New York, 26 Jun (Bhumika Muchhala) -- The bailouts given to companies in developed countries have destroyed the framework of the multilateral trading system for a level playing field, according to the Nobel prize-winning economist Joseph Stiglitz.
Speaking at the UN conference on the global financial and economic crisis, Stiglitz said that the massive bailouts and stimulus programmes of the rich countries have "destroyed the framework for an international and multilateral global playing field for trade."
Geneva, 25 Jun (Kanaga Raja) -- The global economic crisis, which has reached the African continent, requires the re-examination of existing approaches to international development, with one important response being deeper regional integration to address the long-standing structural weaknesses of African economies, the UN Conference on Trade and Development (UNCTAD) said Thursday.
New York, 24 Jun (Meena Raman) -- The UN Conference on the "World Financial and Economic Crisis and its Impact on Development" opens Wednesday morning with speeches by UN dignitaries and some political leaders that have gathered here to discuss ways and means to address the crisis.
However, the main event will be whether a Main Committee decides to adopt a draft outcome document that has been transmitted to it by diplomats who have been negotiating intensely in the past few months.
WOW - when's the last time 106 congressional Representatives - 9 full committee chairs and 40 subcommittee chairs included - were original cosponsors of any legislation, much less agreed on a new way forward on the contentious issue of trade?
Date: 18 June, 2009
Dear Prime Minister Mr. Manmohan Singh,
As the newly formed UPA coalition government is just settling in to govern for the next five years, there is news that Commerce Minister Anand Sharma is already on his way to the United States (US) to bilaterally iron out differences to seal the trade deal that was launched during the World Trade Organisation's (WTO) 4th Ministerial Meeting in Doha. At stake in these trade negotiations are hundreds of millions of livelihoods in the farming and non-agriculture sectors that India has fought hard to preserve over the past eight years since the launch of the Doha Development Round.