For the past 70 years, the World Bank has strived to foster worldwide economic development, all while taking care not to cause undue harm in its wake. It has had some great successes and some humbling defeats. Now, in 2015, it's time the Bank makes good on its promise to ensure women are not harmed by but rather can contribute to and benefit equally from Bank investments.
This year world leaders will agree on a pathway to sustainable development and Global Citizen is taking on the challenge to make sure they are known throughout the world and acted on. We're going to hear from most knowledgeable and culturally relevant people on this subject to create a dialogue about the challenges, the solutions and what can be done in terms of national development.
NEW YORK -- When he was chair of the U.S. Federal Reserve, Ben Bernanke mistakenly described the problem as a "global saving glut." But in a world with such huge infrastructure needs, the problem is not a surplus of savings or a deficiency of good investment opportunities. The problem is a financial system that has excelled at enabling market manipulation, speculation, and insider trading, but has failed at its core task: intermediating savings and investment on a global scale. That is why the AIIB could bring a small but badly needed boost to global aggregate demand.
It is difficult to avoid the conclusion that for the World Bank and other financiers, poor people who stand in the way of their projects literally don't count. Time and again, the World Bank has demonstrated that it is not able to resettle people fairly. It should stop displacing people involuntarily in its projects.