VIENNA (AP) – Criminality worldwide generates proceeds in the trillions of dollars each year, making crime one of the world's "top 20 economies," a senior U.N. official said Monday. With the scope of global crime — and particularly organized crime — threatening emerging economies and fomenting international instability, Yury Fedotov called for concerted world action to combat the trend.
A new World Bank report concludes that just a few key policies would boost the global economy up to $2.6 trillion a year by 2030 while significantly reducing carbon emissions. The post World Bank: Fighting Climate Change Would Boost... Read Post
For a system that moves half a trillion dollars around the globe each year, remittances are remarkably primitive. The person–to–person (and usually relative–to–relative) cross–border transfers require large fees (9% on average, acco... Read Post