Our notion that humanitarian governance must be understood as the interplay of different actors tallies with theories on governance. However, writing about humanitarian governance tends to overly focus on the international humanitarian system, neglecting local and national actors’ involvement. Also, governance theories of the 1990s show that state power is layered and fragmented, and that attaining collective purposes is not solely the domain of the state. The shift from ‘government’ to ‘governance’, showed how “the state becomes a collection of inter-organizational networks made up of governmental and societal actors with…
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THE CHALLENGE OF NATIONAL ECONOMIC POLICY AND MULTILATERAL RESPONSES IN AN ERA OF GLOBALIZATION
Each country, based on its individual endowments and circumstances, will have to design and implement national policies in a range of areas that ensure the country takes advantage of the opportunities that globalization provides and at the same time deals with the risks that it introduces. In terms of the national economy, there are three distinct advantages: (a) The demand for a country’s product is no longer constrained by its own markets; (b) A country’s investment is no longer constrained by what it can save itself; (c) A country’s producers…
Read MoreGLOBAL GOVERNANCE REFORMING UNITED NATIONS
Since its foundation in 1946, the United Nations has undergone a continuous process of reform, each phase reflecting the renewed priorities of its membership. The decolonization period and the subsequent independence of numerous States in Africa and Asia provided a unique opportunity for the United Nations to address the needs of the newly independent nations. Within twenty years of its creation, UN membership more than doubled reaching 118 by 1965. The emergence of new States showed the need for a strengthening of the United Nations system in the area of…
Read MoreTHE CHALLENGE OF NATIONAL ECONOMIC POLICY IN AN ERA OF GLOBALIZATION
Many people consider globalization nothing new – societies have been interconnected for years. But globalization took different forms in the past and the contemporary conjuncture is new. The world has never experienced globalization at this level of intensity before or the speed at which it is transforming and integrating societies. There is no single, all encompassing definition of globalization. Instead, it has become a broad heading for a multitude of global interactions, ranging from the expansion of cultural influences across borders to the enlargement of economic and business relations throughout…
Read MoreOIL SUPPLY AND PRICES : GLOBAL IMBALANCES
The persistent increase in oil prices over the past decade suggests that global oil markets have entered a period of increased scarcity. Given the expected rapid growth in oil demand in emerging market economies and a downshift in the trend growth of oil supply, a return to abundance is unlikely in the near term. This chapter suggests that gradual and moderate increases in oil scarcity may not present a major constraint on global growth in the medium to long term, although the wealth transfer from oil importers to exporters would…
Read MoreDOHA DECLARATION ON TRADE-RELATED ASPECTS OF INTELLECTUAL PROPERTY RIGHTS (TRIPS) AND INDIA: AN OVERVIEW
The post 2005 and the impact of adopting stronger patent regime in the context of India generated debate not only within India but also outside, since India is one of the larger drugs/medicines manufacturing country in the world which ranks higher position in terms of production and volume. India’s export reaches a number of developing and least developed countries which show the dependency of the other countries on India. India’s pharmaceutical industry is also making footprints in the developed countries as well. India’s transition towards the product patents came gradually.…
Read MoreGLOBALISATION AND WORLD POVERTY: IT’S EFFECTS AND RELATIONSHIPS
Globalisation is the growing integration of economies and societies around the world. It ranges from the issues of trade and services, movement of capital, growth and poverty of the world population, international migration to easier transportation and communication around the world. It is a complex process that affects many lives and above all, increased economic interdependence among countries. The International Monetary Fund (IMF) outlined four basic aspects of globalisation – capital and investment movements, trade and transactions, dissemination of knowledge and the migration and movement of people. The process of…
Read MoreUNITED NATIONS 75TH ANNIVERSARY: CRITICAL ANALYSIS
“The new millennium presents the most appropriate time to review the history of United Nations(UN) institution, its successes and failures, and expectations for its future.” Opinions may differ about the successes and failure of the United Nations as an instrument for world peace and security. But everyone will agree that it has played a crucial role in the economic and social advancement of the people. United Nation’s efforts in the early Cold War era concentrated on the relationships between nations and the issues of war and peace. The UN has…
Read MoreCHALLENGES AND RISKS OF A GROWING BIG ECONOMY
The concept of bio economy covers the agricultural industry and all manufacturing sectors and their respective service areas. Thus, it achieves a variety of industries such as agriculture, forestry, horticulture, fisheries and aquaculture, plant and animal breeding, food and beverage, wood, paper, leather, textile, chemical and pharmaceutical industries up to branches of energy industry. The biotechnology is going to transform many sectors of the economy within the next years, particular in the fields of medicine, health, agriculture and nutrition. Furthermore, the efficient coupling of biological and chemical synthesis processes will…
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