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THIRD WORLD ECONOMICS

Issue No. 680/681, 1-31 January 2019
Addressing concerns of double standards in the WTO


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The WTO, its secretariat and bias against the South
Developing-country members of the WTO have long found the deck stacked against them in the operations of the trade body and its dispute settlement regime, points out Chakravarthi Raghavan.

Delhi meet calls for strengthening WTO-MTS, promoting development
Trade ministers from several developing countries met in New Delhi in May to discuss ways to work towards a more inclusive and development-oriented WTO.
by D. Ravi Kanth

South countries soundly reject US proposal on “differentiation”
Developing countries have spoken out against proposals that would effectively erode the flexibilities they enjoy in the WTO rules.
by D. Ravi Kanth

WTO GC gets progress report on process to resolve AB crisis
The WTO General Council meeting also took stock of ongoing efforts to break the deadlock in appointing new members to the Appellate Body.
by Kanaga Raja

South denounce efforts to hijack Doha talks on e-commerce, agriculture
The positions of WTO member states on such issues as electronic commerce, agriculture and WTO reform are still far apart, as reflected in a recent meeting of delegation heads.
by D. Ravi Kanth

China tables comprehensive proposal on WTO reform
China has proposed “necessary reform” of the WTO to address the trade body’s “existential crisis” and enhance its relevance, efficiency and inclusiveness.
by Kanaga Raja

Trade tensions, policy uncertainty weakening growth
A UN outlook report sees a decelerating world economy as persistent trade tensions hurt countries’ growth prospects.
by Kanaga Raja

Number of commodity-dependent countries reaches 20-year high
There has been a rise in the number of countries dependent on commodity exports, especially in the developing world, finds a UN agency report, rendering these countries vulnerable to negative commodity price shocks and price volatility.
by Kanaga Raja

A new multilateralism for a global green new deal
Decrying the ills of present-day “hyperglobalization”, a report by two development experts frames an agenda for a more balanced international economic order that would deliver greater stability, shared prosperity and environmental sustainability.
by Kanaga Raja

Opinion: Coping with World Bank-led financialization
Jomo Kwame Sundaram and Anis Chowdhury flag the challenges posed to developing economies by a World Bank development blueprint that unduly privileges private finance.

Opinion: Global inequality is 25% higher than it would have been in a climate-stable world
Climate change has fuelled global inequality over the last few decades and, if unaddressed, will continue doing so in the future.
by Nicholas Beuret


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