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Newsletter I - January 2008


Spotlight



Spotted by: Angkhana Klongkarn, ISWA, University of Stuttgart

Global Marshall Plan : the state of poor, the gap between north and south, cultural conflict, security and environment issues; these are all problem which ask for an improved and binding global framework that brings the global economy into harmony with environment, society and culture.

The Global Marshall Plan aims at a "World in Balance". This is a matter of an improved global structural framework, sustainable development, the eradication of poverty, environmental protection and equity, altogether resulting in a new global 'economic miracle'.

 

The Global Marshall Plan includes the following five core goals:

 

  • implementation of the globally agreed upon UN Millennium Goals by 2015
  • raising of an additional 100 billion US$ a year required to achieve the Millennium Goals, to enhance worldwide development
  • fair and competitively neutral raising of these necessary resources, also by burdening global transactions
  • gradually establish a worldwide Eco-Social Market Economy with an improved global policy framework through the interlinking of established rules and agreed upon standards for economic, environmental and social issues (WTO, ILO and UNEP standards)
  • new forms of appropriation of funds directed to the grassroots level, while at the same time fighting corruption

 

In order to create a World in Balance a worldwide Eco-Social Market Economy with globally binding social, ecological, and cultural standards is required. The Global Marshall Plan combines a functional and coherent global governance structure with appropriate reforms and intelligent interlinking of UN, WTO, IMF, World Bank and ILO and UNEP standards with the raising of an additional 100 billion US$ a year in order to co-finance development. The enlargement process of the European Union serves as a conceptual model for combining co-financing and the compliance with eco-social standards. This enlargement, however, requires a better financial support than it is the case in the current enlargement round.

In addition to the creation of fair competitive conditions in the agricultural sector and improved North-South cooperation in this sector as well as reasonable methods of debt relieft for the less and least developed countries, the global marshall plan focused on new financial funding sources. They are based on global added value processes and therefore neither strain domestic economies nor distort competition. Possible financing mechanisms are a Terra-Tax on world wide trade, a levy on global financial transactions, trade with equal per capita emission rights, a cerosine tax, or Special Drawing Rights with  the IMF.

 

For more information, please visit  www.globalmarshallplan.org

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