December 2011

Trade-offs in economic policy choices

The Nation, 28 December, 2011
The mad pursuit on part of Pakistan for pushing too strongly on free-market policies needs to take a back seat, at least for the time being.

Brazil beams with pride over sixth-place economic ranking

Jakarta Globe, 28 December 2011
Brazil beamed with pride on news that it has powered past Britain to become the world’s sixth biggest economy but officials say it will take another 20 years before the country can match the Europeans’ standard of living.

Economic growth has made the developing world less dependent on aid

The Guardian, 27 December, 2011
A new generation of leaders, business friendly policies, technology, the spread of peace, and strong demand for natural resources have helped Africa to withstand the global downturn.

India not to sign legally binding pacts on emission cuts: Govt

The Economic Times, 27 December, 2011
India will not sign any legally binding global agreement for emissions reduction, as the country needs to eradicate poverty through economic growth, Environment Minister Jayanthi Natarajan said.

Pascal Lamy announces study on trade situation as ministers pledge commitment to multilateralism

WTO News, 15 December, 2011
WTO Director-General Pascal Lamy told the opening session of the Geneva Ministerial Conference on 15 December 2011 that he will convene a “panel of multi-stakeholders of the WTO” for a year-long study of present and future trade.

Trade can play a role in addressing climate change

WTO News, 05 December, 2011
The WTO is participating in the Durban Climate Change Conference taking place from 28 November to 9 December 2011. One of the topics being discussed at the conference is how trade intersects with climate change in various ways and how it can help mitigate and adapt to climate change by increasing trade opening for “climate-friendly” goods and facilitating access to key mitigation and adaptation technologies.