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THIRD WORLD ECONOMICS

Issue No. 575 (16-31 Aug 2014)
WTO misses trade facilitation deadline


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WTO’s 31 July “deadline” on TF protocol passes quietly
Differences among member states have resulted in the inability of the WTO to adopt, by 31 July as initially envisaged, a legal instrument that would give effect to a contentious trade facilitation accord.
by Kanaga Raja

Misplaced claims of deadline sanctity for TFA
The failure to adopt the trade facilitation protocol by 31 July was only the latest instance in a long line of missed deadlines in WTO talks, many of which involved key issues of interest to developing countries.
by Chakravarthi Raghavan

Ten reasons for saying “no” to the North
India’s insistence that the issue of food security stocks be resolved alongside agreement on trade facilitation can bring this and other neglected development concerns back to the centrestage of WTO negotiations.
by Ravi Kanth Devarakonda and Phil Harris

US shelves move on “factoryless goods” manufacturers
The US has put off plans to redesignate US firms which offshore their manufacturing as “factoryless goods producers”. Chakravarthi Raghavan explains why this goes beyond a question of terminology and why it matters to developing countries.

World Bank urged to rethink reforms to business-friendliness report
Civil society groups have called for an overhaul of the methodology behind an annual World Bank report which they say unduly promotes deregulatory policies.
by Carey L. Biron

Cry for Argentina: Fiscal mismanagement, odious debt or pillage?
Argentina’s debt travails highlight the urgency of having a sovereign debt restructuring system or, even better, international monetary reform that would preclude the need for such restructuring in the first place.
by Ellen Brown

Did Argentina default or not? It’s more than semantics
Apart from raising questions of whether Argentina has defaulted on its bond repayments, the country’s debt dispute with vulture funds has also thrown light on “the most savage face of international financial capital.”
by Fabiana Frayssinet

The global land rush
Institutional investors are buying up farmland throughout the world, contributing to the corporate consolidation of agriculture in developed and developing countries alike.
by Anuradha Mittal

Analysis: Africa’s free trade hangover
African governments are rethinking the virtues of free trade and the free market, writes Rick Rowden


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