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In-depth this week: Agriculture and food sovereignty
The Government of Ghana anounced that it's studying tariff and non-tariff measures to restrict the importation of poultry products, after local analysts warned that those purchases are harming the national economy. "Imported chicken is being sold at below the cost of local chicken, and farmers in Ghana cannot simply compete, resulting in the collapse of dozens of farms and the loss of hundreds of jobs," said Yaw Graham, expert of the Third World Network-Africa (TWN-A), focal point of Social Watch.
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In-depth this week: UN reform
Some 50 civil society organisations from all over the world claimed this week for the creation of an Intergovernmental Commission on International Cooperation on Tax Matters to protect nations from abusive practices, including evasion and the race to the bottom in corporate taxation. The claim is headed by the international networks of development groups Eurodad, CIDSE, ActionAid, Christian Aid and the Tax Justice Network (TJN), and the Danish group Ibis.
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In-depth this week: Poverty
One of the “huge mistakes” defended “as great truths” in Paraguay is that businesspeople “pay a lot” to the revenue service while in fact “direct taxation, which is the most unfair, is the largest” and “poor people end up paying more than the rich”, according to a report by economist José Carlos Rodríguez. The report was presented this month at the launching of the programme “Impuestos justos para inversión social” [Fair taxes for social investment] promoted by the Campaña por la Expresión Ciudadana-Decidamos (national focal point of Social Watch) and Centro de Documentación y Estudios.
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In-depth this week: Free Trade Agreements - FTAs
The financial and economic crisis has revealed the fundamental problems of the free trade paradigm: free trade can lead to huge trade surpluses and deficits among countries with unequal trade capacity and unequal trade, economic and social policies. These trade imbalances and resulting current account deficits were first blamed to have contributed to the crisis and are now considered to be an obstacle to recovery of those countries with a trade deficit, such as the US, and create foreign exchange problems for some countries face.
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In-depth this week: The global financial crisis: implications for the South
Civil society organizations from 41 countries, urge G-20 leaders to make concrete progress towards the introduction of an internationally coordinated financial transactions tax (FTT) at the upcoming summit in Seoul.
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The Doha Non-governmental organization Group on Financing for Development (DNG) is an international coalition of civil society organizations serving as the NGO facilitating body to the official UN Financing for Development (FfD) process and engaged in the monitoring of the various agenda items of the Monterrey Consensus.

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Developing countries very vulnerable to global economic crisis, UN role is vital: South Centre speech at UN
Mon Jul 23 2012 - Source: Third World Network
The world economy is as fragile today as in 2009. Developing countries are very vulnerable to a slowdown caused by the Eurozone crisis. There has been no global reforms and the G20 is ineffective. Thus the role of the UN on global economic issues is vital. These are highlights of the speech by the South Centre’s Chief Economist at the UN General Assembly High Level Thematic Debate on the State of the Global Economy in New York on 18 May.
World economy in vicious cycle hindering transition, warns BIS
Thu Jul 12 2012 - Source: Third World Network
Five years after the outbreak of the financial crisis, the global economy is caught in a vicious cycle in which adjustment efforts of governments, households, business and financial sectors are worsening prospects for each other, and the path for balanced self-sustaining growth remains a difficult, and unfinished task, warns the Bank for International Settlements (BIS) in its annual report, released Sunday.
What now for European monetary union?
Thu Jul 12 2012 - Source: Third World Network
The Basel-based Bank for International Settlements (BIS) has joined a growing chorus of global institutions and leaders calling on the eurozone countries to quickly act to bring about more financial and fiscal integration, and strengthen the institutional foundations of the currency union itself.
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