User: flenvcenter Topic: Economics and Jobs-Independent
Category: Development :: International Development
Last updated: Apr 01 2014 21:15 IST RSS 2.0
 
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What Can Foreign Investment Really Do for Your Country? 1.4.2014 Politics on HuffingtonPost.com
When a respectable multinational company announces a new project in a poor country, it is usually a cause for celebration -- especially when the project won't hurt the environment and won't corrupt public officials. These companies create jobs, pay taxes, and bring badly-needed foreign currency. More subtly, they use better technologies, spread their knowledge, and hire local firms to supply them. This, one hopes, makes everyone more productive, even those that have little or no contact with the newcomers. Think of an international clothing brand coming to your town to set up a factory and export top-end apparel, or a mining giant breaking ground near your village to mine for copper and sell it abroad. They generate benefits that go beyond their own businesses -- in technical jargon, they generate "spill-overs" for the rest of the economy. So, sensible governments do their best to attract "foreign direct investment." But, what evidence do we have that these spill-overs really exist? A new book edited ...
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Reforming International Tax System Must be Priority of G20 22.2.2014 Commondreams.org Newswire

The G20 must take necessary steps to reform the international taxation system to stop wealthy tax dodgers, beginning at its Finance Ministers and Central Bank Governors meeting this weekend (22-23 Feb) in Sydney.

Oxfam says that billions of dollars are lost each year in tax loopholes and avoidance. This gap must be plugged. Much of this money should be spent on services such as health and education in developing countries, helping to lift people out of poverty and reduce their dependence on aid.

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Global Fight for Land Rights at Tipping Point 6.2.2014 CommonDreams.org Headlines

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China Has Good Reason to Help Stabilize Latin American Economies 31.1.2014 Politics on HuffingtonPost.com
China Has Good Reason to Help Stabilize Latin American Economies
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In WTO Deal 'Corporate Rights Trump the Right of People to Food' 7.12.2013 CommonDreams.org Headlines
A World Trade Organization (WTO) deal appears imminent on Friday after the 159-member body held its Ninth Ministerial Meeting in Bali. While some are cheering the deal as "historic" after India held firm on a food security program, skeptics say the deal is a continuation of global trade policies in which "corporate "rights" trump the right of people to food." read ...
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Drawing the Lines in Bali: Global South Must Demand No Less Than Development Justice 5.12.2013 Commondreams.org Views
Antonio Tujan Jr. An activist wraps his face during a protest against the World Trade Organization meeting in Bali, Indonesia on Tuesday, Dec. 3, 2013. Indonesia is hosting the World Trade Organization Ministerial Conference from Dec. 3 - 6. The word "Gerak" means Movement. (AP Photo/Firdia Lisnawati) BALI, Indonesia — Lines have been drawn as world leaders gather in Bali for the World Trade Organization"s ninth summit. read ...
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Beyond COP 19: Accelerating Climate Protection 1.12.2013 Green on HuffingtonPost.com
Beyond COP 19: Accelerating Climate Protection
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The Staple Theory at 50: The staples trap in developing countries 25.11.2013 rabble.ca - News for the rest of us
Here is an entry from the global South in our continuing series of commentaries marking the 50th anniversary of Mel Watkins' classic article, " A Staple Theory of Economic Growth ." Dr. Alberto Daniel Gago teaches political economy at the National Universities of San Juan and Cuyo-Argentina. He is a long-time collaborator of Mel's, and has written extensively about the challenges of development and diversification in Argentina. His commentary explores the relevance of staple theory for understanding the modern barriers to development in the South. read ...
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The U.S. Provides Plenty Of International Aid, But To All The Wrong Places 21.11.2013 Politics on HuffingtonPost.com
The U.S. Provides Plenty Of International Aid, But To All The Wrong Places
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The G20 leaders head home, but the work is unfinished 9.9.2013 rabble.ca - News for the rest of us
Monday, September 9, 2013 The G20 have put their first nail in the coffin of corporate tax dodging, but they've given no guarantees how or when the rip-off of the poorest countries will stop. This is the third and final report from the G20 in Russia by Steve Price-Thomas. (Read part I and II here and here .) St Petersburg, Russia -- G20 leaders returning to their countries can point to some achievements at the 2013 G20 Summit, but also to a lot that was left undone. read ...
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Tax evasion damaging poor country economies 1.9.2013 Press releases
Multinational tax evasion is entrenching poverty and weakening developing country economies, Oxfam has warned ahead of the G20 leaders meeting in Russia to chart a plan for boosting global economic growth. G20 must act to rewrite international tax rules The G20 needs growth strategies that are balanced and inclusive, and to achieve this they must fix the global tax system. Dmitri Medlev Oxfam’s Russia country director Notes to Editors ^ Global Financial Integrity estimates that developing countries lose $100bn annually from trade mispricing alone. This occurs when goods leave a country of export under one invoice, the invoice is redirected to another jurisdiction such as a tax haven where the price is altered, and then the revised invoice is sent to the importing country for clearing and payment purposes. Christian Aid estimates that trade mispricing and false invoicing costs developing countries $160 billion a year. ^ The average annual salary of ...
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Robert Creamer: Is There a Difference Between a Third World Autocrat and a Wall Street Mogul? 22.8.2013 Politics on HuffingtonPost.com
For everyday Americans to once again be able to look forward to giving more opportunities to their children than they themselves experienced in life, America must rein in its own kleptocrats on Wall Street and end the descent into economic inequality that threatens our future.
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How much will climate change cost coastal cities? 19.8.2013 Environmental News Network
Global damage from flooding could cost coastal cities as much as US$1 trillion per year — and developing countries will be hardest hit, a study warns. According to the paper published today in Nature Climate Change, a "risk sensitive planning" strategy is needed to protect coastal cities, which are increasingly at risk because of climate change, subsidence and a growing population.
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Scandal of land grabs and tax dodging continues at expense of the world’s poor – G8 leaders must act to end hunger 17.6.2013 Press releases
During the two days of the G8 Summit, which starts today, $2.2 billion in illicit flows will have hemorrhaged from developing countries into tax havens and land one and a half times the size of Manhattan sold off to foreign investors. During the two days of the G8 Summit, which starts today, $2.2 billion in illicit flows will have hemorrhaged from developing countries into tax havens 1 < The G8 must change the rules so that no corporation or rich individual can avoid paying their fair share of taxes, and so that no company can take land from poor families without facing repercussions. Jim Clarken Oxfam Ireland’s Executive Director Notes to Editors ^ Global Financial Integrity estimates that 44.2% of illicit financial flows are absorbed by offshore tax havens, which is the latest analysis available. This estimate was based on a list of 46 tax haven jurisdictions. (Global Financial Integrity, The Absorption of Illicit Financial Flows from Developing ...
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Tax-Avoiding Corporations Siphoning Billions from World's Poorest 23.5.2013 CommonDreams.org Headlines
Some of the world&#39;s wealthiest corporations&mdash;utilizing secretive tax havens backed by powerful governments&mdash;are siphoning billions of dollars of potential revenue from the very same poor countries that foreign investment is so often said to be helping. read ...
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Tax Havens Are Entrenching Poverty in Developing Countries 14.5.2013 Commondreams.org Views
Richard Miller read ...
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Worsening Youth Unemployment Likely To Wipe Out Recovery's Gains 8.5.2013 Politics on HuffingtonPost.com
GENEVA — Youth unemployment is likely to rise globally to 12.8 percent by 2018, wiping out gains made in the recent economic recovery, the U.N.'s...
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Council of Canadians objects to Canada's participation in divisive international services negotiations 1.5.2013 rabble.ca - News for the rest of us
I submitted the following brief comments to the Department of Foreign Affairs and Trade as part of a government request for input on Canada's participation in a plurilateral international services agreement . read ...
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The Truth About Extreme Global Inequality 15.4.2013 Commondreams.org Views
Jason Hickel

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Edmonton's homeless shelters home to body lice, 'refugee-camp-like conditions' 15.2.2013 rabble.ca - News for the rest of us
Welcome to Alberta, the Richest Place on Earth, where body lice are showing up on residents of homeless shelters, an affliction normally associated with Third World refugee camps. Earlier this week, University of Alberta infectious diseases specialist Dr. Stan Houston warned colleagues in an email of "a very powerful health indicator of the kind of poverty we are seeing (and creating) in this, one of the wealthiest political jurisdictions in the world." To wit, said Houston: "Last week, for the first time in my life, including seven years in Africa, I saw a patient of mine with a body louse infestation. He had been living in city shelters, so there has to be more where that came from." Houston added that he had immediately notified public health authorities. read ...
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