In August 1971, President Richard Nixon, without any international consultations, launched what became known as the Nixon Shock. He broke the link between gold and the US dollar, thereby ending the international monetary system established in 1944.
The report stresses that as the world stares down the possibility of a widespread recession, the urgency for cohesive, multilateral solutions has never been greater.
The commission called for enforcement of the existing rule mandating 33 per cent women’s representation in political parties under the Representation of the People Order. It also proposed institutional reforms within parties to address corruption and create enabling environments for women.
Despite their marginal impact, many of these countries could face tariff rates as high as 50 per cent, such as Lesotho, while Cameroon could face 11 per cent.
The report stresses that as the world stares down the possibility of a widespread recession, the urgency for cohesive, multilateral solutions has never been greater.
The commission called for enforcement of the existing rule mandating 33 per cent women’s representation in political parties under the Representation of the People Order. It also proposed institutional reforms within parties to address corruption and create enabling environments for women.