Good morning, this is Paula. A week after US forces removed Venezuelan president Nicolás Maduro from Caracas, a member of the opposition’s international policy team tells us that any steps his successors take may just be part of a playbook to stay in power.
Economists will meet at the Palais to try to fix a faulty indicator, the GDP. And will global digital access to the League of Nations' archives change how we understand the history of multilateralism? |
Venezuelan opposition leader Maria Corina Machado attends a protest against the official results of the 28 July presidential elections in Caracas, Venezuela, 3 August 2024. (Keystone/EPA/Henry Chirinos)
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🛠️WHEN GDP DOESN’T ADD UP.
A UN-appointed high-level expert group will meet for the second time this Thursday and Friday at the Palais des Nations. The group has been tasked with fixing what many economists now admit is a blunt tool – gross domestic product.
World Bank’s former chief economist Kaushik Basu, inequality specialist Nora Lustig, Nobel laureate Joseph E. Stiglitz and Indonesia’s former trade minister Mari Pangestu are among the 16 experts tackling “over-reliance and the limits” of GDP in tracking progress towards the 2030 sustainable development goals.
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Reality check.
GDP is an excellent speedometer for economic activity, but a poor dashboard for how a society is doing. It can’t tell if people are safe, healthy, educated or happy.
In a report published in November, the experts exposed some of its blind spots, like unpaid housework, the digital boom, environmental degradation and the well-being of future generations.
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The fix.
They are proposing a “universal framework” built around three pillars – well-being, equity and inclusion, and sustainability. Rather than starting from scratch, they are seeking inspiration from existing initiatives from New Zealand’s well-being budgets to Bhutan’s Gross National Happiness framework.
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The hurdle.
Designing better metrics may be the easy part. The hardest bit will be convincing economic growth hardliners – at a time when the leader of the world’s biggest economy is at war with sustainable development goals.
The group is expected to present its final report to the General Assembly in September, but before then, they’ll brief chief statisticians and member states on their work this afternoon.
— Michelle Langrand
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The League of Nations archive reading room will, of course, remain open to researchers. But putting the collection online is expanding research possibilities worldwide. (Mark Henley/Panos Pictures for Le Temps)
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Also on the agenda
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📌 14 January | 10 crises: 2026 year in view.
Speakers, including UN special rapporteur on Palestine Francesca Albanese and David Harland, the Centre for Humanitarian Dialogue’s executive director, will review an annual start-of-the-year list of crises to watch this year, alongside The New Humanitarian’s CEO Tammam Aloudat.
TNH (EN)
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📌 16 January | Philippe Lazzarini.
At this lunch debate, the head of the UN agency for Palestinian refugees will discuss the humanitarian crisis in the Occupied Palestinian Territories and the challenges UNRWA faces, weeks after the Israeli parliament passed a law stripping it of diplomatic immunity.
Forum Suisse de Politique Internationale (EN)
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For more events, visit the Genève Internationale website.
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