SUSTAINABILITY & ESG MARKETS
The advent of industrialization has seen a massive shift of people from the countryside and villages to urban environments. Per a UN report, a…
INTRODUCTION In today’s world, sustainable development is no longer…
Сentral Asia is experiencing a new stage of development. Historically,…
We wrote about the economically unequal position of women and the gender wage gap in the February issue, stating that this is a topical issue for all countries, both developed and developing. The issue of equal gender participation in the political decision-making process is even more acute. Historically, women have always been outsiders in the political arena, and until the 20th century they did not have the legal right to vote. Women began to gradually make inroads into politics once they won suffrage rights. At least three women always appear in rankings of outstanding political figures from the 20th century: Indira Gandhi, Margaret Thatcher, and Benazir Bhutto. But in the perception of many, female heads of state are still the exception to the rule.
To this day, the Arctic remains the most pristine, untouched piece of the Earth where there are a vast number of natural resources, oil and gas among them. Those claiming a piece of the “Arctic pie” have already accumulated quite a large portion and don’t just include bordering countries, but even such powers as India and China. As their economies grow, so do their energy needs, and Beijing and New Delhi are searching for a way to the heart of the Arctic.
In May 2013, the two largest Asian powers, India and China, gained observer status in the Arctic Council (AC). Officially, the AC is an international organization dedicated to monitoring and protection of the polar zone. There are 8 full members of the AC: Finland, Denmark, Norway, Iceland, Canada, the U.S., Sweden, and Russia. Unofficially, the AC is a format for international dialogue about the future status of the Arctic, a region rich in natural resources, particularly oil and gas.
According to the U.S. Geological Survey, 13% of the world’s unexplored oil reserved are concentrated in the Arctic North, or about 160 billion barrels. For comparison’s sake, the most optimistic reserves estimate for oil-rich Saudi Arabia is 44 billion barrels and for Russia is 25 billion. The Arctic also has up to 30% of the world’s natural gas reserves.
On the future of EU-Russia energy relations WEJ spoke with Jack D. Sharples, expert on the EU-Russia energy relations and a lecturer at the European University at Saint-Petersburg.
Dear Mr. Sharples, how would you assess the current state of EU-Russia trade relations – who is more dependent on whom?
Currently mineral products (mainly oil and gas) account for around 71 percent of Russia’s exports. Taxation oil and gas production and export contributes around 50 percent of the Russian federal budget. The EU is the main export market for Russian oil and gas. According to Gazprom Export, in 2013, Russia exported 133 bcm of natural gas to the EU. This is 68 percent of Russia’s total pipeline gas exports. According to the latest figures from Eurostat, in 2012 Russia exported 170 million tonnes of crude oil to the EU – some 71 percent of Russia’s total crude oil exports of 240m tonnes in 2012. So clearly, oil and gas exports to the EU are important for Russia.
By the end of 2013, the BRICS countries received more than 20% of total FDI globally; twice as much as in pre-crisis years. This group of countries has thus shown that they are still of interest to investors and are cooperating to develop investment activity. $322 billion was invested in these five countries, which is 21% higher than a year earlier. In terms of total FDI, South Africa stands much lower than the others, even though there was a 126% increase. Though FDI in Brazil is high, it fell 4% last year.
Though no country has yet to achieve absolute gender equality, in 2013 the closest were the Northern European nations. These findings come from the Global Gender Gap Index, published annually by the World Economic Forum. What is the secret to success for the Northern European countries, and who got an “F” this year?
The Global Gender Gap Index 2013 from the World Economic Forum included 136 countries, whose combined population accounts for 93% of the global population. The index was designed to assess gender differences in countries regardless of their level of development, in a way that would yield objective results. Assessing gender inequality is measured in four key areas, where each country is ranked from one (equality) to zero (inequality) and then is given an overall score, which is a percentage of how much the country has managed to close its gender gap. The first area assessed by WEF analysts is the economic participation and opportunity of women, which is measured using criteria such as gender wage equality, female labor force participation, and the ratio of women in high-paying professions. Globally, inequality in this indicator is quite noticeable, with only 60% of the gap closed. An even wider gap can be seen in the second area of the ranking, women’s political rights and opportunities (gap closed by 21%), though that figure has risen 2% from last year. But the gaps in education and health on a global level are hardly noticeable and nearly closed at 93% and 97%, respectively. Furthermore, 25 countries earned the designation of completely equal in education. Overall, since the index was first published in 2006, 80% of the countries have made progress towards equality.
It’s interesting that in the eight years the index has been compiled, the most progress towards closing the gender gap was achieved by Latin American countries: Nicaragua improved by 17.4% since 2006, Bolivia by 16.9%, and Ecuador by 14.9%.
By the end of 2014, all of Syria’s chemical weapons and production facilities must be destroyed. Over the next several weeks through the end of March, the most dangerous and toxic elements of Syria’s arsenal will be disposed of. No chemical components should remain by mid-summer and by the end of the year all production and delivery systems will be gone. Ten governments are directly involved in the operations to eliminate Syria’s chemical weapons and dozens more are financing the OPCW and the commercial destruction of components. It’s impossible to determine total costs to date, but the scale is quite impressive.
“One of the lessons of the Cold War is that when things fall apart in a country with weapons of mass destruction, some outside assistance is necessary to secure materials, technology, and people,” said Sharon Squassoni, Director and Senior Fellow for the Proliferation Prevention Program at the Center for Strategic & International Studies, in a conversation with WEJ. She described the active participation of a wide coalition of countries involved in the destruction of Syria’s chemical weapons.
Back in August 2013, the world’s most eminent analysts weighed the option of U.S. and NATO military intervention in Syrian affairs under the pretext of Assad using chemical weapons against rebels and civilians. But as a result of a diplomatic compromise and the direct participation of the Russian Foreign Ministry, the parties managed to agree on a plan at the end of last August to destroy all chemical weapons and production facilities inside Syria.
New publications
In January 2025 President Trump’s inauguration took place. This is now Trump’s second term as…
Top Trending
In January 2025 President Trump’s inauguration took place. This is now Trump’s…
Central Asia is rapidly gaining strategic importance for international investors. From a…
BRICS 250: The Companies Shaping the Future of Sustainable Growth In…