Reclaiming the Bandung Spirit for Shared Prosperity

"The despised, the insulted, the hurt, the dispossessed—in short, the underdogs of the human race were meeting. ... Who had thought of organizing such a meeting? And what had these nations in common? Nothing, it seemed to me, but what their past relationship to the Western world had made them feel. This meeting of the rejected was in itself a kind of judgment upon the Western world!." —Richard Wright, The Color Curtain [University Press of Mississippi, 1956].

Dispute Settlement Becomes Speculative Financial Asset

Investor-state dispute settlement (ISDS) provisions in bilateral investment treaties (BITs) and free trade agreements (FTAs) have effectively created a powerful and privileged system of protections for foreign investors that undermines national law and institutions.

Economic Recovery Crucial to Sustainable Development

More than eight years after the global financial crisis exploded in late 2008, economic growth remains generally tepid, while ostensible recovery measures appear to have exacerbated income and other inequalities. Yet, despite the G-20 group of the world’s largest economies raising the level, frequency and profile of its meetings, effective multilateral cooperation and coordination remains a distant dream.

Feast and Famine in Africa’s Dubai

As balmy night settles over Djibouti City, the arc lights come on at its growing network of ports as ships are offloaded 24 hours a day and trucks laden with cargo depart westwards into the Horn of Africa interior.

Positive Signs as Asia-pacific Moves Towards Global Development Goals

With just over a year since the adoption of a historic blueprint to end poverty and protect the planet, positive signs have already started to emerge among countries in the Asia-Pacific region as they push ahead with the implementation of the 17 Sustainable Development Goals (SDGs).

Can the SDGs be financed?

Investment in the least developed countries (LDCs) will need to rise by at least 11 per cent annually through 2030, a little more than the 8.9 per cent between 2010 and 2015, in order for them to achieve the Sustainable Development Goals (SDGs). The United Nations’ World Economic Situation and Prospects (WESP) 2017 focuses on the difficulties in securing sufficient financing for the SDGs given the global financial system and current economic environment.

The Challenge Ahead: Harnessing Gene Editing to Sustainable Agriculture

The role of genetic engineering in agriculture and food has generated enormous interest and controversies, with large-scale embrace by some nations and wholesale bans by others.

Investing in Zimbabwe’s Smallholder Farmers

To take his mangoes to Shurugwi, 230 kms south of Harare, requires Edward Madzokere to hire a cart and wake up at dawn. The fruit farmer sells his produce at the nearest “growth point” at Tongogara (the term for areas targeted for development) where the prices are not stable.

Secret Tax Deals Increased Dramatically After Luxleaks

Despite the LuxLeaks scandal, the number of secret tax deals is skyrocketing. Such deals between companies and governments across Europe increased by almost 50 percent the year after the scandal broke.

Argentina and UAE Agree to Strengthen Economic Ties

Argentina and the United Arab Emirates (UAE) agreed Friday Mar. 17 to explore the possibility of this South American country receiving investment from the Gulf nation, particularly tourism and health, while they pledged to strengthen bilateral relations and increase trade.

From Barriers to Bridges: Transformation of the Kenya-Ethiopia Border Region

Consider this. The communities around the Kenya-Ethiopia border in Moyale-Borona area, have long been associated with internecine violence, extreme poverty, and environmental stress. These have led to disastrous societal consequences, including displacement, criminality and violent extremism.

Brazil and the UAE Determined to Explore New Bilateral Frontiers

The foreign minister of the United Arab Emirates (UAE), Sheikh Abdullah bin Zayed Al Nahyan, made his fifth visit to Brazil Thursday, Mar. 16, in search of new opportunities to exploit the enormous potential in relations between the two countries.

Most Financial Inflows Not Developmental

Recent disturbing trends in international finance have particularly problematic implications, especially for developing countries. The recently released United Nations report, World Economic Situation and Prospects 2017 (WESP 2017) is the only recent report of a multilateral inter-governmental organization to recognize these problems, especially as they are relevant to the financing requirements for achieving the Sustainable Development Goals (SDGs).

At 60, Ghana Looks to a Future Beyond Aid

Ghana turned 60 years old this week. The West African country gained independence from Britain on Mar. 6, 1957, and remains a study in contradictions.

Half a Century of Struggle Against Underdevelopment

The idea of creating Inter Press Service (IPS) arose in the early 1960s in response to awareness that a vacuum existed in the world of journalism, which had two basic aspects.

Another Town in El Salvador Votes No to Mining

The citizens of Cinquera municipality in Cabañas delivered a resounding vote against mining, on Sunday February 26th, when 98 percent of residents voted in favour of becoming El Salvador's fifth "territory free of mining."

Avoid Patent Clauses in Trade Treaties that can Kill Millions

Recently a very interesting article on why there are inequalities in access to health care and how  medicine prices are beyond the reach of many people was published in The Lancet, one of the most prestigious medical journals in the world.

Tax Evasion Lessons From Panama

Unlike Wikileaks and other exposes, the Panama revelations were carefully managed, if not edited, quite selective, and hence targeted, at least initially. Most observers attribute this to the political agendas of its main sponsors. Nevertheless, the revelations have highlighted some problems associated with illicit financial flows, as well as tax evasion and avoidance, including the role of enabling governments, legislation, legal and accounting firms as well as shell companies.

The Planned US Border Tax Would Most Likely Violate WTO Rules – Part 2

As American lawmakers and the Trump administration prepare the ground for introducing a border adjustment tax, many controversial issues have emerged, including whether they go against the rules of the World Trade Organisation (WTO).

Beware of the New US Protectionist Plan, the Border Adjustment Tax – Part 1

A new and deadly form of protectionism is being considered by Congress leaders and the President of the United States that could have devastating effect on the exports and investments of American trading partners, especially the developing countries.

Washington Rules Change, Again

Over the last four decades, the Washington Consensus, promoting economic liberalization, globalization and privatization, reversed four decades of an earlier period of active state intervention to accelerate and stabilize more inclusive economic growth, associated with Franklin Delano Roosevelt and John Maynard Keynes.