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Dangers to the global economy from many left behind by the tech and trade changes of the last 2 decades that have benefitted some sectors and groups and hurt others. Turning to populist political appeals those who feel left behind and suffer the effects of a lack of intergenerational mobility could lead the world into a period of protectionism and nationalist upheaval. This would reverse many of the changes that delivered prosperity for the four decades after World War II.
Grouped Articles
Globalization: Capitalism Should Be Nicer | ZEIT ONLINE
ZEIT ONLINE 07/29/2016
World Trade Set For Slowest Yearly Growth Since Global Financial Crisis
WSJ 09/27/2016
WTO lowers trade growth forecast | Business | DW.COM | 27.09.2016
DW.COM 09/27/2016
More Wealth, More Jobs, but Not for Everyone: What Fuels the Backlash on Trade
The New York Times 09/28/2016
12/19/2016
On Globalization, China and Trump Are Closer Than They Appear
WSJ 01/27/2017
Grouped Articles
South Africans Head to Polls Amid Fierce Challenge to Party of Mandela
The New York Times 08/02/2016
A.N.C. Loses Pretoria, South Africa’s Capital, as Setbacks Mount
The New York Times 08/06/2016
A Seismic Shock for Jacob Zuma
The New York Times 08/09/2016
The Economist 08/11/2016
Zuma under fire for sacking finance minister | Africa | DW.COM | 31.03.2017
DW.COM 03/31/2017
‘The promises are empty’: South Africans vote, but the nation’s young people abstain in droves
Washington Post 05/11/2019
Poorer developing countries have a large informal economy which does not generate tax revenue. These countries depend on foreign investment, taxes on transactions and the small formal economy to generate tax revenue. Angel Gurria, head of the OECD, says ppor countries lose three times what they get in foreign aid because of tax evasion. Estimates show that about half of foreign investment coming to poor countries comes through tax havens. Typical is a transaction by Vodafone that bought Hutchison Essar in India in an offshore to offshore transaction because both companies are based in tax havens in places like the Netherlands and Mauritius. If this was not the case it would generate $2.2 billion in tax revenues for India, about what it costs to provide subsidized meals to schoolchildren in India, according to Max Bearak of the Washington Post. The Panama Papers Scandal in 2016 revived the issue of tax havens, and tax evasion, that was a major issue in the media coverage following the 2008 financial crisis.
Grouped Articles
How global tax evasion keeps poor countries poor - The Washington Post
Washington Post 04/08/2016
Fact-Checking Apple’s Claims on E.U. Tax Ruling
The New York Times 08/31/2016
Poorer developing countries have a large informal economy which does not generate tax revenue. These countries depend on foreign investment, taxes on transactions and the small formal economy to generate tax revenue. Angel Gurria, head of the OECD, says ppor countries lose three times what they get in foreign aid because of tax evasion. Estimates show that about half of foreign investment coming to poor countries comes through tax havens. Typical is a transaction by Vodafone that bought Hutchison Essar in India in an offshore to offshore transaction because both companies are based in tax havens in places like the Netherlands and Mauritius. If this was not the case it would generate $2.2 billion in tax revenues for India, about what it costs to provide subsidized meals to schoolchildren in India, according to Max Bearak of the Washington Post. The Panama Papers Scandal in 2016 revived the issue of tax havens, and tax evasion, that was a major issue in the media coverage following the 2008 financial crisis.
Grouped Articles
How global tax evasion keeps poor countries poor - The Washington Post
Washington Post 04/08/2016
Fact-Checking Apple’s Claims on E.U. Tax Ruling
The New York Times 08/31/2016
Grouped Articles
IMF’s African Push Reopens Old Wounds
Wall Street Journal 03/05/2016
Young, Urban and Poor: Africans Fight Back
WSJ 02/05/2019
Grouped Articles
Barclays Shares Fall More Than 10% on Dividend Cut, Wider Loss
Wall Street Journal 03/02/2016
Barclays, Posting Loss, Plans to Reduce Business in Africa
New York Times 03/01/2016
Grouped Articles
Emerging-Market Debt: How Big a Threat Is It?
Wall Street Journal 02/16/2016
Grouped Articles
New York Times 12/30/2015
Obama and Xi Formally Commit U.S. and China to Paris Climate Accord
The New York Times 09/03/2016
Paris climate deal: US and China announce ratification - BBC News
BBC News 09/03/2016
Trump Picks Scott Pruitt, Climate Change Dissenter, to Lead E.P.A.
The New York Times 12/07/2016
Trump Picks Scott Pruitt, Climate Change Dissenter, to Lead E.P.A.
The New York Times 12/07/2016
Clean Energy ‘Moving Forward’ Despite Trump’s E.P.A. Pick, Experts Say
The New York Times 12/09/2016
Grouped Articles
Nurturing Talent Is Hard in Africa
Wall Street Journal 12/09/2015
Grouped Articles
Nurturing Talent Is Hard in Africa
Wall Street Journal 12/09/2015
Grouped Articles
MTN Chief Executive Resigns After Nigerian Fine
Wall Street Journal 11/10/2015
Grouped Articles
Global Demand Growth for Oil May Fall by a Third in 2016
Wall Street Journal 10/22/2015
The Global Battle for Oil Market Share
Wall Street Journal 12/16/2015
Oil Plunge Sparks Bankruptcy Concerns
Wall Street Journal 01/12/2016
How American Shale Drillers Flipped OPEC’s Script
WSJ 05/24/2017
Dangers to the global economy from many left behind by the tech and trade changes of the last 2 decades that have benefitted some sectors and groups and hurt others. Turning to populist political appeals those who feel left behind and suffer the effects of a lack of intergenerational mobility could lead the world into a period of protectionism and nationalist upheaval. This would reverse many of the changes that delivered prosperity for the four decades after World War II.
Grouped Articles
Globalization: Capitalism Should Be Nicer | ZEIT ONLINE
ZEIT ONLINE 07/29/16
World Trade Set For Slowest Yearly Growth Since Global Financial Crisis
WSJ 09/27/16
WTO lowers trade growth forecast | Business | DW.COM | 27.09.2016
DW.COM 09/27/16
More Wealth, More Jobs, but Not for Everyone: What Fuels the Backlash on Trade
The New York Times 09/28/16
12/19/16
On Globalization, China and Trump Are Closer Than They Appear
WSJ 01/27/17
Grouped Articles
‘I Dream in Fruit’: What Hunger Looks Like in Syria
10/28/16
Grouped Articles
Weak Oil Prices Curbing Production
Wall Street Journal 04/13/16
Oil prices, financial markets sink after production limit plan fails - The Washington Post
Washington Post 04/18/16
How American Shale Drillers Flipped OPEC’s Script
WSJ 05/24/17
The $40 billion estimate of loss to the U.S. Treasury from tax havens is by Robert Morgenthau, U.S. District Attorney for Manhattan. The 3-10 times foreign aid estimate of loss in tax revenues for poor countries dependent on such taxes because of large informal economies, is from Angel Gurria, head of OECD for three times, and as high as ten times from the Tax Justice Network. This means poor infrastructure development, fewer roads and less spent on education and healthcare in poor countries with desperate needs especially in Africa and parts of northern India, Pakistan. Its not just poor countries, as the U.S. also needs the money to replace older crumbling infrastructure, an issue in the 2016 U.S. presidential campaign
Grouped Articles
How global tax evasion keeps poor countries poor - The Washington Post
Washington Post 04/08/16
The New York Times 08/12/16
Fact-Checking Apple’s Claims on E.U. Tax Ruling
The New York Times 08/31/16
The $40 billion estimate of loss to the U.S. Treasury from tax havens is by Robert Morgenthau, U.S. District Attorney for Manhattan. The 3-10 times foreign aid estimate of loss in tax revenues for poor countries dependent on such taxes because of large informal economies, is from Angel Gurria, head of OECD for three times, and as high as ten times from the Tax Justice Network. This means poor infrastructure development, fewer roads and less spent on education and healthcare in poor countries with desperate needs especially in Africa and parts of northern India, Pakistan. Its not just poor countries, as the U.S. also needs the money to replace older crumbling infrastructure, an issue in the 2016 U.S. presidential campaign
Grouped Articles
How global tax evasion keeps poor countries poor - The Washington Post
Washington Post 04/08/16
The New York Times 08/12/16
Fact-Checking Apple’s Claims on E.U. Tax Ruling
The New York Times 08/31/16
Grouped Articles
IMF’s African Push Reopens Old Wounds
Wall Street Journal 03/05/16
Young, Urban and Poor: Africans Fight Back
WSJ 02/05/19
Grouped Articles
Barclays Shares Fall More Than 10% on Dividend Cut, Wider Loss
Wall Street Journal 03/02/16
Barclays, Posting Loss, Plans to Reduce Business in Africa
New York Times 03/01/16
Grouped Articles
Oil Plunge Sparks Bankruptcy Concerns
Wall Street Journal 01/12/16
Weak Oil Prices Curbing Production
Wall Street Journal 04/13/16
How American Shale Drillers Flipped OPEC’s Script
WSJ 05/24/17
Grouped Articles
South Africa’s Rand Falls to Record Low After Finance Minister’s Dismissal
Wall Street Journal 12/12/15
Zuma under fire for sacking finance minister | Africa | DW.COM | 31.03.2017
DW.COM 03/31/17
Moody's downgrades South Africa over politics, debt | News | DW | 10.06.2017
DW.COM 06/10/17
End of Apartheid in South Africa? Not in Economic Terms
The New York Times 10/24/17
South Africa Sees Fresh Start for Economy, With the Same Challenges
The New York Times 02/15/18
Opinion | South Africa’s Zuma Leaves Behind a Broken Democracy
The New York Times 02/14/18
Grouped Articles
First Dengue Fever Vaccine Approved by Mexico
New York Times 12/09/15
Brazil Approves Sanofi’s Dengue Vaccine
Wall Street Journal 12/29/15
Grouped Articles
In Nigeria, Chinese Investment Comes With a Downside
New York Times 12/05/15
The expansion is leading to further price declines.
Grouped Articles
Why Miners Keep Expanding, as Prices Collapse
Wall Street Journal 10/23/15
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