Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


UN needs greater global economic role, Clark says

UN needs greater global economic role, Clark says

By Paul McBeth

Nov. 13 (BusinessDesk) - The United Nations needs a greater role in coordinating global economic decisions, with finance ministers attending a beefed up body to ensure not just the largest economies set the agenda, says UN Development Programme chair Helen Clark.

With organisations such the G20, comprising of the world's 20 biggest economies, dominating measures to shore up growth after the global financial crisis, many other states were at risk of being affected without having a voice, Clark said in a lecture in Wellington. That could be eased by a stronger economic body at the United Nations provided it could attract the world's finance ministers to help coordinate a global response.

"A reformed ECOSOC (economic and social council) which attracted finance ministers to its proceedings would also give the UN a more effective forum and voice on economic and financial issues," she said.

Clark was speaking at Victoria University as part of a series on international governance in lecture lecture entitled 'Improving Global Governance: making global institutions fit for purpose in the 21st century'.

When asked how global bodies could improve their ability to respond to shocks such as the global financial crisis, Clark said international entities are probably better prepared now than they had been, but ongoing reform is still needed.

She cited the inability of members to reach meaningful consensus on climate change as a major issue for her as the head of the UN's development programme, but noted an increasing role taken by non-state actors, such as non-governmental organisations and the private sector.

The issue of permanent membership to the UN Security Council, and the veto right held by those members were sticking points for the organisation, and Clark said the recent events in Syria may revive an impetus for change.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Media: Julian Wilcox Leaves Māori TV

Māori Television has confirmed the resignation of Head of News and Production Julian Wilcox. Mr Maxwell acknowledged Mr Wilcox’s significant contribution to Māori Television since joining the organisation in 2004. More>>

ALSO:

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news