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THIRD WORLD ECONOMICS

Issue No. 640, 1-15 May 2017
Outlook for developmental outcomes at MC11 dims


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Trump’s climate “no” makes MC11 developmental outcomes unlikely
Prospects of development-friendly outcomes at the WTO Ministerial Conference this December seem to be receding in light of the US’ apparent indisposition towards multilateral engagement as reflected in its intended pullout from the Paris climate change pact.
by D. Ravi Kanth

South stress food security and SSM outcomes at MC11
The latest round of agriculture negotiations at the WTO saw many developing countries reiterate the need for WTO mechanisms to enable the holding of public food stocks and to protect farmers from excessive market volatility.
by Kanaga Raja

US rejects Chinese proposal on trade remedy measures
A Chinese proposal to negotiate WTO disciplines governing the use of countermeasures against dumping and subsidization in trade has been rebuffed by the US.
by Kanaga Raja

Global South calls for international body to fight tax havens
A workshop held at the UN resounded with calls for international cooperation to combat tax dodging that is depriving poor countries of development resources.
by Tharanga Yakupitiyage

Opinion: Why do international financial crises happen?
Addressing global financial fragility requires international coherence and cooperation among policymakers – coordination that is sadly lacking today, laments Jomo Kwame Sundaram.

Analysis: Out of Africa
Much more resources are being siphoned from Africa than are entering it. The following extract from a new report published by a coalition of UK and African civil society groups examines how the rest of the world is profiting from Africa’s wealth and what can be done to stem the unfair flow of funds.

Analysis: Why did Ecuador terminate all its bilateral investment treaties?
In May, the Ecuadoran government took the bold step of terminating all its bilateral investment treaties, acting on the recommendations of the CAITISA commission established to audit the country’s investment regime. The president of CAITISA, Cecilia Olivet, who is a researcher with the Transnational Institute, shares her perspective on the commission’s work and its wider implications in the following interview, which was originally published on the Institute’s website.


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