Multilateralism under Challenge: Analyzing the Tenth WTO Ministerial Conference

By Biswajit Dhar | Guest Blog | December 28, 2015
Tenth WTO Ministerial Conference  - Day 2 - Information Technology Agreement press conference

Very few among the ardent observers of the World Trade Organization (WTO) had held any hope that the 10th Ministerial Conference held recently in Nairobi would provide some direction to the seemingly rudderless organisation. The run-up to the Nairobi Ministerial was unlike any of the previous Ministerial Conferences as most of the members did not show much interest in drawing up an agenda for the members from the 162 members to discuss and take decisions. It was not very…

A First Glance at the Investment Chapter of the TPP Agreement

By Luke Eric Peterson | Guest Blog | November 13, 2015
Tpp2

Following the release of the full text of the Trans-Pacific Partnership (TPP) agreement, IAReporter has made an initial reading of the agreement’s investment chapter (Chapter 9) and some notable features of this chapter are discussed in this blog. In broad terms, the agreement’s investment chapter (click to download) looks familiar – particularly in relation to other recent U.S. investment treaties and FTAs. The agreement makes some of the same familiar concessions to public concern that have been…

The Artificiality of Greek Debt and its Odious Nature

Ilias Bantekas | Guest Blog | June 24, 2015
Greece crisis for website1

In April 2015, the President of the Parliament of the newly-elected government of Greece set up a Committee on the Truth about the Public Debt. This was composed of Greek and foreign experts, economists lawyers and others, as well as members of grassroots organisations. All members offered their services pro bono. The object of the Committee was to investigate how Greek foreign debt had accumulated from 1980 to 2014.

In June 2008, Greek public debt was about 252 billion Euros,…

$95-Billion Tax Benefits for Companies, Individuals, Up 7%

IndiaSpend Team | Guest Blog | March 3, 2015
Tax Bonanza1

While the central government is expected to earn a tax revenue of Rs 919,842 crore ($148 billion) for the financial year 2015-16, it is expected to forego revenue of Rs 589,285.2 crore ($95 billion) in 2014-15 due to exemptions granted to companies and individual taxpayers. This forgone revenue, or tax benefits, is twice the defence budget allocation of Rs 247,000 crore in 2014-15. Tax-revenue  forgone is a contentious issue–an “incentive” or a “sop”, depending on ideological position–and becoming more so at a time when the…

Public-Private Partnerships, Financial Extraction and the Growing Wealth Gap

Nicholas Hildyard | Guest Blog | December 8, 2014
PPPs

Wealth is increasingly concentrated in fewer and fewer hands. The gap between rich and poor is widening between and within countries all over the world, a trend that “menaces vigorous societies” says Will Hutton, the former editor-in-chief of the UK’s Observer newspaper. But such growing inequality does not come about by itself. “It is a proxy”, says Hutton, “for how effectively an elite has constructed institutions that extract value from the rest of society.”

Public-Private Partnerships are one such institution.

PPPs come…