The other G8 leaders would have been forgiven for thinking that Britain had just had a snap election, when earlier this month they received a letter from the 2013 group president. Among the priorities outlined by David Cameron for the forthcoming G8 summit is the need to tackle tax evasion and aggressive tax avoidance, shine a light on the practices of businesses and governments and ensure transparency in the way investors are acquiring and using land and other natural resources.
To those who follow the international development debate closely, a focus on these issues is not such a surprise. They are strands of what David Cameron calls his ‘golden thread’ of development, and it has a distinctively Conservative texture. By dealing with these challenges, along with opening up trade and stimulating private investment, so the argument goes, we will set the foundations needed for strong economic growth, prosperity and, underpinning that, job creation.
However, in a world where one in eight people live with the daily pain of hunger, the global prosperity and growth the Prime Minister seeks will not be realised until this ultimate development challenge is overcome.
Hunger is not just a symptom of poverty; it also has a major causal role. By 2025 nearly a billion young people could face poverty because of the damage done to them now by hunger and malnutrition. The physical and cognitive impacts of childhood malnutrition can lead to a loss of 20 per cent in earnings over a life time and cost economies more than 3 per cent of their annual GDP. This cycle must be broken if we are to ensure economic growth in low income and emerging economies translates into better human development for the poorest.
This is why over 100 British organisations are launching a campaign today to make 2013 the year in which the root causes of hunger and malnutrition are tackled head on. There are unique opportunities to make this happen, including the first G8 under a British presidency since 2005.
Last time the group of eight of the world’s largest economies met on our shores we asked them to help make poverty history by pledging to increase aid and cancel debt. The world has changed since 2005 and so have the solutions to the global problems we face. In the last eight years we have witnessed riots sparked by record commodity prices and hunger crises spanning the African continent – just the most extreme manifestation of a food system, under strain from climate change, a growing population and changing diets, which is close to breaking point. It is a system which allows more than two million children to die each year from malnutrition; that supports targets which means land is used to grow fuel for cars not food for people; enables a few to make billions speculating on and trading in food markets while millions of small farmers struggle to feed their families and within which the operations of notoriously secretive companies and closed governments cannot be held to account.
The G8 alone cannot fix the problem. It is truer now than ever that other countries, including those suffering a high burden of hunger, need a seat round the table. But the G8, led this year by the only country on track to keep its development commitments and with the credibility that entails, can play an important initiating and convening role.
The campaign Enough Food for Everyone, IF is calling on the Prime Minister to use his international leadership role this year to mobilise the resources needed, from donors and developing country governments, to fill the investment gap in lifesaving nutrition interventions and small-scale agriculture. But it is also demanding the structural changes necessary to secure long term benefits from the effective, targeted aid and investment needed now.
The G8 could be the first signatories of a new tax transparency convention ensuring poorer countries can collect the revenues they are due and invest in hunger reduction for their citizens. It can promote open data and budgets so citizens can see how that money is being spent and it can encourage greater transparency in land deals, so it is clear whether acquisition of this precious resource is being used in the best interests of the many not the few.
David Cameron’s golden thread of development needs to weave through a complex world, one in which the group he presides over this year has waning significance. But Britain’s long established leadership on international development presents our Prime Minister with a unique opportunity to ensure that, with others, it does what it can to fix the broken food system. There is a campaign mobilising to hold their feet to the fire. If this opportunity is missed, it is far more than the relevance of this group of eight that’s at stake.