“New protectionist (‘Buy American’/’Buy European’) industrial policy in the rich world is in tension with the agenda of developmentalist states in Asia.”
Read HERE
Climate Crisis
Irene Casado Sanchez, Jackie Botts – A program meant to help developing nations fight climate change is funneling billions of dollars back to rich countries
‘Climate finance’ from the global north to the global south is just high-interest loans, sometimes tied to obligations to source materials for green projects from rich countries. In ‘Reuters’. Read the article HERE.
EU politics
Reuters: Unions accuse Chevron of ‘massive’ tax avoidance via the Netherlands
International and Dutch unions filed a complaint with a global trade body on Tuesday accusing Chevron Corp. (CVX.N) of funneling billions of euros through letter box companies in the Netherlands to avoid taxation. This will […]
Austerity
Bill Mitchell – When disaster strikes the poorest nations, the IMF guarantees to make it worse
While even many progressive economists were effusive about the advances being made in IMF policy the same neo-liberal destruction continues in practice. Read here
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