DEVELOPMENT: Economic Boom Worsened De-industrialisation of LDCs - IPS ipsnews.net - 7 views
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There is a need for transaction tax on trade in commodity derivatives (financial instruments linked to future prices of underlying assets) and for more schemes to deal with the stabilisation of commodity prices. Panitchpakdi indicated concern over the excess of liquidity driving up the prices of maize and wheat in 2010.
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Arabica Robusta on 27 Nov 10Slow down the financial economy, roughly to the speed of the real economy.
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"Globalisation has not treated everyone equally," added Zeljka Kozul-Wright, chief of the LDCs section at UNCTAD. "LDCs are on the losing side because of their dependence on commodities export. During the boom period, dependence on commodities export increased while manufacturing sectors declined."
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