Region: Global Issues

The most important words uttered at the Fourth High Level Forum on Aid Effectiveness came from Lee Myung-bak, the President of the Republic of Korea. Fifty years ago when he was a child and Korea was a war ravaged country, it needed aid. Today it’s the 13th largest economy in the world, the second fastest growing economy in the OECD and an aid donor. That single statement confirms that despite the complexity of aid, despite the myriad cultures, despite the challenges that are presented from clean water to conflict to corruption, aid works.

The 183 member countries of the WTO were largely represented. The conference agenda was full with many working sessions competing in parallel and dealing with current trade challenges: ‘Made in the World’ labelling, the Arab Spring, the Doha Round and many other issues such as sustainable energy, food security and intellectual property rights

In cooperation with the Inter-Parliamentary Union, the UN convened a Parliamentary Hearing on Towards Economic Recovery: Rethinking Development, Retooling Global Governance at UN Headquarers in New York from 3 to 4 December 2010.  Parliamentarians from around 70 countries were able to discuss key opportunities and challenges for ensuring sustainable economic development with a particular focus on current institutions of global governance and how they might need to be adapted to better respond to current global economic conditions.