Reading between the lines of a just-released optimistic report on global flows of goods, services and finance by the McKinsey Global Institute, one can conclude that the developed world is benefiting more from globalization than the developing one. Emerging economies, however, are working doggedly to reverse that trend.
Last week the Fisheries Agency of Japan announced that it would not be
sending its fleet to the Antarctic for the 2014-15 season, following
Monday’s finding by the International Court of Justice that, despite
Japan’s claims to the contrary, its Antarctic whaling was “not for
purposes of scientific research,” and should be halted with “immediate
Delivering the latest stark news about climate change a UN panel warned that governments are not doing enough to avert profound risks. But the experts found a silver lining: Not only is there still time to head off the worst, but the political will to do so seems to be rising around the world.