways, WESS was ahead of the curve on many substantive issues. Publication of this volume will enhance the interest of the wider community of policymakers, academics, development practitioners, and members of civil society in the analytical work of the UN in general and UN-DESA in particular.

scholarly journals Global trends in medical education accreditation

2021 ◽  
Vol 19 (1) ◽  
Author(s):  
Deborah Bedoll ◽  
Marta van Zanten ◽  
Danette McKinley
Keyword(s):  
Medical Education ◽  
World Bank ◽  
Low Income ◽  
Regional Cooperation ◽  
Medical Schools ◽  
Income Group ◽  
Low Income Countries ◽  
Fiscal Year ◽  
The World ◽  
Google Search

Abstract Background Accreditation systems in medical education aim to assure various stakeholders that graduates are ready to further their training or begin practice. The purpose of this paper is to explore the current state of medical education accreditation around the world and describe the incidence and variability of these accreditation agencies worldwide. This paper explores trends in agency age, organization, and scope according to both World Bank region and income group. Methods To find information on accreditation agencies, we searched multiple online accreditation and quality assurance databases as well as the University of Michigan Online Library and the Google search engine. All included agencies were recorded on a spreadsheet along with date of formation or first accreditation activity, name changes, scope, level of government independence, accessibility and type of accreditation standards, and status of WFME recognition. Comparisons by country region and income classification were made based on the World Bank’s lists for fiscal year 2021. Results As of August 2020, there were 3,323 operating medical schools located in 186 countries or territories listed in the World Directory of Medical Schools. Ninety-two (49%) of these countries currently have access to undergraduate accreditation that uses medical-specific standards. Sixty-four percent (n = 38) of high-income countries have medical-specific accreditation available to their medical schools, compared to only 20% (n = 6) of low-income countries. The majority of World Bank regions experienced the greatest increase in medical education accreditation agency establishment since the year 2000. Conclusions Most smaller countries in Europe, South America, and the Pacific only have access to general undergraduate accreditation, and many countries in Africa have no accreditation available. In countries where medical education accreditation exists, the scope and organization of the agencies varies considerably. Regional cooperation and international agencies seem to be a growing trend. The data described in our study can serve as an important resource for further investigations on the effectiveness of accreditation activities worldwide. Our research also highlights regions and countries that may need focused accreditation development support.

scholarly journals Tuberculosis and Non-Communicable Disease Multimorbidity: An Analysis of the World Health Survey in 48 Low- and Middle-Income Countries

2021 ◽  
Vol 18 (5) ◽  
pp. 2439
Author(s):  
Brendon Stubbs ◽  
Kamran Siddiqi ◽  
Helen Elsey ◽  
Najma Siddiqi ◽  
Ruimin Ma ◽  
...  
Keyword(s):  
Health Survey ◽  
Low Income ◽  
World Health ◽  
Low Income Countries ◽  
Multivariable Logistic Regression Analysis ◽  
World Health Survey ◽  
Middle Income ◽  
Middle Income Countries ◽  
The World ◽  
Low And Middle Income

Tuberculosis (TB) is a leading cause of mortality in low- and middle-income countries (LMICs). TB multimorbidity [TB and ≥1 non-communicable diseases (NCDs)] is common, but studies are sparse. Cross-sectional, community-based data including adults from 21 low-income countries and 27 middle-income countries were utilized from the World Health Survey. Associations between 9 NCDs and TB were assessed with multivariable logistic regression analysis. Years lived with disability (YLDs) were calculated using disability weights provided by the 2017 Global Burden of Disease Study. Eight out of 9 NCDs (all except visual impairment) were associated with TB (odds ratio (OR) ranging from 1.38–4.0). Prevalence of self-reported TB increased linearly with increasing numbers of NCDs. Compared to those with no NCDs, those who had 1, 2, 3, 4, and ≥5 NCDs had 2.61 (95% confidence interval (CI) = 2.14–3.22), 4.71 (95%CI = 3.67–6.11), 6.96 (95%CI = 4.95–9.87), 10.59 (95%CI = 7.10–15.80), and 19.89 (95%CI = 11.13–35.52) times higher odds for TB. Among those with TB, the most prevalent combinations of NCDs were angina and depression, followed by angina and arthritis. For people with TB, the YLDs were three times higher than in people without multimorbidity or TB, and a third of the YLDs were attributable to NCDs. Urgent research to understand, prevent and manage NCDs in people with TB in LMICs is needed.

scholarly journals African Studies Keyword: Oil

2021 ◽  
Vol 64 (2) ◽  
pp. 458-483
Author(s):  
John R. Heilbrunn
Keyword(s):  
Environmental Degradation ◽  
Low Income ◽  
Global Economy ◽  
Causal Agent ◽  
Low Income Countries ◽  
African Studies ◽  
Local Content ◽  
Post Conflict ◽  
Key Concepts ◽  
Oil Curse

AbstractOil is a metonym for terms in books and articles in diverse disciplines in African studies. Some portray oil as a causal agent that thrusts formerly low-income countries into the highly competitive neoliberal global economy. Others present it according to the oil curse/blessing binary. As a curse, petroleum causes dysfunctional and costly behavior. But increased revenues from oil just as certainly result in concrete improvements demonstrating a resource blessing. Heilbrunn uses case materials to explore environmental degradation, oil theft, community-company relations, post-conflict reconstruction, local content in contracts, and corruption. These key concepts form a basis for the keyword/concept essay on oil in Africa.

A worldwide survey of retinopathy of prematurity screening

2017 ◽  
Vol 102 (1) ◽  
pp. 9-13 ◽  
Author(s):  
Justin S Mora ◽  
Christopher Waite ◽  
Clare E Gilbert ◽  
Brenda Breidenstein ◽  
John J Sloper
Keyword(s):  
Low Income ◽  
Retinopathy Of Prematurity ◽  
Online Survey ◽  
Low Income Countries ◽  
Screening Criteria ◽  
Middle Income ◽  
Premature Babies ◽  
Inadequate Knowledge ◽  
The World ◽  
Rop Screening

BackgroundTo ascertain which countries in the world have retinopathy of prematurity (ROP) screening programmes and guidelines and how these were developed.MethodsAn email database was created and requests were sent to ophthalmologists in 141 nations to complete an online survey on ROP screening in their country.ResultsRepresentatives from 92/141 (65%) countries responded. 78/92 (85%) have existing ROP screening programmes, and 68/78 (88%) have defined screening criteria. Some countries have limited screening and those areas which have no screening or for which there is inadequate knowledge are mainly Southeast Asia, Africa and some former Soviet states.DiscussionWith the increasing survival of premature babies in lower-middle-income and low-income countries, it is important to ensure that adequate ROP screening and treatment is in place. This information will help organisations focus their resources on those areas most in need.

CORONAVIRUS IMPACT ON THE GLOBAL ECONOMY

2020 ◽  
Vol 10 (10) ◽  
pp. 2491-2498
Author(s):  
L.V. Abdrakhmanova ◽  
◽  
E.S. Shchigortsova ◽  
Keyword(s):  
Economic Activity ◽  
Global Economy ◽  
World Economy ◽  
Raw Materials ◽  
Global Scale ◽  
Retail Trade ◽  
Negative Consequences ◽  
Road Transportation ◽  
The World ◽  
Coronavirus Infection

The article analyzes the consequences of the spread of coronavirus infection on the world economy. The high degree of infection and the rapid spread of COVID-19 caused the quarantine of certain cities and regions of the world, and since March 2020, the borders between the countries have been completely closed. This situation, naturally, could not but affect the global economic activity. The crisis caused by the pandemic has led to the fact that the leaders of the countries were forced to first of all pay attention to health problems and seriously reduce funding in other sectors of the economy. The forced self-isolation regime of the population affected all spheres of life, without exception, large and medium, and, especially, small business suffered. The sectors of the economy most affected by the coronavirus pandemic include: air and road transportation, the leisure and entertainment industry, fitness and sports, tourism, hospitality, catering, the education system, the organization of conferences and exhibitions, the provision of personal services to the population, dentistry, retail trade in non-food products, the media and the production of printed materials, etc. Statistical data on the number of cases of new coronavirus infection by country (as well as those who recovered and died from it) are today not so much of a medical nature as evidence of a deepening global economic crisis. The decline in production volumes on a global scale entails a reduction in the global consumption of most types of industrial raw materials and energy carriers. According to analysts’ forecasts, the possibility of a quick return to the previous economic activity is not foreseen, negative processes may continue for the next several years. The COVID-19 pandemic is a serious test of the readiness of the world economy to effectively resolve global problems, overcome the negative consequences of the spread of the virus and focus on those positive opportunities, the development of which can lead to economic growth in the long term. One of these promising areas of economic development is the further digitalization of society, the development of new digital technologies.

The intractability of loss and damage issues in climate negotiations

Soundings ◽  
2021 ◽  
Vol 78 (78) ◽  
pp. 38-49
Author(s):  
Md Fahad Hossain ◽  
Saleemul Huq ◽  
Mizan R. Khan
Keyword(s):  
Climate Change ◽  
Low Income ◽  
Low Income Countries ◽  
Climate Regime ◽  
Climate Negotiations ◽  
Loss And Damage ◽  
Recent Developments ◽  
The Face ◽  
History Of ◽  
Key Issues

The impacts of human-induced climate change are manifested through losses and damages incurred due to the increasing frequency and intensity of climatic disasters all over the world. Low-income countries who have contributed the least in causing climate change, and have low financial capability, are the worst victims of this. However, since the inception of the international climate regime under the UN Framework Convention on Climate Change (UNFCCC), loss and damage has been a politically charged issue. It took about two decades of pushing by the vulnerable developing countries for the agenda to formally anchor in the climate negotiations text. This was further solidified through establishment of the Warsaw International Mechanism (WIM) and inclusion of stand-alone Article 8 on loss and damage in the Paris Agreement. Its institutionalisation has only done the groundwork of addressing loss and damage however - the key issue of finance for loss and damage and other matters has remained largely unresolved to date – particularly since Article 8 does not have any provision for finance. This has been due to the climate change-causing wealthy developed nations' utter disregard for their formal obligations in the climate regime as well as their moral obligation. In this article, we tease out the central controversies that underpin the intractability of this agenda at the negotiations of the UNFCCC. We begin by giving a walk-through of the concept and history of loss and damage in the climate regime. Then we present a brief account of losses and damages occurring in the face of rising temperature, and highlight the key issues of contention, focusing on the more recent developments. Finally, we conclude by suggesting some way forward for the twenty-sixth session of the Conference of the Parties to the UNFCCC (COP26) taking place in Glasgow, UK in November 2021.

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