Tag: Globalization

China: The Covert Credit Superpower

An new working paper by Sebastian Horn, Carmen Reinhart and Christoph Trebesch on China’s foreign lending has some important findings, such as that China accounts for more than 40% of the external debt of 50 developing countries. We’ve embedded the document at the end of this post. The study is an ambitious undertaking, seeking to […]

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How NGOs in Rich Countries Control their Counterparts in Poor Countries..and Why they Refuse to Resolve it

By Paul Okumu, head of secretariat for the Africa Platform on Governance, Responsible Business and the Social Contract. He is also head of strategy at the Internet of Things Solutions Africa.. Originally published at Inter Press Service Many NGOs around the world are fighting inequality between the rich and the poor, between the policies that make rich […]

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Is There a Global Future for Unions?

Yves here. This personal account of the rise and fall (and hopeful rebirth) of unions correctly gives prominent play to the right-wing anti-labor effort whose strategy was set forth in the 1971 Powell Memo. By Leo W. Gerard, the international president of the United Steelworkers Union (USW). Produced by the Independent Media Institute In March 2010, […]

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Michael Hudson: De-Dollarizing the American Financial Empire

Yves here. Another meaty Michael Hudson interview on Guns and Butter. However, I have to vehemently disagree with the claim made by Bonnie Faulkner at the top of the discussion. No one holds guns to other countries’ heads to make them hold dollars. The reason the dollar is the reserve currency is the US is […]

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Brexit: Will Boris or Won’t He?

ConservativeHome declared yesterday that their survey of Tory Party members finds that Boris Johnson has already won the leadership contest. He’s also embraced the proud UK leadership practice of promoting Brexit unicorns. A few examples: The EU will blink with him when it didn’t with Theresa May because Johnson serious about being willing to exit, […]

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Transfer (Mis)pricing, the Jewel in Every Multinational Enterprise’s Crown

By Tanya Rawal-Jindia, a researcher at Tricontinental: Institute for Social Research. Originally published at openDemocracy as part of ourEconomy’s ‘Decolonising the economy’ series. Amazon.com Inc. was brought to court by the U.S. Internal Revenue Service (IRS) in 2017 for transfer pricing discrepancies. In 2005 and 2006, the multinational tech company had transferred $255 million in royalty […]

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Recycling Woes: Indonesia Sends Waste Shipment Back to Australia

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Indonesia this week became the latest Asian country to reject – and return – a shipment of waste sent to it for recycling. As the Guardian reports in Indonesia sends rubbish back […]

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Trump’s Version of the Iran Accord: Heads I Win, Tails You Lose

By Prabir Purkayastha, the founder and editor in chief of Newsclick. He is the president of the Free Software Movement of India and is an engineer and a science activist. Produced in partnership by Newsclick and Globetrotter, a project of the Independent Media Institute Trump’s Iran policy is akin to that of a schoolyard bully. […]

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Reforestation as a Solution for Carbon Capture: Hype and Reality

By Lambert Strether of Corrente A new study from the Crowther Lab at the Swiss Federal Institute of Technology in Zurich published in Science (paywalled, but here is the original) has come out with a new report recommending reforestation as a (partial) solution to carbon capture. The report has gotten a lot of great press […]

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Farewell, Flat World

Lambert here: “A peaceful land, a quiet people. That has always been my rule. Make it yours.” –Roose Bolton to Ramsay Bolton By Jean Pisani-Ferry, who holds the Tommaso Padoa Schioppa chair of the European University Institute in Florence and is a Senior Fellow at Bruegel, the European think tank. Cross-posted from Bruegel. Fifty years […]

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Ilargi: Memo to the US – The Winds are Shifting

By Raúl Ilargi Meijer, editor of Automatic Earth. Originally published at Automatic Earth How do you define terror? Perhaps, because of the way the term has evolved in the English language, one wouldn’t call the west ‘terrorists’ per se, but ‘we’ are certainly spreading terror and terrorizing very large groups of people. Yeah, bring on […]

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Michael Hudson Discusses the IMF and World Bank: Partners In Backwardness

Yves here. Get a cup of coffee. This interview with Michael Hudson on the role of the IMF and World Bank has lots of juicy detail. From Guns and Butter, produced by Bonnie Faulkner, Yarrow Mahko and Tony Rango. Visit them at gunsandbutter.orgto listen to past programs, comment on shows, or join their email list […]

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U.N. Report: ‘Human Rights Might Not Survive’ Climate Crisis

Yves here. I have trouble understanding how U.N. officials chose to present what they clearly view as an urgent message. Rights don’t matter much to people who are starving or suffering from debilitating diseases. Why is the U.N. not willing to say, “The survival of large numbers of the poor and even one-time middle class […]

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Mobility and the Desire for Sovereignity in Europe

By Gianmarco Ottaviano, Professor of Economics, Bocconi University. Originally published at VoxEU Economic geography strikes back. After a couple of decades of easy talk about the ‘death of distance’ in the age of globalisation, the promise of a world of rising living standards for all is increasingly challenged by the resilience of regional disparities within […]

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One Hundred Years After World War I, Are We Heading Back to the Abyss?

Yves here. While the author of this article focuses on the rise of authoritarian leader as a cause for concern, that is arguably too personal a focus. Economic shocks like the financial crisis and the aftermath of the fall of the USSR typically move the political center of gravity to the right. The runup to […]

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Trade Wars in the Global Value Chain Era

By Emily Blanchard, Associate Professor, Tuck School of Business, Dartmouth College. Originally published at VoxEU The nature of global commerce has changed dramatically over the past 40 years, with the meteoric rise of global value chain trade. This column, taken from a recent Vox eBook, builds on insights from recent research to identify three critical […]

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Whether It’s the New NAFTA or the Old NAFTA, It Serves the 1 Percent

By Leo W. Gerard, the international president of the United Steelworkers Union (USW). Produced by the Independent Media Institute Mick Mulvaney, a millionaire who is President Trump’s acting chief of staff and director of the Office of Management and Budget, awarded himself another job last week: spokesman for labor. Referring to the proposed new NAFTA, […]

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