If sub-Saharan Africa followed the same model of economic development as the rest of the world, focused on the growth of carbon intensive industries, cities and infrastructures, it would seal the planet's climate future. Africa’s emissions today are among the lowest per capita in the world: 0.8 tons/capita.
Debate over a shake-up of the international corporate tax system has been ongoing for many years now, with few concrete outcomes (Figure 9). But this time looks different. The pandemic has had a profound effect on public finances around the world. And with governments scrabbling for additional revenues, corporate taxes are an attractive source.
The MED This Week newsletter provides expert analysis and informed insights on the most significant developments in the MENA region, bringing together unique opinions on the topic and reliable foresight on future scenarios. Today, we turn the spotlight on the Nile, where the dispute between Ethiopia and downstream countries over Addis Ababa’s plan to further fill his "Renaissance" dam is increasingly pressuring Arab states to mediate among quarrelling stakeholders.
The coming Iranian June 18th presidential election that is expected to herald a conservative victory will have implications not only for Iranian domestic politics and internal consolidation but also for the Saudi Iranian rivalry that has played out in the wider Middle East. Recent revelations about clandestine security-led Saudi-Iranian meetings orchestrated and held in Baghdad, point to a tactical recalibration away from the period of heightened regional tensions and acrimony experienced under the turbulent Trump years.
Both the G7 and the G20 summit platforms arose from responses to economic and financial challenges. As a result, finance ministers have a dominant role in both the discussion and the discourse among leaders of the major economies. The Covid-19 crisis has broadened the agenda of both groups of leading countries, along with urgency of climate change and the imperative of dealing with systemic social inequalities revealed by the pandemic.
President Biden, with a strong foreign policy portfolio and a meager record on domestic policy during his half century-long career as a public servant, seems more eager to capitalize on his art of global diplomacy and reclaim US leadership based on securing American dominance in the Indo-Pacific than putting his own house in order. One is left with the impression that he has been brushing many domestic problems aside in a rush to push and grab the gavel of global leadership, which Trump abandoned.
From inaction to action – that is the message that the 2021 G7 summit seems to be more than willing to get across. And, indeed, things appear to be moving fast: from bolder commitments on climate change to the recent announcement of a global corporate tax, from redoubled promises to help vaccinating the world to foreign policy coordination.
Last year brought about new, unforeseen challenges for the global community. The Covid-19 pandemic came as an unexpected “black swan” and put abruptly under discussion our life styles, our working practices, the ways we used to do business. In a nutshell, the whole globalization paradigm, which had reached its peak, was under threat by an invisible and microscopical enemy. Today, as we are finally getting out of the most acute phase of the emergency – at least from the health point of view – we are called to a possibly even daunting challenge: how can we build back our societies better?
The world is faced with major challenges that will shape the decades to come. Issues such as climate change, COVID-19 and rapid technological change affect us all and demand a collective response.
Launched last month,Global Britain in a Competitive Age: the Integrated Review of Security, Defence, Development and Foreign Policy describes the UK government’s vision for the UK’s role in the world over the next decade and the actions we will take at home and with other countries to ensure that we are stronger, safer and more prosperous.
Semiconductors are the world's fourth-most-traded product after crude oil, refined oil, and cars.