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2014-04-22 - Socio Economic Review 2014 - Full text and cover - FINAL

2014-04-22 - Socio Economic Review 2014 - Full text and cover - FINAL

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In order to ensure good governance, strong independent civil society organisations<br />

are necessary to articulate the views of the people, challenge injustices, <strong>and</strong><br />

highlight social exclusion. The Irish Government should ensure a space <strong>and</strong> support<br />

for a vibrant civil society.<br />

Social Justice Irel<strong>and</strong> echoes the call in the UNDP Report 2013 for new guiding<br />

principles for international organisations which incorporate the experience of the<br />

South. ‘The emergence of the Group of 20 is an important step in this direction but<br />

the countries of the South also need more equitable representation in the Bretton<br />

Woods institutions, United Nations <strong>and</strong> other international bodies’. (p13)<br />

Trade <strong>and</strong> debt<br />

The fact that the current inequality between rich <strong>and</strong> poor regions of the world<br />

persists is largely attributable to unfair trade practices <strong>and</strong> to the backlog of<br />

unpayable debt owed by the countries of the South to other governments, to the<br />

World Bank, the International Monetary Fund (IMF) <strong>and</strong> to commercial banks.<br />

The effect of trade barriers cannot be overstated; by limiting or eliminating access<br />

to potential markets the Western world is denying poor countries substantial<br />

income. In 2002 at the UN Conference on Financing <strong>and</strong> Development Michael<br />

Moore, the President of the World Trade Organisation (WTO), stated that the<br />

complete abolition of trade barriers could ‘boost global income by $2.8 trillion <strong>and</strong><br />

lift 320 million people out of poverty by 2015’.<br />

Supporting developing countries to develop <strong>and</strong> implement just taxation systems<br />

would give a huge boost to local social <strong>and</strong> economic activity. Social Justice Irel<strong>and</strong><br />

notes the initiatives outlined in the Irish Aid Report to help developing countries<br />

to raise their own revenue. We urge Government to learn from <strong>and</strong> exp<strong>and</strong> these<br />

programmes. Prior to the G20 meeting in September 2013 Oxfam issued a briefing.<br />

While calling on the G20 to rewrite the international trade rules Oxfam noted that<br />

developing countries lose an estimated $100 - €160 billion annually to tax evasion.<br />

Social Justice Irel<strong>and</strong> supports the introduction of a financial transaction tax (FTT)<br />

which it sees as progressive since it is designed to target only those profiting from<br />

speculation. (for more on FTT see chapter 4) . It is clear that all countries would gain<br />

from trade reform. As the UN Human Development Report 2013 notes ‘The rise of<br />

the South presents new opportunities for providing global public goods more<br />

effectively <strong>and</strong> for unlocking today’s many stalemated global issues’.(p 14)<br />

The high levels of debt experienced by Third World countries have disastrous<br />

consequences for the populations of these indebted countries. Governments that are<br />

obliged to dedicate large percentages of their country’s GDP to debt repayments<br />

cannot afford to pay for health <strong>and</strong> educational programmes for their people. Ellmers<br />

252 <strong>Socio</strong>-<strong>Economic</strong> <strong>Review</strong> <strong>2014</strong>

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