Peter Dittus, former BIS Chief and author of ‘Revolution Required’ and Yilmaz Akyuz, South Centre Chief Economist and author of ‘Playing With Fire’ explain how financial fragility in the world economy was...
Selected Stories
The deepened financial integration of the Global South is a further mechanism of Northern countries that is compressing wage income but debt – growing and massive accumulation of debt worldwide –...
Tactics by superpowers in new technologies like Big Data and Artificial Intelligence seeking further power under the guise of new E-Commerce rules being pushed at the World Trade Organization are denounced by...
Global inequality, household indebtedness, insufficient investment and stagnant economic recovery are the consequences of the dominance of large financial and corporate bodies in shaping globalization says...
Historically all major thinkers about the economy were development economists as they saw the economy going through transformative structural changes and that is what they studied, says Jayati Ghosh. This 4...
1947 was a year of political ambition, says UNCTAD’s Richard Kozul-Wright at the book launch of ‘The Handbook of Alternative Theories of Economic Development ‘ in posing the question, “Do we have...
None of the countries that actually developed did it without planning; social policies are as integral to strategies of economic development as purely economic policies explains C.P. Chandrasekhar at the book...
Change comes when enough people in a society realize what’s going on doesn’t work says Jayati Ghosh, co-editor of “The Handbook of Alternative Theories of Economic Development” a landmark volume that shows...
Safeguards need to be put in place so artificial intelligence can be used safely for everybody says Catherine Saez of Intellectual Property Watch reporting on events at the Artificial Intelligence summit...
Imperialism is about the struggle to control economic territories such as markets, workers and natural resources says economist, Jayati Ghosh who explains imperialism has gone through many different forms of...
The ability of nation states to regulate capital in the interests of their own citizens, workers and society was increasingly constrained in the 1980s by an international legal architecture says Jayati Ghosh...
Capitalism has always been remarkably agile is terms of responding to new conditions and creating new markets all designed to lift capitalism out of the stagnation that it has pushed itself into because it has...
We are not against intellectual property protection, but we want to see that health prevails when there is a conflict between a nation’s obligations under trade rules and that of its public health...
We must adopt a class-based analysis of globalization in order to attack the multilateral system that is producing inequality, advises South Centre Chief Economist Yilmaz Akyuz March 15, 2017 Produced by Lynn...
A binding solution needs to be established in international law and that’s what the Ecuadorian and South African initiative basically is trying to do says Ambassador Espinosa commenting on a UNHRC resolution...
One of the big gaps of international law is precisely the issue of clarity in jurisdiction. When there are problems with a violation of human rights and a lack of compliance, the issue is where to sue the...
Multinationals from US, Europe, and Japan collaborated to link intellectual property rights to trade culminating in the creation of the World Trade Organization with its Agreement on Trade Related Aspects of...
The architects of this trade agreement saw great profit from controlling the building blocks of the biological and digital technologies of the future, says professor Peter Drahos discussing the corporate...
Countries like India and Brazil saw early on how excessive monopoly protection due to intellectual property rights would be an impediment to development, says professor Peter Drahos discussing negotiations...
The globalization of intellectual property rights will not improve trade, competition, or the livelihood of workers; it leads to underdevelopment, says professor Peter Drahos discussing outcomes of the 1995...
The TRIPS Agreement gave multinational corporate owners of intellectual property rights a global form of private taxing power says Peter Drahos explaining the 1995 World Trade Organization Agreement on Trade...
The story of the trade agreement is not just a story of power, it’s also a story of clever psychology says Professor Peter Drahos explaining the 1995 World Trade Organization Agreement on Trade-Related Aspects...
A global effort will be needed to keep knowledge in the public domain says Peter Drahos is explaining the devastating impact of the 1995 World Trade Organization Agreement on Trade-Related Aspects of...
Activities of investors and transnational corporations not only interfere in the regulatory space of States but attack the very essence of sovereignty and self-determination says UN Human Rights Council...
The 2008 financial crisis may be moving in a third wave that could devastate the Global South says Dr. Yilmaz Akyuz, Chief Economist of the intergovernmental organization, the South Centre March 28, 2016...
“You would not ask Citibank to design the bankruptcy law in the US. We know how it would design the law. It would have indentured servitude. Bankruptcy laws that come out of creditors are neither fair...
“Just two weeks ago, the Holy Father, Pope Francis, endorsed the bankruptcy process that is taking place here” says Eric LeCompte making the connection between global debt policy and poverty and inequality in...
Since the early 1980s Latin American debt crisis, we’ve advocated for clear, consistent, fair rules that allow countries with excess debt to work through that problem in a way that doesn’t damage their people...
“The Greek crisis has made it clear that individual states acting alone cannot negotiate reasonable conditions for the restructuring of their debt within the current political framework even though these debts...
The US, Canada, Germany Japan, Israel and UK voted against the resolution. Basically the political economy of it is that developed world governments feel they can ensure their banks somehow get repaid. If...