The Lesson from Davos: No Connection to Reality

The rich and the powerful, who meet every year at the World Economic Forum (WEF), were in a gloomy mood this time. Not only because the day they met close to eight trillion dollars has been wiped off global equity markets by a "correction". But because no leader could be in a buoyant mood.

The Trans-Pacific Partnership Fraud

The Trans Pacific Partnership Agreement (TPPA), negotiated in Atlanta in October 2015 and to be signed in Auckland in February 2016, privileges foreign investors while imposing substantial costs on partner countries. Touted as a ‘gold standard’ 21st century trade deal, it is critical to ascertain what gains can really be expected and whether these exceed costs.

After a Historic Success, Urgent Challenges Face the WTO

In 2015 the international community took some huge strides forward on a number of vital issues. There was the agreement on the United Nations new Sustainable Development Goals.

One Fish Two Fish, No Fish: Rebuilding of Fish Stocks Urgently Needed

A major new study has revealed that the global seafood catch is much larger and declining much faster than previously known.

TAIWAN: Polls Harken End of Nuclear Power

Taiwan may soon be the first nation in Asia to resolve to become a nuclear free nation after four decades of reliance on nuclear power.

Soy Boom Revives Amazon Highway

The BR-163 highway, an old dream of the Brazilian military to colonise the Amazon jungle, was revived by agroexporters as part of a plan aimed at cutting costs by shipping soy out of river ports. But the improvement of the road has accentuated problems such as deforestation and land tenure, and is fuelling new social conflicts.

Back on Track, Uganda’s Railways Signal Better Days Ahead

Denis, a 38-year-old Ugandan bank worker, usually takes a packed minibus known as a matatu to and from his day job through the capital Kampala’s notorious potholed and gridlocked roads. But two weeks ago, he tried a new option: the city’s passenger train, relaunched for the first time in two decades.

Oil Giants Punish Venezuela through Dutch treaty

Venezuela doesn't want investment treaties anymore if they give investors the right to drag the country before a commercial court. "The system has been set up to break down the nation-state."

Brazil 2015: The Year When Everything Went Wrong

As 2015 approaches its end, Brazilians live a period of extraordinary uncertainty. The recession seems to get worse by the day. Inflation is high and shows unexpected resistance to tight monetary policies applied by the Central Bank. The sluggish international economy has largely neutralized incentive and the strong devaluation of the domestic currency could represent a reality to exporters and to producers who compete with now more expensive imports. After an initial resistance, employment levels began to fall.

Foreign Direct Investment: Myths and realities

Foreign direct investment (FDI) is perhaps one of the most ambiguous and the least understood concepts in international economics. Common debate on FDI is confounded by several myths regarding its nature and impact on capital accumulation, technological progress, industrialization and growth in emerging and developing economies.

American Mining Giant Escaped Indonesian Law with ISDS

If you want to make your developing country more attractive for foreign investors, try signing bilateral investment treaties (BITs) with rich countries. With these treaties countries promise to look after each others' investors.

French firm attacks Ugandan tax using ISDS

The heavily criticized legal mechanism, known as ISDS, is an important tool for European companies to pressurize developing countries. This year Uganda joins the rank of developing nations asking themselves: "Why have we ever signed this?"

WTO: Giant Steps in the World Conference

World Trade Organization (WTO) members concluded the Tenth Ministerial Conference in Nairobi on 19 December by securing an historic agreement on a series of trade initiatives. The “Nairobi Package” pays fitting tribute to the Conference host, Kenya, by delivering commitments that will benefit in particular the organization’s poorest members.

Mexican Government Ignores Social Impact of Energy Projects

Mexico’s hydrocarbons law stipulates that oil contracts must include a social impact assessment. But this has not been done in the case of the oilfields granted to the country’s former oil monopoly, Pemex, or to private companies since the industry was opened up to private investment.

Companies Sue Developing States through Western Europe

Many Europeans fear the Transatlantic Trade and Investment Partnership (TTIP) because it could enable American companies to file claims against their states. The strange thing, however, is that Western Europe is becoming a big hub in this mechanism, called the Investor-State Dispute Settlement (ISDS), leading to billion dollar claims against poorer countries.

Another Himalayan Blunder

South Asian integration remains a distant dream as some member countries like Nepal resent India’s big brotherly dominance in the region. They perceive that they have no stakes in India’s rise as an economic power. Ensuring unrestricted market access perhaps would have made a big difference in this regard. Their resentment has only deepened as this hasn’t happened. Instead they have registered growing trade deficits with India! The on-going travails of the Himalayan kingdom vis-a-vis India exemplify the problematic nature of integration in a region that accounts for 44 per cent of the world’s poor and one-fourth of its’ population.

Cubans Want to Know When They Will Feel the Effects of Thaw with U.S.

While the normalisation of diplomatic relations between the United States and Cuba is moving ahead, and the U.S. and Cuban flags have been proudly waving in Havana and Washington, respectively, since last July, the year gone by since the thaw has left many unanswered questions.

What is at Stake in the World Trade Organization Conference in Nairobi

The Ministerial Conference of the World Trade Organization (WTO) is now just a few days away, from 15 to 18 December in Nairobi.

Draft in Hand, Ministers in Paris Enter Last Week of Climate Talks

Whatever effort there was made during the past four years to create a global legal architecture to combat climate change, its legacy will be defined in the forthcoming days.

Aspects of Dualism in the Gulf

The crash in oil prices is not the only challenge confronting the Gulf States in West Asia. Economic disorder and lack of opportunity are contributing to instability in the region, stated Bahrain’s minister for industry, commerce and tourism, Zayed Al Zayani, while kicking off the recent IISS Bahrain Bay Forum. He emphasized the need for “unprecedented” economic reform across the Gulf in the wake of the lower oil revenues. These policies include the generation of millions of jobs for the youth in these economies that continue to depend heavily on expatriate labour from India, Pakistan, Bangladesh and Philippines.

Military Budgets Unexplored Source for Development Funding

As the United Nations continues its intense search for trillions of dollars needed to finance 17 Sustainable Development Goals (SDGs) adopted by world leaders last September, there is one rich source that remains unexplored: world military budgets.