Upcoming Events

The Banking 2020 Conference of the World Economic Union registration is NOW OPEN. You are cordially invited to join us at the Banking 2020 conference in Chicago at University Center.

Banking 2020 Conference at World Economic Union:

Defending healthy international trade relations and regulations.

Banking 2020 Conference Announces Primary Economic Sponsor:

World Council For Growth (WCFG) signs as Banking 2020 sponsor.

Economic Conference
World Economic Union Award
Left: Our ambassadors answer questions from the international press.
Above: For his unrelenting efforts in Sudan, the 2016 WEU award was proudly given to Najeeb Osman.

Historically speaking, compared to previous civilizations, the modern global market is unknown territory. Trade agreements are plastered all over the internet. Corporations that give lucrative contracts to corrupt governments in exchange for irreversibly damaging their environment are being revealed. This type of economic transparency is exactly what the WEU promotes. Our members support raising living standards, reducing poverty throughout the world, strengthening environmental and labor protections, training people with skills needed now and in the future, and increasing innovation that directly benefits a common good.

Today, social campaigns have been our most useful and inexpensive tool for reaching millions of the world's citizens. Everyday people can stand in unison against corporations and their harmful practices. This global platform has effectively changed how and where these large companies produce their products, potentially saving millions of human, animal, and plant lives. A most recent example is an environmental agreement between Norway and Brazil. To combat their economic depression, Brazil starting allowing agricultural, cattle, and oil industries to cut into the Amazon forest. This provided Brazil and the locals the revenue they desperately needed. Consequently, the deforestation of the Amazon meant one of the world's largest producers of oxygen was in jeopardy. Norway negotiated paying Brazil 1 billion dollars to stop allowing the deforestation practices for a period of time. This international collaboration set a precedent for other nations to look beyond temporary profits and pay more attention to long term sustainability. We believe we are at the dawn of a new age in trade relations and practices with a focus on the well-being for all.

Global Market Updates

Global Poverty Line of $1.25 a Day Too Low?

Economists believe people in developing countries actually require more money.

  • Studies have shown people living hand to mouth will forfeit food to spend money on pleasures and a savings plan.
  • Some believe there should be multiple poverty lines defined across countries with the poorest being the highest priority. Every region, regardless of borders, has a drastically distinctive subsistence level.

Poorer Countries Lifting Trade Barriers to Stay Competitive

Trading with other underdeveloped and developed countries, a poor nation can grow their economy and begin to provide their citizens with a higher quality of life. However, to preserve their future economic growth, they must include specific protections and regulations that restrain their export industries from damaging their natural resources and harming the health of their citizens - and they must balance this goal against the equally (or perhaps more) important goal of maintaining stability, the sovereignty of their nation, and the freedoms of their people from both domestic over-regulation and potentially harmful international influence.

Identifying and Executing a Country's Worth Decreases Poverty and Increases Global Success

Christopher Redding / August 25, 2016

The World Economic Union is committed to improving the lives of global citizens who live below the poverty line. To do this, we follow the latest economic theories, intergovernmental trade agreements and policies, and business interests from the world's most successful corporations. With this, our goal is to educate every country, rich and poor, on how they can better utilize their resources while benefiting the world as one united front, cooperating internationally where possible. We believe every country has value and potential. It's our mission to open a global discussion that removes impediments to diplomacy and introduces new and innovative economic opportunity.

Global Economy Economic Statistics Global Labor Force

"Conclusively, the World Economic Union ensures that the world works efficiently and as conscientiously as possible. Every country has worth, whether it be tourism, manufacturing, or agriculture. By identifying an area's greatest worth and employing it as such, we establish a more unified and more peaceful world which we can be proud of for our children and our children's children."

Henry George - Professor of International Trade

The largest difference between our work and other organizations is we don't group countries together by their wealth, ethnic groups, cultural identities, or racial makeups. We look for economic factors such as trade policies, export strategies, import substitutions, agricultural activities, and opportunities for advancement which may arise. Since we know that each section has a varying economy, we like to go a step further and define a poverty line, not for each country, but for a county, city, and territory. Defining these small areas lets us better understand the sections that are at the highest risk for negative exploitation and hardship. Then, the poor areas can determine what advantages they can positively exploit to compete in the global market, maintain relevance in the global economy, and remain sustainable for a healthy economic future, without having to sacrifice other, often equally important, factors. Each region must establish their place in the world's economy. We are hopeful that economic stability and a more prosperous - and peaceful - world can be made a reality, though we know that work towards that goal can never truly be finished, merely continued.