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

 

Scoop Business: RBNZ Starts Talks On Tougher Rules For Property Speculators

The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, continue to rise strongly. More>>

ALSO:

Research: ‘Ageing Well’ Science Challenge Launched

Science and Innovation Minister Steven Joyce today launched the Ageing Well National Science Challenge, confirming initial funding of $14.6 million. More>>

ALSO:

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news