The annual convening of the United Nations General Assembly (UNGA) is the supreme moment for multilateralists. It is happening in New York under a cloud of doubt: is multilateralism finished?
Yes, say those pointing towards the sorry state of a world of endless conflicts, egregious humanitarian transgressions and war crimes. As well as to rising poverty, hunger, and disease. Countries are slipping behind with their Sustainable Development Goals. Then there are the issues of accelerating climate change, disasters and record population displacements.
Did we not hold many conferences committing to work together for a safer and better world, leaving no one behind? Why is multilateralism failing to deliver on its high ideals?
There are complex reasons, not least the challenge of persuading diverse self-interests to give way for the common good. Especially in the context of globalisation, which has benefitted the world enormously but also created losers.
Disappointment with multilateralism inevitably translates into discontent with the UN because they are so intertwined. Take UNGA, for example. This is the world’s only inclusive body where all states – small and large, rich and poor, democratic and authoritarian – get equal say. But its decisions are neither binding nor enforceable. UN-style multilateralism is, therefore, optional. This is hardly surprising as its biggest article of faith centres on the sovereignty of individual states who may choose if, how and when to co-operate with others.
The voluntary approach to pulling the world together was sufficient in the aftermath of the UN’s formation from the rubble of the Second World War. There were only 51 state actors at the first UNGA in 1946. The western victors defined the new world order, dictated its legal, economic, and security terms, and obliged others to follow.
Although this was contested by many wars of decolonisation and the Cold War, the victors and losers were both keen to get on the same bandwagon. Better late than never, as they rushed to capture their fair share of resources while competing to mould the world towards their own interests.
Clashes of ideas and ideologies were inevitable as the global community quadrupled to 193 quarrelsome states and their population exceeded 8 billion noisy people. They have differing perspectives on the momentous questions of our age – be they democracy and development, or war and peace. They cannot be resolved by one-size-fits-all solutions.
Yet, that is the mantra of UN multilateralism, which is constitutionally inclined towards universalist prescriptions. These require everyone to weigh-in on all issues. To obtain consensus entails so many compromises that conclusions are either embarrassingly anodyne or, if taken by majority, leave us more divided than we were.
The consequent erosion of UN credibility is compounded in other UN forums such as the Human Rights Council, and governing bodies of specialised and humanitarian agencies. Their painstakingly negotiated resolutions on important topics are often disregarded because they are inadequate for the challenges at hand, even if there were the means to enforce them.
The problems were evident from the earliest days of the UN. So, the World Bank Group and International Monetary Fund emerged in the 1940s and the 2000s brought the Global Fund to Fight Aids, Tuberculosis and Malaria, and the Global Vaccine Alliance.
Unlike the UN, they receive hefty financial endowments to ensure functional independence. Arguably, they deliver better results than mainstream UN agencies, even if they are not so inclusive or beloved of nations who cannot control them in the same way.
The UN should not be dismayed if it is no longer the exclusive centre for multilateral dialogue and co-operation
The quest for effective multilateralism has continued to shift out of the UN through creating influential interstate fora such as the G7, G20, Brics, and regional groupings such as the European and African Unions, League of Arab States, Organisation of Islamic Co-operation, the Commonwealth, La Francophonie, Nato, the Quad alliance and others.
There are bespoke multilateral alliances on numerous matters even beyond them, for example, those to reverse desertification, control trade in endangered species, expand solar energy, curb human trafficking and prevent specific diseases.
Today’s states typically belong to several multilateral groupings. But they may not take consistent positions in them. That is either an unhelpful fragmentation of multilateralism or, conversely, provides flexibility of policies that are more relevant to specific issues and contexts.
Neither is it necessary for productive multilateralism to be government-centred. There is a welcome growth around humanitarian networks, exemplified momentously by the 191 National Societies that constitute the International Federation of Red Cross and Red Crescent. Countless professional and research associations – in medicine, climate science, engineering, and so on – exist to share knowledge and expertise to benefit humanity.
That countries are selecting their co-operation forums reflects on their increased maturity. Competition between forums is not unhelpful if it allows better and creative ideas to emerge or drive greater effectiveness and efficiency.
Therefore, the UN should not be dismayed if it is no longer the exclusive centre for multilateral dialogue and co-operation.
It will always be indispensable for gauging world opinion, including expressing solidarity or censure. It will always provide legitimacy for setting core norms for a decent world such as for gender rights or prohibiting torture, for example. Its professional agencies will remain essential for establishing standards such as the treatment of tuberculosis or regulating Artificial Intelligence. UN agencies are also the trusted repository for data from member states, such as on literacy levels or water availability. They produce objective analyses to benchmark progress, generate early warnings of crises and recommend evidence-based approaches.
Beyond that, the UN must let selective groupings deliver on global aspirations or to solve their neighbourhood problems. Top-down global diktats, such as on sanctions or peacekeeping from the Security Council, even if this is reformed to become more representative, will remain ineffective. Relying on the vagaries of big powers to bring stability and prosperity is also undesirable because of the clientelism and distortion generated.
Thus, despite the rhetoric of our increasing inter-connectedness and inter-dependence, only truly existential matters should require global multilateral attention. Countering climate change is one as well as nipping potential pandemics in the bud. Reversing wars of aggression under Article 39 of the UN Charter and the Genocide Convention’s requirement on all nations to suppress and punish that heinous act are other universal obligations. Unfortunately, not all countries are good at them.
There are few other issues requiring global interference and the UN should keep its capacity and credibility reserved for new world-level challenges when they arise, which they will.
Meanwhile, solutions for other problems are most effective when devised and implemented closest to where they are encountered. That requires nations taking responsibility for their own issues. Where that requires cross-border collaboration, the minimum necessary stakeholders should be involved to avoid paralysis by the many who may have strong opinions but no useful role to play.
For example, the vicious wars in Sudan, Ukraine and Palestine will settle only when their directly involved external stakeholders act, regardless of numerous UNGA and Security Council resolutions.
Geographically confined problems elevated to the global level may alleviate suffering by allowing the voices of the oppressed to travel farther and garner moral sympathy and even some help. But it can make underlying issues harder to tackle because of the entrenchment of polarised positions that usually accompanies global debate. This paradoxically means that a problem shared too widely becomes a problem doubled, not halved.
Multilateralism is not finished. It is getting smarter as nations select the best routes for collaboration and co-operation according to requirements. Not everyone must be involved in everything, everywhere. That is good for a multiply challenged planet where there is enough to do for all – at the level that is right for each of them.
South and West: From a Notebook
Joan Didion
Fourth Estate
Andor
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Managing the separation process
- Choose your nursery carefully in the first place
- Relax – and hopefully your child will follow suit
- Inform the staff in advance of your child’s likes and dislikes.
- If you need some extra time to talk to the teachers, make an appointment a few days in advance, rather than attempting to chat on your child’s first day
- The longer you stay, the more upset your child will become. As difficult as it is, walk away. Say a proper goodbye and reassure your child that you will be back
- Be patient. Your child might love it one day and hate it the next
- Stick at it. Don’t give up after the first day or week. It takes time for children to settle into a new routine.And, finally, don’t feel guilty.
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.
Sheer grandeur
The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.
A clear distinction between the residences and the Raffles hotel with the amenities operated separately.
Bio
Born in Dubai in 1994
Her father is a retired Emirati police officer and her mother is originally from Kuwait
She Graduated from the American University of Sharjah in 2015 and is currently working on her Masters in Communication from the University of Sharjah.
Her favourite film is Pacific Rim, directed by Guillermo del Toro
Hotel Silence
Auður Ava Ólafsdóttir
Pushkin Press
ICC men's cricketer of the year
2004 - Rahul Dravid (IND) ; 2005 - Jacques Kallis (SA) and Andrew Flintoff (ENG); 2006 - Ricky Ponting (AUS); 2007 - Ricky Ponting; 2008 - Shivnarine Chanderpaul (WI); 2009 - Mitchell Johnson (AUS); 2010 - Sachin Tendulkar (IND); 2011 - Jonathan Trott (ENG); 2012 - Kumar Sangakkara (SL); 2013 - Michael Clarke (AUS); 2014 - Mitchell Johnson; 2015 - Steve Smith (AUS); 2016 - Ravichandran Ashwin (IND); 2017 - Virat Kohli (IND); 2018 - Virat Kohli; 2019 - Ben Stokes (ENG); 2021 - Shaheen Afridi
The biog
Name: Younis Al Balooshi
Nationality: Emirati
Education: Doctorate degree in forensic medicine at the University of Bonn
Hobbies: Drawing and reading books about graphic design
UAE currency: the story behind the money in your pockets
Coffee: black death or elixir of life?
It is among the greatest health debates of our time; splashed across newspapers with contradicting headlines - is coffee good for you or not?
Depending on what you read, it is either a cancer-causing, sleep-depriving, stomach ulcer-inducing black death or the secret to long life, cutting the chance of stroke, diabetes and cancer.
The latest research - a study of 8,412 people across the UK who each underwent an MRI heart scan - is intended to put to bed (caffeine allowing) conflicting reports of the pros and cons of consumption.
The study, funded by the British Heart Foundation, contradicted previous findings that it stiffens arteries, putting pressure on the heart and increasing the likelihood of a heart attack or stroke, leading to warnings to cut down.
Numerous studies have recognised the benefits of coffee in cutting oral and esophageal cancer, the risk of a stroke and cirrhosis of the liver.
The benefits are often linked to biologically active compounds including caffeine, flavonoids, lignans, and other polyphenols, which benefit the body. These and othetr coffee compounds regulate genes involved in DNA repair, have anti-inflammatory properties and are associated with lower risk of insulin resistance, which is linked to type-2 diabetes.
But as doctors warn, too much of anything is inadvisable. The British Heart Foundation found the heaviest coffee drinkers in the study were most likely to be men who smoked and drank alcohol regularly.
Excessive amounts of coffee also unsettle the stomach causing or contributing to stomach ulcers. It also stains the teeth over time, hampers absorption of minerals and vitamins like zinc and iron.
It also raises blood pressure, which is largely problematic for people with existing conditions.
So the heaviest drinkers of the black stuff - some in the study had up to 25 cups per day - may want to rein it in.
Rory Reynolds
Dubai Creek Open in numbers
- The Dubai Creek Open is the 10th tournament on this year's Mena Tour
- It is the first of five events before the season-concluding Mena Tour Championship
- This week's field comprises 120 players, 21 of which are amateurs
- 15 previous Mena Tour winners are competing at Dubai Creek Golf and Yacht Club
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Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
More from Rashmee Roshan Lall
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Polarised public
31% in UK say BBC is biased to left-wing views
19% in UK say BBC is biased to right-wing views
19% in UK say BBC is not biased at all
Source: YouGov