Global Issues

Latest Updates

Global Financial Crisis

Last updated Tuesday, June 02, 2009.

Following a period of economic boom, a financial bubble—global in scope—has now burst. The extent of this problem has been so severe that some of the world’s largest financial institutions have collapsed. Others have been bought out by their competition at low prices and in other cases, the governments of the wealthiest nations in the world have resorted to extensive bail-out and rescue packages for the remaining large banks and financial institutions.

Some of the bail-outs have also led to charges of hypocrisy due to the apparent socializing of the costs while privatizing the profits. Furthermore, the institutions being rescued are typically the ones got the world into this trouble in the first place. For smaller businesses and poorer people, such options for bail out and rescue are rarely available when they find themselves in crisis. There is the argument that when the larger banks show signs of crisis, it is not just the wealthy that will suffer, but potentially everyone because of the ripple effect that problems at the top could have throughout the entire economy.

Plummeting stock markets have wiped out 33% of the value of companies, $14.5 trillion. Taxpayers will be bailing out their banks and financial institutions with large amounts of money. US taxpayers alone will spend some $9.7 trillion in bailout packages and plans. The UK and other European countries have also spent some $2 trillion on rescues and bailout packages. More is expected. Much more.

Such numbers, made quickly available, are enough to wipe many individual’s mortgages, or clear out third world debt many times over. Even the high military spending figures are dwarfed by the bailout plans to date.

This problem could have been averted (in theory) as people had been pointing to these issues for decades. However, during boom, very few want to hear such pessimism. Does this crisis spell an end to the careless forms of banking and finance and will it herald a better economic age, or are we just doomed to keep forgetting history and repeat these mistakes in the future?

Read “Global Financial Crisis” to learn more.

Loss of Biodiversity and Extinctions

Last updated Monday, May 04, 2009.

It is feared that human activity is causing massive extinctions. From various animal species, forests and the ecosystems that forests support, marine life. The costs associated with deteriorating or vanishing ecosystems will be high. However, sustainable development and consumption would help avert ecological problems.

Read “Loss of Biodiversity and Extinctions” to learn more.

Energy Security

Last updated Monday, May 04, 2009.

Energy security is a growing concern for rich and emerging nations alike. The past drive for fossil fuel energy has led to wars, overthrow of democratically elected leaders, and puppet governments and dictatorships.

Leading nations admit we are addicted to oil, but investment into alternatives has been lacking, or little in comparison to fossil fuel investments.

As the global financial crisis takes hold and awareness of climate change increases, more nations and companies are trying to invest in alternatives. But will the geopolitics remain the same?

Read “Energy Security” to learn more.

Why Is Biodiversity Important? Who Cares?

Last updated Sunday, April 26, 2009.

Why is Biodiversity important? Does it really matter if there aren’t so many species?

Biodiversity boosts ecosystem productivity where each species, no matter how small, all have an important role to play.

For example, a larger number of plant species means a greater variety of crops; greater species diversity ensures natural sustainability for all life forms; and healthy ecosystems can better withstand and recover from a variety of disasters.

And so, while we dominate this planet, we still need to preserve the diversity in wildlife.

Read “Why Is Biodiversity Important? Who Cares?” to learn more.

US and Foreign Aid Assistance

Last updated Monday, April 13, 2009.

In 1970, the world’s rich countries agreed to give 0.7% of their gross national income as official international development aid, annually.

Since that time, billions have certainly been given each year, but rarely have the rich nations actually met their promised target.

For example, the US is often the largest donor in dollar terms, but often ranks amongst the lowest in terms of meeting the stated 0.7% target.

Source: OECD, April 2009

Furthermore, aid has often come with a price of its own for the developing nations. Common criticisms, for many years, of foreign aid, have included the following:

• Aid is often wasted on conditions that the recipient must use overpriced goods and services from donor countries.
• Most aid does not actually go to the poorest who would need it the most
• Aid amounts are dwarfed by rich country protectionism that denies market access for poor country products while rich nations use aid as a lever to open poor country markets to their products
• Large projects or massive grand strategies often fail to help the vulnerable; money can often be embezzled away.

This article explores who has benefited most from this aid, the recipients or the donors.

Read “US and Foreign Aid Assistance” to learn more.

Official global foreign aid shortfall: $3.6 trillion

Last updated Monday, April 13, 2009.

Almost 40 years ago, rich country governments agreed to give 0.7% of their GNI (Gross National Income) as official aid to poor countries for development assistance.

The average aid delivered each year has actually been between 0.2 to 0.4%. The shortfall has therefore accumulated to over $3.6 trillion dollars at 2007 prices, while total aid delivered in that same time frame has reached $2.7 trillion.

Read “Official global foreign aid shortfall: $3.6 trillion” to learn more.

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Poverty Facts and Stats

Last updated Sunday, March 22, 2009.

Most of humanity lives on just a few dollars a day. Whether you live in the wealthiest nations in the world or the poorest, you will see high levels of inequality.

The poorest people will also have less access to health, education and other services. Problems of hunger, malnutrition and disease afflict the poorest in society. The poorest are also typically marginalized from society and have little representation or voice in public and political debates, making it even harder to escape poverty.

By contrast, the wealthier you are, the more likely you are to benefit from economic or political policies. The amount the world spends on military, financial bailouts and other areas that benefit the wealthy, compared to the amount spent to address the daily crisis of poverty and related problems are often staggering.

Some facts and figures on poverty presented in this page are eye-openers, to say the least.

Read “Poverty Facts and Stats” to learn more.

Global Financial Crisis

Last updated Tuesday, June 02, 2009.

Following a period of economic boom, a financial bubble—global in scope—has now burst. The extent of this problem has been so severe that some of the world’s largest financial institutions have collapsed. Others have been bought out by their competition at low prices and in other cases, the governments of the wealthiest nations in the world have resorted to extensive bail-out and rescue packages for the remaining large banks and financial institutions.

Some of the bail-outs have also led to charges of hypocrisy due to the apparent socializing of the costs while privatizing the profits. Furthermore, the institutions being rescued are typically the ones got the world into this trouble in the first place. For smaller businesses and poorer people, such options for bail out and rescue are rarely available when they find themselves in crisis. There is the argument that when the larger banks show signs of crisis, it is not just the wealthy that will suffer, but potentially everyone because of the ripple effect that problems at the top could have throughout the entire economy.

Plummeting stock markets have wiped out 33% of the value of companies, $14.5 trillion. Taxpayers will be bailing out their banks and financial institutions with large amounts of money. US taxpayers alone will spend some $9.7 trillion in bailout packages and plans. The UK and other European countries have also spent some $2 trillion on rescues and bailout packages. More is expected. Much more.

Such numbers, made quickly available, are enough to wipe many individual’s mortgages, or clear out third world debt many times over. Even the high military spending figures are dwarfed by the bailout plans to date.

This problem could have been averted (in theory) as people had been pointing to these issues for decades. However, during boom, very few want to hear such pessimism. Does this crisis spell an end to the careless forms of banking and finance and will it herald a better economic age, or are we just doomed to keep forgetting history and repeat these mistakes in the future?

Read “Global Financial Crisis” to learn more.

Causes of Poverty

Last updated Sunday, March 22, 2009.

Poverty is the state for the majority of the world’s people and nations. Why is this? Is it enough to blame poor people for their own predicament? Have they been lazy, made poor decisions, and been solely responsible for their plight? What about their governments? Have they pursued policies that actually harm successful development? Such causes of poverty and inequality are no doubt real. But deeper and more global causes of poverty are often less discussed.

Read “Causes of Poverty” to learn more.

World Military Spending

Last updated Sunday, March 01, 2009.

World military spending had reduced since the Cold War ended, but a few nations such as the US retain high level spending. In recent years, global military expenditure has increased again and is now comparable to Cold War levels again, with recent data showing global spending at over $1.2 trillion, annually.

The highest military spender is the US accounting for just under half of the world’s spending, more than the rest of the G7 (most economically advanced countries) combined, and more than all its potential enemies, combined.

Read “World Military Spending” to learn more.

Racism

Last updated Monday, December 20, 2004.

Racism is a very touchy subject for some, as issues concerning free speech and Article 19 of the Universal Declaration of Human Rights come into play. Some people argue that it is just words. Others point out that these words can lead to some very dire and serious consequences (World War II being an example). This article explores racism from around the world.

Read “Racism” to learn more.

Environmental Issues

Last updated Monday, May 04, 2009.

Environmental issues are also a major global issue. Humans depend on a sustainable and healthy environment, and yet we have damaged the environment in numerous ways. This section introduces other issues including biodiversity, climate change, animal and nature conservation, population, genetically modified food, sustainable development, and more.

Read “Environmental Issues” to learn more.

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Topical Issues

Global Financial Crisis

Last updated Tuesday, June 02, 2009.

Following a period of economic boom, a financial bubble—global in scope—has now burst. The extent of this problem has been so severe that some of the world’s largest financial institutions have collapsed. Others have been bought out by their competition at low prices and in other cases, the governments of the wealthiest nations in the world have resorted to extensive bail-out and rescue packages for the remaining large banks and financial institutions.

Some of the bail-outs have also led to charges of hypocrisy due to the apparent socializing of the costs while privatizing the profits. Furthermore, the institutions being rescued are typically the ones got the world into this trouble in the first place. For smaller businesses and poorer people, such options for bail out and rescue are rarely available when they find themselves in crisis. There is the argument that when the larger banks show signs of crisis, it is not just the wealthy that will suffer, but potentially everyone because of the ripple effect that problems at the top could have throughout the entire economy.

Plummeting stock markets have wiped out 33% of the value of companies, $14.5 trillion. Taxpayers will be bailing out their banks and financial institutions with large amounts of money. US taxpayers alone will spend some $9.7 trillion in bailout packages and plans. The UK and other European countries have also spent some $2 trillion on rescues and bailout packages. More is expected. Much more.

Such numbers, made quickly available, are enough to wipe many individual’s mortgages, or clear out third world debt many times over. Even the high military spending figures are dwarfed by the bailout plans to date.

This problem could have been averted (in theory) as people had been pointing to these issues for decades. However, during boom, very few want to hear such pessimism. Does this crisis spell an end to the careless forms of banking and finance and will it herald a better economic age, or are we just doomed to keep forgetting history and repeat these mistakes in the future?

Read “Global Financial Crisis” to learn more.

Climate Change and Global Warming

Last updated Thursday, January 01, 2009.

The climate is changing. The earth is warming up, and there is now overwhelming scientific consensus that it is happening, and human-induced. With global warming on the increase and species and their habitats on the decrease, chances for ecosystems to adapt naturally are diminishing. Many are agreed that climate change may be one of the greatest threats facing the planet. Recent years show increasing temperatures in various regions, and/or increasing extremities in weather patterns.

This section explores some of the effects of climate change. It also attempts to provide insights into what governments, companies, international institutions, and other organizations are attempting to do about this issue, as well as the challenges they face. Some of the major conferences in recent years are also discussed.

Read “Climate Change and Global Warming” to learn more.

Food and Agriculture Issues

Last updated Sunday, July 06, 2008.

Food and agriculture goes to the heart of our civilizations. Religions, cultures and even modern civilization have food and agriculture at their core. For an issue that goes to the heart of humanity it also has its ugly side.

This issue explores topics ranging from the global food crisis of 2008, to issues of food aid, world hunger, food dumping and wasteful agriculture such as growing tobacco, sugar, beef, and more.

Read “Food and Agriculture Issues” to learn more.

Iraq Crisis

Last updated Wednesday, August 01, 2007.

In 2003, the US and UK invaded Iraq under false pretenses (that Iraq had weapons of mass destruction ready for deployment within minutes and posed a great threat to the world, etc.), without the backing of the international community and even with large domestic opposition to war in both those countries.

Since the bombing campaign ended and Saddam Hussein was overthrown, the expected quick democracy, peace, and gratitude to the US quickly became a nightmare and disaster as major religious and ethnic factions started fighting each other and the US/UK occupation forces. The civilian death toll has been immense, with 2006 seeing almost 100 deaths a day.

This section looks into issues during the sanctions following the first Gulf War when the US forced Saddam Hussein to get out of Kuwait, which he invaded, as well as the propaganda build-up to the 2003 invasion and issues since.

Read “Iraq Crisis” to learn more.

US and Foreign Aid Assistance

Last updated Monday, April 13, 2009.

In 1970, the world’s rich countries agreed to give 0.7% of their gross national income as official international development aid, annually.

Since that time, billions have certainly been given each year, but rarely have the rich nations actually met their promised target.

For example, the US is often the largest donor in dollar terms, but often ranks amongst the lowest in terms of meeting the stated 0.7% target.

Source: OECD, April 2009

Furthermore, aid has often come with a price of its own for the developing nations. Common criticisms, for many years, of foreign aid, have included the following:

• Aid is often wasted on conditions that the recipient must use overpriced goods and services from donor countries.
• Most aid does not actually go to the poorest who would need it the most
• Aid amounts are dwarfed by rich country protectionism that denies market access for poor country products while rich nations use aid as a lever to open poor country markets to their products
• Large projects or massive grand strategies often fail to help the vulnerable; money can often be embezzled away.

This article explores who has benefited most from this aid, the recipients or the donors.

Read “US and Foreign Aid Assistance” to learn more.

World Military Spending

Last updated Sunday, March 01, 2009.

World military spending had reduced since the Cold War ended, but a few nations such as the US retain high level spending. In recent years, global military expenditure has increased again and is now comparable to Cold War levels again, with recent data showing global spending at over $1.2 trillion, annually.

The highest military spender is the US accounting for just under half of the world’s spending, more than the rest of the G7 (most economically advanced countries) combined, and more than all its potential enemies, combined.

Read “World Military Spending” to learn more.

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