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Arabica Robusta

DEVELOPMENT: Economic Boom Worsened De-industrialisation of LDCs - IPS ipsnews.net - 0 views

  • "But higher commodity prices -- of mainly oil and gas -- have not solved the issues of price fluctuation and dependence on commodity export," he noted. This pattern of growth is "non-sustainable" and "non-inclusive".
  • UNCTAD proposes a "New International Economic Architecture" that goes beyond aid and trade to include technology, commodities and climate change.
  • "In NAMA (the non-agricultural market access negotiations) we have to be able to maintain the (original) developmental perspective of the Round to help countries diversify; get value addition; deal with tariff peaks and escalation; and eliminate all trade distortions. We should not add and add agendas in NAMA."
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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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    "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."
Arabica Robusta

Terraviva EUROPE - 0 views

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    ''Africa is not a basket case. The continent is just suffering from the effects of events that it has no hand in and cannot control.'' These are the remarks of Ekplom Afeke, a Togolese activist who is attending the 12th meeting of the United Nations Conference on Trade and Development (UNCTAD) currently underway in Accra, Ghana. Afeke says the continent has been deprived of trade and investment over decades. If that has not been bad enough, the effects of poor environmental management outside the continent are today compounding Africa's crisis of poverty.
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