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tv   Counting the Cost 2018 Ep 4  Al Jazeera  January 28, 2018 6:32am-7:01am +03

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second term now what is he going to do in the next four years we'll hear dress that is inauguration address he talked about on employment finding more jobs for people he talked about cutting poverty those are three things that he really failed to resolve in the first four years in charge. at least fourteen soldiers have been killed at an army camp in mali seventeen others were wounded when the base near timbuktu was targeted the military says it killed seventeen of around thirty attackers and it has reclaimed control of the base it's the worst incident involving mali security forces in more than a year one of the world's richest men has been freed in saudi arabia prince waleed bin talal has been held for two months on corruption allegations he's been released after agreeing to a financial settlement the czech republic's populist president. has been reelected for a second term campaign was based on an anti immigration platform he narrowly defeated
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these pro european rival julie dry horse the pro russian incumbent has been has strong support among rural voters thousands of people from obeying his opposition parties have taken part in anti-government protests in the capital toronto they want the prime minister eddie rama to resign the qs is administrating of having links to corruption and organized crime. those are the headlines let's look at counting the cost now. news has never been. but the message is simplistic and misinformation is rife the listening post provides a critical counterpoint challenging mainstream media narrative at this time on al-jazeera. hello i'm sam is a than this is counting the cost on al-jazeera your weekly look at the world of business and economics this week a problem with davus an exclusive ski resort hosts the rich and powerful to discuss
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making the world a better place but for who. also this week african skies moves are afoot to open up air travel across the continent when they prove a game changer for the region's economy. class slavery see the link between supermarket shrimp and forced labor in one of the world's largest food exports. a tiny town in the swiss mountains has hosted the world economic forum every january for the past forty six years the rich powerful and famous mingle over five days of sessions and networking the stated aim for this annual event improving the world high in the alpine problems of inequality are discussed by some of the planet's richest and most successful leaders of industry at davos men outnumber
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women this year for the very first time there were all female co-chairs to environmental issues are discussed by some of the world's biggest polluters but the feeling on less elevated ground are they truly addressing the need for a more just global economic system the international elites are acutely aware of the widening gap between rich and poor gender inequality and the derating state of the environs. and then nervous about the political fallout the people in this room . are immensely privileged we owe it to society to use this privilege for good we should ask ourselves do we want to live in a world where the wealthy hide in their gated enclaves or those around them struggle or do we want to help create a world grounded in the notion of fairness i might add some money some important questions come to mind which require adequate arthurs for the kind of
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world we want to leave the generation which is the global order widening missed out lines is it increasing these differences what are the powers that give reference to isolationism and opposed to harmony which give reference to conflicts over cooperation in. indian prime minister narendra modi there who opened this year's event u.s. president donald trump was the closing speaker our diplomatic editor james bays has more on why donald trump went to the. president trump clearly decided to perform the role of salesman in chief when he addressed the global elite here or so this was a pretty conventional speech in which he talked about the achievements he says they have been in the last year and the priorities for the trumpet ministration talking about cutting bureaucracy saying for every one new regulation that his administration has introduced twenty one regulations have been got rid of and an
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old by this administration he made it clear that the u.s. is open for investment. i'm here to deliver a simple message there has never been a better time to hire to build to invest and to grow in the united states america is open for business and we are competitive once again in recent days there's been criticism of president trumpet his administration for introducing new terrorists what some would say is protectionism on solar panels and on washing machines but in this speech he made a plea for free trade but he said all countries need to play fair we cannot have free and open trade if some countries exploit the system at the expense of others this speech i think will be seen as a success by the white house in fact as they left the secretary of state rex tillerson and the treasury secretary steven munition both told out zero it was an
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excellent speech how will it be received here by those that come every year to davos one person who does that and has been to davos very many times said that people here like to hear concrete announcements this person quoted president macross saying that he would stop all coal powered power stations by the year twenty twenty one there were no such announcements in donald trump's speech the veteran go of dove or said to me what people would not be impressed with was mar-a lago happy talk it's for you to decide whether that's what was delivered here james pays for counting the cost in davos well joining us from glasgow is gregor irwin gregor is a chief economist at the global council good to have you with us so the stated goal of davus is to make the world a better place but first greg the davus elite really looking out for the interests
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of all. well i think it's an open question about exactly whose interests they're looking out for but but issues around inequality how the benefits of globalization . is going to benefit from new technologies digitalisation of the economy these are all issues that are being debated actively in davos this week but is it looking good when you have for example the i.m.f. saying we're going to have in twenty eighteen perhaps the best global economic growth in a decade and at the same time you've got an organization like oxfam that saying now you have forty two individuals holding as much wealth as three point seven billion to make up the poorest half of the world's population that doesn't bode a good economic future for the world doesn't that it's a very stark contrast and absolutely for sure it's a problem for people at davos it's all also a problem for policymakers we could think you've got to you could have you get it
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through different levels there's partly this question of inequality between countries and one of the things that we've seen happen over the past decade two decades has been a not knowing of inequality between countries as emerging countries drawn faster and the prospects for faster growth in countries like india are looking very good just this week in davos we had their own dream already saying that he wants to double the size of the indian economy between no twenty twenty five it's a huge ambition but also at the same time you've got inequality within countries and that's where the record is is much less we've got very real difficult to erode inequality in countries like the united states but you also see it in europe and increasingly you see it in american countries including in india is it fair to say that the global economic system is not working for all of the reasons you just mentioned there. well it's certainly working for some it's certainly also
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delivering and has delivered over the past ten years an improvement in the living standards of many people in putting many people in the poorest countries but there are real questions about just how widely shared the benefits are we are seeing not just the concentration of incomes in among richer people but also wealth wealth inequality is perhaps more important than income inequality that's tied in with this question of monetary policy low interest rates and a low interest rate world asset prices become much higher much more inflated and that boosts the wealth of the wealthiest and that's one of the reasons why we know see wealth concentrated in such a small group of people many of whom are in davos this week what should do you think dabbles be promoting in order to overcome some of the challenges that we see on the global economic landscape. well look i think on this question of income inequality one issue that people are diverse will need to consider is executive pay
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just whether executive pay really is grounded in reality whether pay differentials between the leaders of corporations and many of the people that work for those corporations are no justifiable so i think that is an issue for people at davos and beyond that i think when you look at new technologies when you look at the prospects for digitalisation for artificial intelligence the impact that they will have on the economies of the future you know we're seeing new technologies becoming mainstream though beginning to become mainstream super the start of a process here that's going to open up a whole new set of issues around disruption to jobs and b. tension we will widen some of the inequalities that we've seen in recent years or i will leave it there for now thanks for talking to us thank you very much. china and south korea have condemned the u.s. decision to impose state tariffs on imported solar cells and washing machines
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adrian brown has the details from beijing or china have been anticipating these terrorists because of course president trump has been talking a lot about this during the past few months now these tariffs are going to be phased in gradually over the coming weeks and months so it's not going to happen immediately china is warning that of course washing machines made by china solar panels made by china are going to be much more expensive for u.s. consumers it's also saying that what the united states is doing is a misuse of trade laws but i think china is paying much more attention to an investigation the president from ordered last year under section three or one of the u.s. trade act now specifically this investigation has been looking at chinese intellectual property practices areas like telecoms and also semiconductors now if president trump is to impose tariffs on these sectors then that could hurt china because
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these exports are worth billions of dollars to china much more valuable than the washing machine or solar industry and i think what experts are saying is that what we may be seeing possibly are the opening shots in a trade war but what is more likely is increased trade friction between these two countries in the weeks and months ahead neither country can afford to have a trade war because of course china has so many investments in the united states and the u.s. is a major investor here in china boeing starbucks general motors these are two economies that are mutually dependent on one another and cannot afford to have a full blown trade war right now so those experts still to come on counting the cost i'm sorry plant in hong kong coming up why the city famous for its neon signs and glittering skyline may be under pressure to do the lives and switched off. now fresh accusations migrant workers are still being abused in the thai fishing
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industry for years after their appalling working conditions made headlines human rights watch says government reforms to address trafficking and forced labor have been largely ineffective victoria gates in the reports. the. seafood caught in thailand's winters ends up in markets all around the world. but in twenty fourteen the industry was badly damaged by accusations that many of its workers were victims of trafficking and forced labor. for years on and human rights watch says the situation is as bad as ever despite government promises to clean up the industry after three years it is unbelievable got people inspection has not been able to identify a single case of forced labor at all the bottom line is many fishermen still work long hours with little pay fares abuses from captain and to escape from the dilemma . the thai fishing industry depends on low skilled migrant workers from neighboring
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countries many of them continue to be trafficked across the border and sold on to fishing boats despite being promised other jobs on land they complain of being forced to work through violence or intimidation of physical and mental abuse and of a struggle to get paid. so i thought about running away from the boat but if i try to escape they'd pay people to hunt me down it beat me up and smash my head and so many injured back to the boat industry leaders say that's not a picture they recognise and that all migrant workers have their rights respected. poor poor i mean they are the consumers of america and europe can eat our seafood every think is fine every problem has been fixed by the current government the butts are correct and the workers are correct there is no more forced labor. international pressure. from outraged consumers led to the introduction of reforms to protect micro workers but without effective enforcement the thai fishing
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industry continues to be a big but one that also comes at a significant human cost. thailand exports one point eight million tons of seafood annually and is one of the top five global exporters of shrimp seafood from thailand ends up in supermarket frozen aisles and even as canned pet food the three biggest markets for thai seafood are the u.s. japan and the european union but trafficking persists on thai fishing boats and the seafood on your plate and in your sushi could still be fish by what's being called slaves as a result there are calls for seafood companies and supermarkets to take more responsibility for approving supply chains are free from rights abuses while multinational companies say they investigate allegations of abuse in their supply chains they rarely share negative findings it's about to get easier for almost
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seven hundred million africans to travel by air in the continent the idea of a single african ad transport market was first put forward at the african union some thirty years ago well it's now finally being launched it's one of the pan african agenda twenty sixty three flagship projects the plan aims to use our transportation as an engine for economic growth tanya page has more. ethiopian airlines is spreading its wings across africa buying parts of other country's national carriers the expansion is expected to be boosted by the african union's launch of a single is space during at summit in edison this week mark butler who runs the african diaspora forum in south africa he's originally from ivory coast and constantly traveled complaints flying in africa. are when.
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but to get burns on your have to create a different flight and i could not believe. when i fly to france after ten hours this is. i live in france i'm in another continent africans often have to fly to european cities as transit stops first before flying on to african countries journeys that should last hours sometimes take days not only does time consuming and expensive air travel keep families apart but it hinders economic development easier travel will help africans do business with each other another important priority for the african union. prosper is the chairman of the pan african business forum the entrepreneur runs a charter flight company to help business people get around the lack of direct routes as well as liberalizing air space for african airlines he says the
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a you should be charging international carriers more to fly in africa africa as this is all is this where everybody come and do whatever he wanted you can't do that in the u.s. you can't do that in europe but you can come to africa you can fly in and put up anywhere. to get into that there's billions the airlines association of southern africa says a single airspace could provide a major boost to the continental airlines if you look at the whole question of international aviation into africa eighty to eighty two percent of the passengers are carried by international airlines and the eighteen percent is owned by african airlines so there's a huge disparity between. the united nations says up to the year twenty fifty more than half of the world's population growth will be in africa or the launch of a single ear space is a step closer to meeting their travel needs and aspirations. joining us from london now is charles robertson. charles is the global chief economist at renaissance
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capital all run cap he's also the lead author of the book the fastest billion the story behind africa's economic revolution good to have you with us so let's start with this open skies agreement what sort of a boost would that give the continent's economy i think is a nice sick know about integration in africa i don't think it's going to make much of a difference going to help those of us who are traveling around the continent and don't want to be flying back to amsterdam paris or london to go from country to country but in terms of economic boost it's not going to affect our forecasts at all or hang on you said it won't help with the travel connections inside the continent how would that change given the majority of the market up to eighty percent of passenger travel is dominated by foreign carriers that there's an opportunity there for carriers to be growing and have been growing ethiopian airlines kenya airways they're all doing into continent travel within the continent and it would make it
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easier with an open skies agreement that has already been some expansion of those airlines in west africa much more problematic you haven't seen anything like that developed out of nigeria and again maybe the open skies will make a small difference. will it not impact as the promoters of the plan say things like trade in the movement of goods and services i doubt it what would be more helpful would be the free trade arrangement within africa other some still hope to achieve in the long run that might make more of a difference in our view or in my view the most important trade growth is going to come from selling to the rest of the world it's hard to design a developed it's how japan developed that's more important in the long run what will come to the c.f. t a's i think it's called in a minute but let's talk about corruption that's another big theme at the a you summit it's a big obstacle to economic growth. this is some is being held under the slogan of
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fighting corruption finding that sustainable path to make that transition do you have any more optimistic expectations of what the summit could do to try and find a sustainable way to fight corruption not much i think the strongest link on transparency international's corruption score as with any other indicator is with per capita g.d.p. rich countries on average have a corruption score of seventy seven out of one hundred that's pretty good. countries with an income below two and a half thousand dollars per capita g.d.p. have an average score of twenty eight out of one hundred and the big leap happens at about the thirty thousand dollars mark of per capita g.d.p. no country in africa has g.d.p. that high it's where career is now and you're seeing presidential change in career because it's reached that income level because the middle class is that strong that it will make a difference you can't make that much of
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a difference in low income countries there's more urgent priorities for everybody than dealing with corruption but i want to make though of the argument that says that yes there may be more urgent priorities for governments on the national level maybe people. hands are tied but the idea of activating that two thousand and six african union convention on corruption activating that advisory board which was created so that it can sort of sit on top of corruption cases on the national level too far fetched. there's no harm in going in trying to push against corruption it's not helpful i agree with the african union in their goal and ambition i just think it's unrealistic to assume a dramatic rise in corruption scores i have a better performance against it for most countries you get some rare exceptions rwanda has a score of fifty four out of one hundred which is double the average of countries that it's income level but it's a it's
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a very small country it's very well organized and dominated by a strong president that's not normal and more normal is to assume not a great deal of change on the corruption side of this so talk a little bit about that continental free trade area you think negotiations will be wrapped up in this summit. has got to be very quick progress on this for many many years but it's not a bad goal and it's something which you would hope the african union would be well placed to try and make progress on again i still think that it's straight to the rest of the world which will be more important that's where the wealth is we've got over a billion people in africa as you know but in terms of global g.d.p. it's about two percent or so ninety eight percent of the world's wealth is outside of africa and that's what tapping into that exporting to wealth is what will bring manufacturing industrialization and so on to africa and much stronger growth rates
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good talking to charles thanks for coming and finally hong kong may be famous for its bright neon signs and glittering skyline but it's also earned the title of one of the worst cities in the world for like pollution now many residents are calling for authorities to flick that off switch on those infamous lights sarah clarke reports from hong kong. where the sun sits in home home the city skyline comes alive billboards and neon lights aluminite the crowded streets. the glow from the densely packed skyscrapers is one of the city's mind attraction it's only got the lights were so on. and. so nice but this appreciation is not shared by everyone in hong kong last year the government reported a record number of complaints the curtains may be drawn but residents argue the glare outside is hard to a skype we receive some complaints about the light pollution they get in the sauna
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or they have. to stop us from the light outside the building to. their home scientists at the university of hong kong spent eighteen months studying levels of light pollution collecting more than five million measurements i found hong kong one of the world's worst offenders the lights pollution condition in hong kong was extremely severe in particular in the urban regions you know the lights night sky brightness which is what we measure is on average a few hundred times over the level off that night sky without light pollution in cities such as seoul london shanghai i'm sorry billboard lighting and signage is regulated and there are penalties for more but in hong kong there are no laws a voluntary charging card just businesses to switch off between eleven pm and seven am the critics say it's not enough to make
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a difference. the government says four thousand eight hundred properties have signed up to the charges so far and it's satisfied that it's working we are doing our utmost to address this puppy concerned we are we attach importance to the voting to extend the life and is taking effect if but not everyone is convinced and some residents a tie get upon themselves to act so each outlet or campaign to have a commercial building switch off after midnight she won but she. the lights to eventually turn back on i know that the building has passed cite the charter of s. turn on logic but just charter of eternal life there is no one is is his father terry at this time and a theory for now it seems hong kong's bright lights will continue to shine and that's our show for this week but remember you can get in touch with us via twitter use the hash tag a j c t c when you do or drop us an e-mail counting the
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cost of al-jazeera dot net is our address there's more for you on line to al-jazeera dot com slash c t c take you straight to our page which has individual reports links and the entire episodes for you to catch up on. that set for this edition of counting the cost i'm sammy's a than from the whole team here thanks for joining us news and al-jazeera is next. and. if you look the arrival of refugees is debated and european parliament's. but the journey itself is little understood with. two syrians document the route that has claimed so many lives such info sanctuary to people in power at this time on al-jazeera. explores prominent figures of the
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