G20: Africa’s growth can stabilise the world economy

first_img“The G20 has the right mix of developing and mature economies to lay the foundation for sustainable growth,” Dr. Heather Smith (Image: B20 Australia)• G20 Task Force Australia+61 800 922 [email protected] Sulaiman PhilipGoods are made in the world. Your smartphone contains rare earth minerals mined across Africa. Different components are manufactured across the globe and, in the case of your iPhone, assembled at a factory in China before being shipped to the US. Older smartphones are shipped to the developing world, where they are refurbished and resold, or recycled for the gold, silver and platinum used in their manufacture.Until very recently American tech company Apple was the most highly valued in the world, but, it has fewer than 600 000 American employees. Across the globe however, Apple has created more than 1.6 million jobs, not including those in the retail sector.When one link in that chain breaks, then the entire interdependent and integrated world economy is threatened with failure. The effects can be devastating, as the world realised when financial markets in the US collapsed, sending ripples across the globe.In his introduction at the G20 Outreach Seminar at UNISA, vice chancellor, Mandla Makhanya, explained that the global economy was slowly backing away from that chasm, but that there was still work to be done. He pointed out that global economic activity and the meltdown in 2008 had shown governments that what it meant to be a nation had also changed irrevocably.Makhanya highlighted challenges facing nations – jobless growth and growing inequality – but added that there were people working to tackle these problems. The G20 group of nations, and its target of 2% growth, is the best hope to help reap the promise of better futures for all. “The G20 is capable of catalysing a global turnaround. They are able to grapple with challenges at a global level and can put in place workable solutions.” Australia’s plan for global economic stabilityDr Heather Smith, Australia’s G20 Sherpa and keynote speaker at the event, explained Australia’s five-point Brisbane Action Plan. Australia holds the G20’s 2014 presidency and is responsible for formulating and driving policy for the year. Its plan: 2% GDP growth over five years; attract private infrastructure development; remove obstacles to trade; create jobs and lift participation; and empower development – and how it affects Africa in particular, while hardly innovative, sounds practical and easily accomplished.Australia has chosen one of two policies to spur economic growth. The first one, austerity, would impose fiscal responsibility on debtor nations and depress economic growth, especially in Africa where economies are based on mining and agriculture. Austerity drives down the prices of precious metals by artificially curbing demand.Smith explained that Australia has chosen to stimulate growth and prosperity instead. She is cautious enough to counsel care. Australia’s path, and that of the G20, relies on government monetary and trade policy working together to offset the risks of inflation and sovereign debt. Uncontrolled, these could cause a more damaging future financial crisis.Smith explained that Australia believes open and free trade is the best way to lift Africa out of poverty. “Africa should be a growing part of the world economy; we should be lifting more people out of poverty in Africa. But we will not do it with all the trade barriers that exist between African countries.”With the rolling presidency Australia’s for 2014, it has made formulating a structured G20 African policy a priority. Using the New Partnership for Africa’s Development (NEPAD) – a continent-wide vision and policy framework meant to accelerate economic co-operation and integration among African countries, adopted by the African Union in 2001 – G20 countries have engaged piecemeal and on an individual basis with Africa’s countries.Australian trade with Africa has been growing; its two largest African trade partners are Nigeria and South Africa and that trade now makes up a third of its foreign direct investment. Trade with Africa is not a philanthropic act on Australia’s part, nor on that of its G20 partners. It is a policy deigned to rebalance the global economy; as the economies of Europe and North America wane, Africa is seen as a new centre of demand.According to IMF research, emerging and developing markets will overtake established economies within a few years. “Asia’s middle class gave rise to the Asian Tiger economies. We see the same patterns in Africa. The African Development Bank numbers Africa’s middle class at 350 million, and it is growing. Open borders have transformed the world, and it will transform Africa. Today Africa is 30% more open to trade than it was in 1960 because governments understand the importance of free trade.”Australia’s five-point plan is intended as a guide to strengthen co-operation between developed northern economies and emerging and growing nations. Smith believes that improved infrastructure leads to improved trade, investment and employment and will eventually empower skilled workers. Opening Africa’s borders to improve trade efficiencyAccording to the World Trade Organization, cross-border trade has grown by 4% in 2014, to levels not seen before 2008. If that growth can be sustained, Africa can, trading with itself and the rest of the world, lift itself out of poverty.“G20 policies on cross-border trade will affect inequality by lifting more people out of poverty. If governments can be convinced to take action to free up trade, especially across borders, it will have a ripple effect on development issues. By not stopping trucks at the border you improve the efficiency of the supply chain, create jobs along the chain and positively affect issues like food security as well.”The core goal of Australia’s plan is stabilising the world’s economy: to return it to a semblance of its pre-2008 efficiency. The G20 believes the open markets will create opportunities for businesses in Japan to sell its TVs to customers in Europe, while a farmer in Kenya will be able to ship produce to America, without losing a third along inefficient supply routes, as easily as selling to Kenyans.“Stability as it the core of what we are trying to achieve,” Smith concluded. “We accept that the financial crisis was created in developed economies but we are all connected. We need Africa to be part of the change because the poorest of the poor were the hardest hit.”The world still faces global challenges, but as Africa has prospered members of the industrialised G20 nations have begun to look at the continent not as a charity case, but instead as the newest, most promising market, holding the promise to stabilise and rebuild the world’s economy.last_img read more

A behind the scenes look at the National FFA Convention

first_imgShare Facebook Twitter Google + LinkedIn Pinterest ADRENALINE. This word best describes my feelings in the weeks leading up to the 2016 National FFA Convention and Expo. Sleep was not something on my mind as we finalized scripts, practiced speeches and counted down the days until we welcomed 60,000 FFA members and supporters to Indianapolis, Ind. This convention would mark the emotional end of my seven-year journey in the blue jacket and I wanted everything to go perfectly.From 2015-2016, I represented Ohio as our state’s most recent national FFA officer. During the year, I traveled to 30 states to speak with students, teachers and sponsors of the National FFA Organization. The experience was unbelievably exciting, but the most adrenaline-filled part of my entire year was easily the weeks of preparation that went into hosting the 89th National FFA Convention and Expo alongside my fellow national officer teammates.From the perspective of a student watching in the crowd, National FFA Convention looks like a well-oiled machine running smoothly and without a problem. After experiencing a behind the scenes look at convention, I can say with certain that it is well planned and executed! Upon returning home from my national FFA officer year, a question I often heard was, “So what actually happens ‘behind the scenes’ to make the National FFA Convention a success?”The planning process for each National FFA Convention begins a few years in advance, but the bulk of the work begins in the months leading up to convention. Speakers must be chosen, a theme established and sessions need to be planned and timed out down to the very second — and I literally mean the very second. Time management is crucial for convention sessions to run smoothly! With a steady dose of caffeine in hand, my teammates and I spent weeks practicing how to efficiently move people across stage, hand out awards and give speeches without running over time.While on stage during the event, national officers still have constant contact with the staff backstage. Officers wear earpieces to allow the staff to communicate any last minute changes, if an officer needs to move out of the camera view or pick up the pace to keep on schedule. Last year, as I was on stage shaking hands with Honorary Degree Recipients during session four when a voice came through my earpiece telling me to, “shake hands at a quicker pace.”Backstage is a lot calmer than one might expect, mostly due to the many weeks of preparation. (There is even a space filled with comfy couches and beanbags for staff and officers to take a quick break when needed!) Everything backstage is lined out perfectly with signs and arrows for people to follow as they enter and exit the convention stage. Volunteers help ensure students and awards are in the correct order and that any additional needs are met. These volunteers, usually past FFA members, can be found helping to bring props and pedestals on and off the stage, explaining to students what they will do once on stage and keeping track of any guest speakers or attendees. Given that this year the convention will celebrate its 90th year, it’s no surprise that the majority of convention details have been ironed out with precision.The National FFA Convention will be held in Indianapolis until 2024. Bankers Life Fieldhouse, home to the Indiana Pacers basketball team, holds the majority of convention sessions. The only exception is the American Degree Ceremony, which has outgrown the Fieldhouse and is now held in Lucas Oil Stadium, home to the Indiana Colts.The 90th National FFA Convention and Expo will be held on October 25 to 28, 2017. Ohio FFA members will be well represented by 25 proficiency award finalists, 25 agriscience fair team/individual finalists and several CDE teams. Ohio also has two American Star Finalists. Shaun Wenrick, a member of the Anna FFA Chapter, is an American Star in Agribusiness Finalist. Chrysta Beck, of the Pettisville FFA Chapter, will be competing as an American Star in Agriscience Finalist.If you’re unable to attend convention, you can still be a part of the excitement by watching it live on RFDTV. To find session times, visit www.ffa.org/events/convention/schedule.last_img read more

Roadtrip USA is a Visually Engaging Stop Motion Video

first_imgA recent road trip across the US gets turned into a fun stop motion film.   Great images and a high-speed video editing style.Ever wanted to just hit the road and see the country?  Photographer and designer Mike Matas recently did just that, documenting every leg of the journey from San Fransisco to New York city.  The result is a beautiful stop motion video highlighting some of the experiences along the way.The images were shot on a Canon 5D Mark II and edited together in a fast paced visual style (how else are you going to show an entire cross country trip!)  Unlike similar videos that lack a sense of character, it’s quite amazing how each images peresented here stand out in their own right as high quality photographs.  See some of the beautiful stills from the video here.A great watch for any photography or video professional.  It’s hard not to be jealous of such a cool adventure!  Take a peek at 3,000 miles and 5,000 photographs:last_img read more

Muslim youth lynched in West Bengal

first_imgA Muslim youth who was beaten up by a “few of his acquaintances” in Malda district on Friday, died of his injuries later. The incident was reported on Sunday. Sanaullah Sheikh, in his early twenties, was called to the Baishnabnagar market, about a kilometre from his village Chak Meherdi.“He was asked to start a bike so that he could be framed as the one stealing it,” an official told The Hindu. “He was then thrashed by five or six persons, who could be identified from a video,” the official said.Mr. Sheikh used to live with his three children, wife and mother in Chak Meherdi and was “largely unemployed.” Locals alleged that Bappa Ghosh, associated with the Communist Party of India-Marxist [CPI-M] earlier and now attached to the Bharatiya Janata Party [BJP], led the mob.Swadhin Sarkar, Chief Whip of the BJP and Baishnabnagar MLA said that Mr. Ghosh “is associated with the Trinamool Congress.”“In the last election, [Bappa] Ghosh worked with the Trinamool,” he said. Mr. Sarkar claimed that the deceased was suspected of stealing a motorcycle and caught by the locals in the market area. “The beating started and very unfortunately the person died. No Hindu-Muslim colour should be given to it and the culprits should be punished,” he said.Congress MLA from the adjoining Assembly segment Isha Khan Chowdhury and Trinamool’s district president Moazzem Hossain visited the area. Local Trinamool functionary Paritosh Sarkar said the “culprits are not associated with our party.”“It is not a Trinamool-BJP thing but a law and order issue. One person has been arrested on the basis of the video. The rest will also be identified and arrested,” Mr. Paritosh said.last_img read more

Flying V shrugs off elims sweep with bigger task at hand in semis

first_imgLacson: SEA Games fund put in foundation like ‘Napoles case’ The Thunder became only the fourth team in league history to have swept the eliminations after NLEX, which did it twice, and Cagayan Valley.But for Altamirano, the 10-game sweep won’t mean anything if they don’t close the deal and finish the conference with a championship.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsThat title drive begins on Thursday as Flying V faces four-seed Centro Escolar University in a best-of-three semifinals series.Altamirano noted that his team is well aware of how stronger the opposition has gotten, and he is keeping the Thunder’s feet on the ground as they take things one game at a time. Trump signs bills in support of Hong Kong protesters NGCP on security risk: Chinese just technical advisers Pocari thwarts Air Force, returns to PVL Finals MOST READ LATEST STORIES Robredo should’ve resigned as drug czar after lack of trust issue – Panelo Don’t miss out on the latest news and information. NATO’s aging eye in the sky to get a last overhaulcenter_img DILG, PNP back suspension of classes during SEA Games “Other teams are getting stronger as the playoffs get deeper. But we’re not looking beyond that. CEU is also a team-to-beat because they’ve been there lots of times. (Rod) Ebondo has been in the D-League for so long and he has been in Finals. Their core, although school-based, are still very experienced. So we’re just focused on the task at hand,” he said.Luckily, Altamirano will have Conference MVP pacesetter Jeron Teng at his disposal, as he will count on the La Salle prodigy to lead Flying V to the promised land.“Jeron is an achiever. When he puts his mind to it, he will not stop until he gets it. Before, he’s been known as a scorer. But now, he’s trying to evolve the other aspects of his game,” the coach said.But for all of Teng’s magnificence, the veteran mentor reiterated that the 23-year-old swingman can’t do it all alone. That’s why he’s relying equally on his core of Gab Banal, Eric Salamat, Hans Thiele, and Thomas Torres to get the job done.“What I like about Jeron is his ability to involve his teammates. That’s a very good sign of a good player. But of course, he can’t do all of that if not for his teammates so I think Jeron is very blessed to have teammates like Eric, Gab, and Thomas,” he said.ADVERTISEMENT Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games View comments Photo by Tristan Tamayo/INQUIRER.netFlying V coach Eric Altamirano wants his players to forget the elimination round sweep and focus on the new challenge ahead of the 2017 PBA D-League Foundation Cup semifinals. “In our team, we already forgot about the 10-0. We’re back to square one and our focus is what’s in front of us,” he said.ADVERTISEMENT Celebrity chef Gary Rhodes dies at 59 with wife by his side Robredo should’ve resigned as drug czar after lack of trust issue – Panelo “Actually, I’m just blessed to have these type of players that we got. We just remind them to focus on the process and the result will take care of itself.”Sports Related Videospowered by AdSparcRead Nextlast_img read more

Mike Gundy Not Sure Rudolph, Washington Are Ready For NFL

first_imgThere is a lingering uncertainty sort of hovering over the last quarter of this college football season. With the announcement that Marcell Ateman will redshirt and be back next year for a senior season, the question standing between here and OSU potentially being a Big 12 title favorite is, “what if Rudolph and Washington leave?”I don’t think this will happen, and Mike Gundy addressed it on Monday at his press conference. What he said was really intriguing.“We haven’t had very many players here I felt like were ready to enter that level of football as juniors. That’s including Weeden and Blackmon and Russell Okung. Even though they were great players, I didn’t feel like they were ready for what that level can put out there or put in front of those guys. That’s my opinion.“Both of them played as freshmen so they’re still very young. Last night I watched a little bit of the end of that [NFL] game on TV. If you watched that game, that’s a completely different game. It’s not even the same. Those guys are all big, they’re all fast. The windows those quarterbacks have to throw in are so small.“I think both of those young men have great futures in this game, but in my opinion they need to grow and mature. But that’s a decision they have to make with themselves and their family.”Of course this is a reality that directly benefits Mike Gundy. Some people might be saying, “of course that’s what he’s going to say!” But Gundy also mentioned that he thought Brandon Pettigrew was ready. Gundy seems like a pretty straight shooter when it comes to kids’ futures. Maybe he’s not, but I think he’s being honest here.And I think that maybe unlike Dez and Pettigrew, both players could actually use a little more knowledge and a little more seasoning before entering the league. Their stock has been rising all year, though, and could crest as the season ends (which would be perfect). The allure of pro ball might be strong to resist. Though for the the sake of 2017 I sure hope it’s not.Mike Gundy thinks it’d be wise for both Mason Rudolph and James Washington to return to Stillwater for their senior seasons. #OKState pic.twitter.com/9pU3Teknu2— Cayden McFarland (@caydenmc) November 7, 2016 If you’re looking for the comments section, it has moved to our forum, The Chamber. You can go there to comment and holler about these articles, specifically in these threads. You can register for a free account right here and will need one to comment.If you’re wondering why we decided to do this, we wrote about that here. Thank you and cheers!last_img read more

Unhappy BJP to move SC seeking reverifcation of NRC data

first_imgGuwahati: The final list of the National Register of Citizens (NRC) may be out in Assam, but both the central and the state BJP feel that there’s enough room for errors. Hence, the Bharatiya Janata Party (BJP) has decided to move the Supreme Court again to re-verify select data. According to Himanta Biswa Sarma, Assam Finance Minister and BJP’s face in the northeast, the party would move the top court asking for a re-verification of 20 per cent of the sample data in the districts bordering Bangladesh. The BJP will also seek re-verification of 10 per cent of samples from the main land of Assam. This demand will be against the draft NRC. Also Read – Uddhav bats for ‘Sena CM’ The draft NRC gave BJP a surprise when many from the border districts, where the population is dense, made it to the list. It was presumed that majority of them were illegal Bangladeshis. No wonder that the spat between the BJP and Prateek Hajela, the chief coordinator of the NRC, has came out in the open. Sarma, who’s often referred to as the Amit Shah of northeast, had said, “We have lost hope in the present form of the NRC right after the draft. When so many genuine Indians are left out, how can you claim that this document is a red letter for the Assamese society?” Also Read – Farooq demands unconditional release of all detainees in J&K In the final NRC list released on Saturday, the ones left out are mostly Bengali Hindu refugees who had come to Assam before 1971, or people who couldn’t furnish enough documents. Even Assam BJP President Ranjeet Kumar Dass has expressed his discontent over the final NRC List. On Saturday, the final NRC list was released which made 30.1 million people eligible to be included, while leaving out more than 1.9 million. Over 1.9 million people were left out of the much-awaited final NRC list, which named 30.1 million people as Indian citizens.last_img read more