In the latest news and analsis…
The UN says donors are not living up to their promises in Haiti and around the world.
“There is a troubling distance between what we have promised and what we are actually doing to support the global partnership for development. And that gap is expected to widen,” according to UN Secretary General Ban Ki-moon.
Wired’s Danger Room reports on the difficulties encountered by the US, which has sold 17.5 tons of fissile material to other countries over the last 60 years, as it seeks to “secure all vulnerable nuclear material” worldwide.
“And there’s just one other problem. Subtracting all the nuke material that’s been accounted for and secured still leaves 2,700 kg — nearly three tons — outstanding. And that’s enough material to make dozens of nuclear weapons.”
The drug hemisphere
The White House’s new list of major drug producing or transit countries names 22 states, of which 17 are in the Americas.
“Pursuant to section 706(1) of the Foreign Relations Authorization Act, Fiscal Year 2003 (Public Law 107-228)(FRAA), I hereby identify the following countries as major drug transit or major illicit drug producing countries: Afghanistan, The Bahamas, Belize, Bolivia, Burma, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, India, Jamaica, Laos, Mexico, Nicaragua, Pakistan, Panama, Peru, and Venezuela.”
In a piece carrying the headline “Licence to Loot,” the Economist looks into international efforts to end the secrecy surrounding beneficial ownership of companies.
“Campaigners and, increasingly, criminal-justice agencies want the rules tightened—and not only in faraway islands. The case for this is highlighted in “The Money Laundry”, a new book by Jason Sharman, an Australian academic. As a test, he tried creating companies in various places without using a real (verified) ID. Of the 47 providers of registration services he approached in OECD countries, no fewer than 35 agreed to form shell companies without requiring proper documents. Some also helped to open bank accounts. Classic tax havens were on the whole much more rigorous.”
Global Financial Integrity’s Tom Cardamone writes about a new paper entitled “Busting Bribery: Sustaining the Global Momentum of the Foreign Corrupt Practices Act” authored by a pair of American law professors to counter the US Chamber of Commerce’s recent campaign against the anti-bribery legislation.
“To the idea that a company could be insulated from a charge of bribery if it had an anti-corruption program in place [Harvard’s David] Kennedy and [Northeastern’s Dan] Danielsen note that this would merely allow corporations to implement ‘fig leaf’ FCPA compliance programs in order to avoid criminal culpability. Rather than leveling the playing field as the Chamber suggests, this provision could increase the incidents of bribery while reducing the likelihood of conviction.”
Democratizing the IMF
According to the findings of a Center for Global Development online survey, development workers in 81 countries overwhelmingly favour an end to Europe’s exclusive hold on the International Monetary Fund’s leadership.
“First, both European and non-European participants reject Europe’s traditional selection prerogative by large margins, with equally strong support for an open, transparent, competitive selection process. Agreement with an open process characterizes 92 percent of respondents from low-income countries, 90 percent from middle-income countries, and 84 percent from high-income countries.”
Calling voluntary guidelines inadequate, a UN expert called on national governments to stand up to the food industry by imposing taxes and tougher regulations on unhealthy foods that kill about 3 million people per year worldwide.
“It is crucial for world leaders to counter food industry efforts to sell unbalanced processed products and ready-to-serve meals too rich in transfats and saturated fats, salt and sugars. Food advertising is proven to have a strong impact on children, and must be strictly regulated in order to avoid the development of bad eating habits early in life,” according to Special Rapporteur on the Right to Food Olivier De Schutter.
Mother Jones food and agriculture blogger Tom Philpott rejects the Wall Street line that soaring demand and relatively stagnant supply, rather than rampant speculative trading, explain the record food prices that have pushed millions into poverty and hunger around the globe.
“One way that investors morally justify the price surge they have set off is by arguing that while it might boost hunger in the short term, higher prices draw additional investment into agriculture, which will help “feed the world” going forward. But this, too, is hype. Indeed, commodities aren’t the only ag-related bubble now in the process of puffing up—prices of farmland, too, have exploded as investors search for new ways to cash in on Wall Street’s food pitch. And as investors snatch up farmland in places like Africa and Latin America for export crops, the amount of land devoted to feeding low-income residents of those places dwindles, and food insecurity rises.”
Intellectual Property Watch reports on concerns that next week’s UN summit on non-communicable diseases will concentrate on prevention to the exclusion of a much-needed debate on treatment as NCDs become a bigger problem in poor countries.
“But public health advocates see a coming crisis in treatment and want measures now to address it. For instance, Health Action International issued a briefing paper this week showing medicine prices are often too high for those on low wages, and urging the summit to ‘refocus on the attainable goal of universal access to essential medicines as a core priority for the treatment of NCDs.’
London School of Economics PhD student Karl Muth argues Carnegie Mellon University is set to “sow the seeds of African neoliberalism” with its announcement of a planned new campus in Rwanda’s capital, Kigali.
“However, liberal universities have a history of large influence in post-conflict zones, particularly in places recovering from internal conflict. While the influence of the Chicago Boys after the 1973 Chilean coup is the most famous example, various neoliberal institutions have had more subtle effects, from encouraging the rapid evolution of economic policy in the Philippines to opposing minimum wage laws in post-handover Hong Kong. The disorder of post-internal-conflict political reformation combined with the fact that incoming regimes are more likely to have military might than economic expertise allows foreign institutions to have disproportionately more influence.”