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THIRD WORLD ECONOMICS

Issue No. 626, 1-15 October 2016
Threat of debt distress looms


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New debt crises threaten global stability
Global debt has jumped alarmingly to $152 trillion and as capital flows out from developing countries, some are facing new debt crises.
by Martin Khor

New UNSG urged to hold global meet on tax havens
A UN human rights expert has called upon the incoming new UN
Secretary-General to convene an international conference to discuss measures to combat tax dodging and illicit financial flows, abuses which he says “shock the conscience of mankind”.
by Kanaga Raja

UN rights body creates new mandate on right to development
The UN Human Rights Council has established the position of a Special Rapporteur on the right to development who will be tasked with engaging in and supporting efforts to fulfil this right.
by Kanaga Raja

Development as human right – an unfulfilled promise to billions
A UN event commemorating the 30th anniversary of the adoption of the Declaration on the Right to Development resounded with calls to realize this fundamental right in the face of the myriad challenges along the development path.

Efforts on to formally bury DDA talks at Buenos Aires next year?
The 2017 Ministerial Conference of the WTO, to be held in Buenos Aires, could be the scene of a fierce debate among member states that determines the future of the Doha Round talks and of new issues mooted for negotiation.
by D. Ravi Kanth

US, EU foisting e-commerce agenda at WTO amidst disarray in South ranks
With the developing countries not putting up a coordinated front, the US and the EU are ratcheting up focus on electronic commerce at the WTO.
by D. Ravi Kanth

India’s TFS initiative meets US roadblocks
An Indian proposal for a WTO agreement on easing services trade has come up against resistance from the US.
by D. Ravi Kanth

Opinion: Pensions for all
Social pension schemes which provide a measure of income security for all persons in old age need not be beyond reach.
by Jomo Kwame Sundaram and Rob Vos

Analysis: Business and human rights: The failure of self-regulation 
While no effective international mechanism exists to safeguard human rights, the interests of transnational corporations are assiduously protected through a global web of binding legal frameworks. In light of this unequal state of affairs, a network of social movements and organizations from across the world is steering an initiative to dismantle the corporate-centred “architecture of impunity”.
by Erika González, Juan Hernández Zubizarreta and Mónica Vargas


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