The term crisis implies a short lived period of uncertainty - suggesting there is something temporary or anomalous about the current state of the global economy. On the contrary, our global economy, from the financial clouds (or bubbles) to the real roots - where men and women work, live and survive - is suffering from systemic flaws based on an ever expanding void between rich and poor.
Northern African countries are key suppliers of natural resources to the global economy, from large- scale oil and gas extraction in Algeria and Tunisia, to phosphate mining in Tunisia and Morocco, to water-intensive agribusiness paired with tourism in Morocco and Tunisia. The commodification of nature and privatisation of resources entailed in these projects has led to serious environmental damages, and forced these countries into a subservient position in the global economy, sustaining and deepening global inequalities.
Violations of human rights and the rights of peoples and nature have become an all too common part of transnational corporations’ operations. There are no binding rules for corporations on Human Rights at the international level. That’s why again this year, in coordination with the Treaty Alliance, the Global Campaign is returning to Geneva to advocate directly to UN member states to engage in a process to create a treaty, and to ensure they hear the voices of communities impacted by corporate violations loud and clear. Inside and Outside the UN dozens of delegates from social movements and civil society networks worldwide will participate in the Week of Peoples Mobilisation.
In today's world transnational corporations (TNCs) have asserted themselves as global entities, which exercise their power without any accountability that matches their economic and political influence. The panelists will assess the impact of a 2014 UNHRC initiative that would bind TNCs in terms of human rights and explore alternatives to the current neoliberal system of corporate impunity.