Latest Developments, October 24

In the latest news and analysis…

Unspeakable issue
The New York Times reports that, for the first time since 1988, climate change did not come up during the US presidential debates:

“Throughout the campaign, the candidates have talked a great deal about energy, but it has essentially been a competition in who could heap the most praise on fossil fuels. They tended to avoid any explicit linkage between their energy proposals and climate risk.

‘No candidate has been able to portray climate change policy as a win-win,’ Eugene M. Trisko, a lawyer and consultant for the United Mine Workers of America, said on Tuesday. ‘That’s because they understand that the root of climate change mitigation strategy is higher energy costs. It’s an energy tax, and that’s something you don’t want to talk about in a debate.’ ”

Disposition matrix
The Washington Post reports on a new American database, the “disposition matrix,” suggesting the US government intends to continue carrying out targeted killings for years to come:

“The matrix contains the names of terrorism suspects arrayed against an accounting of the resources being marshaled to track them down, including sealed indictments and clandestine operations. U.S. officials said the database is designed to go beyond existing kill lists, mapping plans for the ‘disposition’ of suspects beyond the reach of American drones.
Although the matrix is a work in progress, the effort to create it reflects a reality setting in among the nation’s counterterrorism ranks: The United States’ conventional wars are winding down, but the government expects to continue adding names to kill or capture lists for years.”

Phantom menace
Human Rights Watch’s Bill Frelick and Bangkok-based human rights lawyer Michael Timmins slam the apparent spread of Australia’s “punitive asylum policies” to neighbouring New Zealand:

“The bill provides for the near-automatic detention for six months and beyond of so-called ‘mass arrivals’ (11 people or more) by boat or other unscheduled craft who are ‘potentially illegal.’
What mass arrivals? Notwithstanding 18th and 19th century Europeans who might have met the bill’s ‘mass arrivals’ definition, no modern-era boatload of asylum seekers has ever reached New Zealand. Even if one were to arrive, this would in no way overload New Zealand’s existing asylum system. The hypothetical ‘risk’ does not justify the abdication of principle.”

Justice deferred
The Wall Street Journal reports that the UK looks set to adopt deferred-prosecution agreements, a tool much used by US prosecutors in the fight against corporate wrongdoing, such as the bribing of foreign officials:

“Under a deferred-prosecution agreement, criminal charges would be dropped after a period of time if an organization complies with the terms of a deal, which could include the imposition fines, disgorgement and orders to implement measures to prevent future wrongdoing.

The [US] agreements don’t require a judge’s involvement, and there’s no one to question the fairness of the agreement or to second-guess its terms, as Dealbook’s Peter Henning pointed out in September.
Under the U.K. proposal, however, a judge will have the power to block an agreement if they don’t agree that the settlement is appropriate, the consultation report said.”

Stolen oil
Reuters reports that a Nigerian politician has begun campaigning for a global solution to his country’s oil-theft problem, given that an estimated 90% of Nigeria’s pilfered crude ends up on world markets:

“Oil companies say so called ‘bunkering’ — tapping into oil pipelines to steal the crude — and other forms of oil theft are on the rise in Nigeria, despite an amnesty that was meant to end a conflict there in 2009 over the distribution of oil wealth.
Yet while local gangs hacking into pipelines to steal small quantities for local refining are the most visible sign, it is industrial scale oil theft involving collusion by politicians, the military, Western banks and global organised crime that is the real drain on Nigeria’s resources, [Niger Delta politician Dele Cole] said.
‘International theft is diverting huge quantities … and the sophistication of the exercise — from breaching the pipeline, to having barges, to knowing when ships are at the port, to being paid — is major,’ he said.”

Unwanted comeback
Reuters also reports that malaria “is being transmitted from person to person within Greek borders” for the first time since 1974:

“Species of the blood-sucking insects that can carry exotic-sounding tropical infections like malaria, West Nile Virus, chikungunya and dengue fever are enjoying the extra bit of warmth climate change is bringing to parts of southern Europe.
And with austerity budgets, a collapsing health system, political infighting and rising xenophobia all conspiring to allow pest and disease control measures here to slip through the net, the mosquitoes are biting back.”

Better than nothing
The BBC reports that 10 EU countries – including Germany, France, Italy and Spain – plan to forge ahead with a financial transaction tax despite failing to obtain the support of all 27 member countries:

“Governments across Europe have been implementing drastic austerity measures to cut debt levels, and taxing banks is seen by some as an important way to raise revenues, particularly while the economic recovery remains so fragile.
Opponents argue that unless it is adopted universally, the tax would drive business to financial centres that did not impose the tax.”

Stacked deck
The University of London’s Simon Reid-Henry argues that, while dependency theory has faced some valid criticism over the years, its focus on “the problems of uneven starting points and the structural unfairness of global capitalism” remains relevant today:

“And the underlying critique of western chauvinism (that western-style capitalist democracy is the best model for the rest) remains pertinent when people persist in talking of development ‘ladders’, for example. Perhaps more important, Frank’s belief that we too readily overlook the way that too many of the privileges of the rich nations are not only unearned but predicated upon the prior and active removal of that wealth from others is, if anything, making something of a comeback in these days of heightened discussion of inequality.”

Latest Developments, October 18

In the latest news and analysis…

Commitment to development
The Center for Global Development’s David Roodman and Julia Clark describe some of the changes to the latest edition of the Commitment to Development Index, which ranks rich countries “on how much their governments’ policies and actions support global prosperity”:

“Last year the troop surge in Afghanistan lifted the United States to first place on security. The CDI rewarded this military move because the U.N. Security Council continued to endorse the foreign intervention in Afghanistan. We decided in 2012 to impose an additional criterion for inclusion: an operation also needs to be reasonably describable as primarily intended to help the citizens of the country in question. The war in Afghanistan does not mean that test in our judgment. The 2011 intervention in Libya does.
The conception of ‘security’ has expanded beyond the use of force. Countries are now rewarded for participating in international security arrangements such as the International Criminal Court and Ottawa Treaty banning anti-personnel land mines.”

Setting priorities
Olivier De Schutter, the UN special rapporteur on the right to food, sketches out his vision of a “food security first” approach to biofuel development:

“The best practice cases of small-scale sustainable biofuel production may not be geared for exports. This is more than a coincidence: once the primary interest of agricultural systems becomes the cheap, bulk production of export commodities, the positive outcomes of smallholder engagement and intercropping of local staples are always likely to be lost.
The Institute for European Environmental Policy estimated that, to reach its initial 10% target for renewables in transport fuels, the EU would have had to import 41% of its biodiesel and 50% of its ethanol needs by 2020. So even with lower targets, dependence on imports – and therefore pressure on the structure of farming systems in the global south – are always the likely outcome of EU biofuel mandates.”

Drones over Yemen
Reuters reports that a US drone has killed nine suspected al Qaeda members in Yemen, based on eyewitness accounts of “six charred bodies and the scattered remains of three other people”:

“While Washington usually avoids comment on the strikes in Yemen, the UK-based Bureau of Investigative Journalism, which tracks U.S. operations, says as many as 56 civilians have been killed this year by drones.
Many Yemenis complain the U.S. focus on militants is a violation of sovereignty that is driving many towards al Qaeda and diverting attention from other pressing issues such as unemployment, corruption, water depletion and economic revival.”

Drone journalism
New York Times public editor Margaret Sullivan writes that her paper is not doing enough to inform readers about US drone policy:

“Since the article in May, its reporting has not aggressively challenged the administration’s description of those killed as ‘militants’ — itself an undefined term. And it has been criticized for giving administration officials the cover of anonymity when they suggest that critics of drones are terrorist sympathizers.
Americans, according to polls, have a positive view of drones, but critics say that’s because the news media have not informed them well. The use of drones is deepening the resentment of the United States in volatile parts of the world and potentially undermining fragile democracies, said Naureen Shah, who directs the Human Rights Clinic at Columbia University’s law school.
‘It’s portrayed as picking off the bad guys from a plane,’ she said. ‘But it’s actually surveilling entire communities, locating behavior that might be suspicious and striking groups of unknown individuals based on video data that may or may not be corroborated by eyeballing it on the ground.’ ”

Paris massacre
France 24 reports that French President François Hollande spoke of “bloody repression” as he marked the 51st anniversary of the killings of Algerian protesters by Paris police:

“On that fateful day, French police – under the leadership of Paris prefect Maurice Papon – brutally crushed peaceful demonstrations of Algerian anti-war protesters who had gathered in and around the French capital to protest against a French security crackdown in Algeria.

More than half-a-century later, the details surrounding the October 17 massacre – including the casualty figures – remain murky. A day after the demonstrations, the left-leaning French newspaper Libération reported the official toll as two dead, several wounded and 7,500 arrests. The death toll, however, was disputed by the [Algerian National Liberation Front (FLN)], which claimed that dozens were killed.  Many of the bodies were found floating in the River Seine.”

Bribe banking
The Sunday Times reports that British defence firm GPT used the UK’s biggest bank to funnel millions in alleged bribes to Saudi officials:

“HSBC accounts in London and New York were used to provide the alleged kickbacks as part of a money-laundering scheme. It was operated by the defence company to channel cash into private company accounts in the Cayman Islands.
It is claimed the payments form part of a total £72m in sweeteners paid by GPT Special Project Management to a Saudi prince who is a close relative of the ruler, King Abdullah.
The disclosure will raise fresh questions about HSBC, which was recently implicated by the US authorities in the laundering of billions of dollars for drugs barons and terrorists.”

Asset seizure
Reuters reports that Ecuadorean plaintiffs say a court has given them permission to seize $200 million of assets belonging to oil giant Chevron:

“The plaintiffs from villages in the oil-rich Amazon won an $18.2 billion case against the oil giant over claims that Texaco, bought by Chevron in 2001, contaminated the area from 1964 to 1992. Damages were increased to $19 billion in July.
Among the assets ordered turned over are $96.3 million that Ecuador’s government owes Chevron, money held in Ecuadorean bank accounts by Chevron, and licensing fees generated by the use of the company’s trademarks in the country, the plaintiffs said.”

Beyond aid targets
The Guardian reports that France’s development minister says he plans to focus more on “policies with the potential to help or hurt poor countries” than on traditional aid:

“On agriculture, particularly the common agricultural policy (CAP), which has been criticised for damaging the interests of poor countries despite reforms that have curbed the worst excesses, Canfin said France – where farmers have resisted CAP changes – would push for a ‘greener, more sustainable’ EU policy. On trade, he said France was willing to delay a 2014 deadline for completing economic partnership agreements (EPAs). EPAs are disliked by poor countries for forcing them to open their markes to competition that they cannot withstand. Canfin said France was willing to change the deadline to 2016, to allow more time to take into account the reservations of developing countries.”

Latest Developments, October 16

In the latest news and analysis…

Bad timing
Oxford University’s David Priestland argues the awarding of the Nobel peace prize to the European Union at this point in time is “distinctly odd”:

“The introduction of the euro changed the EU from an institution that used economic integration to promote peace to one that is sacrificing peace on the altar of free-market economics. Brussels is being rewarded for its pacific past at the very moment it is provoking civil strife.

Nor did Europe’s eirenic outlook always extend beyond its borders. Individual countries have sometimes played a far from peaceful role in the world – especially the French and British meddling in their former empires. Europe’s protectionism has also damaged the interests of the developing world.”

Development by force
Human Rights Watch’s Jessica Evans criticizes the World Bank’s support for Ethiopia’s controversial “villagization” program:

“Once forcibly evicted and moved to the new villages, families are finding that the promised government services often do not exist, giving them less access to services than before the relocation. Dozens of farmers in Ethiopia’s Gambella region told us they are being moved from fertile areas where they survive on subsistence farming, to dry, arid areas. Ojod’s family farm was on the river, but as part of the villagization program, the government took his farm and forced his family to relocate to a dry area. There are reports that this fertile land is being leased to multinational companies for large-scale farms.
The villagization program is an Ethiopian government initiative, not one designed by the World Bank. But villagization appears to be the government’s way of implementing a certain World Bank project in five of Ethiopia’s eleven regions.”

Colonial legacy
Radio France Internationale reports that French President François Hollande has promised to hand over archives relating to a massacre of Senegalese troops fighting for France during World War II:

“ ‘The dark side of our history includes the bloody repression at the Thiaroye camp in 1944 which caused the death of 35 African soldiers who fought for France,’ Hollande told the Senegalese parliament.

In a speech where he also paid homage to the victims of the slave trade, Hollande declared that the Françafrique policy, often criticised as neo-colonialist, is over.
‘There is France and there is Africa,’ he declared, adding that he was not going to give the Senegalese moral lectures, in an indirect reference to his predecessor Nicolas Sarkozy’s controversial speech in Dakar five years ago.”

Poisonous siege
The Independent reports on a new study linking the siege of Fallujah by Western forces during the Iraq War to the city’s “staggering rise” in birth defects:

“The latest study found that in Fallujah, more than half of all babies surveyed were born with a birth defect between 2007 and 2010. Before the siege, this figure was more like one in 10. Prior to the turn of the millennium, fewer than 2 per cent of babies were born with a defect. More than 45 per cent of all pregnancies surveyed ended in miscarriage in the two years after 2004, up from only 10 per cent before the bombing. Between 2007 and 2010, one in six of all pregnancies ended in miscarriage.”

Patent override
The Guardian reports that the Indonesian government has taken steps to allow seven “important” but patented medicines to be manufactured cheaply and locally:

“The biggest fights now are in India, where Big Pharma is battling to preserve its patents, arguing that India’s thriving generic companies will sell not just to the poor but to the whole world.
But what has happened in Indonesia is remarkable for its scale. It appears that the government of President Susilo Bambang Yudhoyono has decided to license the entire slate of medicines its population needs against HIV. It already had an order from 2007 for three older HIV drugs (efavirenz, lamivudine and nevirapine), but the new decree states specifically that this is ‘no longer sufficient’.
The drug patents belong to Merck, GSK, Bristol Myers Squibb, Abbott and Gilead.”

Tax hike
The New York Times reports that Mongolia is considering renegotiating the investment agreement it has with Anglo-Australian mining giant Rio Tinto regarding a $6 billion copper project:

“Last Monday, the caucus of Mongolia’s Democratic Party, which leads a coalition government in place since August, passed a budget proposal, which calls for a new sliding royalty on Oyu Tolgoi’s revenue that would rise to 20 percent depending on the copper price. The 2009 investment agreement set the royalty rate at 5 percent.
The new plan would also raise Oyu Tolgoi’s effective tax rate by eliminating income-tax allowances. The government would bring in 221.3 billion tugriks, or $160 million, from the royalty and 224.5 billion tugriks, or $163 million, from corporate income tax, according to estimates in the draft budget proposal.
This week, the plan is expected to reach Parliament, which will decide whether to adopt or modify the proposal.”

Paradigm shift
Intellectual Property Watch reports on a recent roundtable where one of the participants argued that global health justice will require “a body of hard and soft laws”:

“ ‘When I first entered global health, I thought global health was mostly about making rich countries devote resources to those who lack the capacity to do it,’ [Georgetown University’s Larry Gostin] said. This ‘is a northern view based upon guilt, but it is really the wrong view,’ he said.

There are still residual international responsibilities, but they are based on a flawed idea of international development assistance for health, which is ‘very much charitable-based, with a benefactor and a recipient.’ It is not justice-based, he said, and lacks a sense of shared responsibility, adding, ‘We need to change this paradigm.’ ”

Food futures
The Observer’s Heather Stewart decries the lack of action by rich-country governments to rein in the price of food, which she says depends more on “all-but-irrelevant events in Brussels or Berlin” than on supply and demand:

“Any tougher crackdown – forcing greater transparency about who is betting on what, with whom, for example – looks highly likely to be scuppered by the same kind of concerted lobbying that sank proposals for regulating other derivatives markets in the years before the crisis.
In the US, for example, the Commodity Futures Trading Commission is facing a legal battle over its attempts to impose ‘position limits’, constraining the share of the market single investors can hold in a number of commodities, including corn and cocoa. The proposal was struck down by a court in Washington, in a case brought by several financial sector trade bodies – though the CFTC has not given up on introducing position limits in some form.”

Latest Developments, October 11

In the latest news and analysis…

Legal precedent
The BBC reports that four Nigerian plaintiffs are taking oil giant Shell to court in the Netherlands over alleged pollution:

“It is the first time a Dutch multinational is being put on trial in a civil court at home in connection with damage caused abroad.

If the farmers’ case is successful it could set a legal precedent, paving the way for thousands of other compensation claims from those affected by oil spills, says the BBC’s Anna Holligan in The Hague.”

Accredited poachers
Reuters reports that “EU-approved vessels” account for the bulk of illegal fishing off Sierra Leone’s coast:

“The European Union has set up regulations to prevent vessels involved in so-called illegal, unreported and unregulated (IUU) fishing from accessing European markets.
An 18-month investigation conducted by the Environmental Justice Foundation (EJF), however, documented a long list of abuses including fishing inside exclusion zones, using banned equipment, and transhipping fish illegally at sea.
The majority of cases involved ships accredited to sell their seafood at EU ports.”

Fighting transparency
The Hill reports that US oil and business groups are suing to overturn new rules requiring the extractive industry to disclose payments made to foreign governments:

“The lawsuit, filed Wednesday with the U.S. District Court for the District of Columbia, escalates a battle between industry and human rights groups over controversial transparency rules required under the 2010 Dodd-Frank financial reform law.

‘Secrecy around payments enables corrupt government officials and political elites to siphon off or misappropriate revenues for personal gain, rather than development. It has been said that ‘sunshine is the best disinfectant’ – this lawsuit begs the question, what are oil companies trying to hide?,’ said Jana Morgan, assistant policy adviser with Global Witness.”

Swiss arms
Swissinfo reports that Switzerland is adopting new rules aimed at preventing the re-export of “war material” to conflict zones after Swiss grenades sold to the United Arab Emirates were found in Syria:

“Buyers will have to declare that they will not export, sell, lend or donate the material, or pass it on in any other way to a third party abroad, without the agreement of the Swiss authorities.
Where there is seen to be a high risk of the material nevertheless being passed on to ‘undesirable’ end users, the relevant Swiss authorities can stipulate that they shall have the right to make ‘post shipment inspections’ on the spot.
Where large amounts of material is exported, the declaration is to take the form of a diplomatic note from the receiving country.”

Gloomy forecast
Maplecroft has released its Food Security Risk Index for 2013, according to which 75 percent of African countries are at high or extreme risk:

“ ‘Food price forecasts for 2013 provide a worrying picture,’ states Maplecroft’s Head of Maps and Indices Helen Hodge. ‘Although a food crisis has not emerged yet, there is potential for food related upheaval across the most vulnerable regions, including sub-Saharan Africa.’
A September report by Rabobank, a financial specialist in agro-commodities, estimates that prices of food staples could rise by as much as 15% by June 2013, resulting in record highs that will squeeze household incomes in many countries.”

Big loss
Bloomberg reports that the US Supreme Court has refused to intervene in a lawsuit that saw a judge in Ecuador impose a $19 billion fine on oil giant Chevron:

“Without commenting on the merits of the case, the U.S. Supreme Court today let stand a federal appeals court ruling that a New York trial judge exceeded his authority when he blocked a group of Ecuadorean farmers and Indians from seeking to collect the $19 billion award anywhere in the world.

The justices’ action, although it doesn’t address the substance of the case, effectively eliminates one avenue for Chevron to avoid liability. The company has refused to pay the judgment in Ecuador. Since Chevron does not have any bank accounts or other assets in Ecuador, the plaintiffs have now filed separate collection actions seeking liens against Chevron assets in Brazil and Canada.”

Mass firings
CNN reports that mining company Gold One has fired 1,400 striking workers at a South African mine:

“It’s the latest twist in a wave of sometimes-violent labor unrest that has wracked South Africa’s mining sector — the country’s biggest industry — for nearly two months. Another company, Anglo-American Platinum, fired about 12,000 striking workers who declined to attend disciplinary hearings last week after a three-week walkout.”

Scramble for Burma
Focus on the Global South argues that the impending boom in foreign direct investment poses a threat to farming communities in Burma/Myanmar:

“Land grabs are now set to accelerate due to new government laws that are specifically designed to encourage foreign investments in land. The two new land laws (the Farmlands Law and the Vacant, Fallow and Virgin Land Law) establish a legal framework to reallocate so-called ‘wastelands’ to domestic and foreign private investors. Moreover, the Special Economic Zone (SEZ) Law and Foreign Investment Law that are being finalized, along with ASEAN-ADB regional infrastructure development plans, will provide new incentives and drivers for land grabbing and further compound the dispossession of local communities from their lands and resources. Land conflicts that are now emerging throughout the country will worsen as foreign companies, supported by foreign governments and International Financial Institutions (IFIs), rush in to profit from Burma/Myanmar’s political and economic transition period.”

Latest Developments, October 9

In the latest news and analysis…

Crimes of empire
The Guardian reports that a UK court ruling in favour of three Mau Mau veterans means the country’s government could face thousands of lawsuits over alleged torture “during the final days of the British empire”:

“The court on Friday rejected claims from the government’s lawyers that too much time had elapsed since the seven-year insurgency in the 1950s, and it was no longer possible to hold a fair trial. Last year the same high court judge, Mr Justice McCombe, rejected the government’s claim that the three claimants should be suing the Kenyan government as it had inherited Britain’s legal responsibilities on independence in 1963.
Human rights activists in Kenya estimate more than 5,000 of the 70,000-plus people detained by the British colonial authorities are still alive. Many may bring claims against the British government. The ruling may also make it possible for victims of colonial atrocities in other parts of the world to sue.”

Resource curse
The Guardian also reports that a new World Bank analysis suggests that poverty rates are declining faster in “countries without riches in the ground” than in their resource-rich counterparts:

“Some countries, such as Angola, Congo-Brazzaville and Gabon, have witnessed an increase in the percentage of the population living in extreme poverty.
The report confirms the common perception that, to a large extent, the benefits of growth have not reached the poorest segments of society. It raises questions for aid donors and African governments on how to deal with the ‘resource curse’, with strikes in South African mines providing a stark illustration of what is at stake.

The report noted that oil-rich countries systematically perform worse than any other country groups in terms of voice and accountability, political stability, rule of law and the control of corruption.”

Supranational democracy
Using the example of the eurozone, Harvard University’s Dani Rodrik argues that globalization and democracy are not necessarily incompatible:

“But combining market integration with democracy requires the creation of supranational political institutions that are representative and accountable.
The conflict between democracy and globalization becomes acute when globalization restricts the domestic articulation of policy preferences without a compensating expansion of democratic space at the regional/global level. Europe is already on the wrong side of this boundary, as the political unrest in Spain and Greece indicates.
That is where my political trilemma begins to bite: We cannot have globalization, democracy, and national sovereignty simultaneously. We must choose two among the three.”

Half-finished business
The Associated Press reports that the US government is under fire for not cleaning up its own mess on a former Puerto Rican bombing range:

“An extensive cleanup of the eastern portion of Vieques is years from being finished, but the government says it is ready to declare work completed on a nearly 400-acre site on the western side that was used to store and detonate expired munitions.
The former storage site was turned over to the U.S. Interior Department and declared a nature reserve. Under a proposal favored by the Navy, the cleanup of the area would be deemed complete even though about 200 acres has not been cleared of munitions debris, some potentially still live.

Navy officials say it would hurt the nature reserve by tearing up the dense vegetation to clear the remainder of the debris.”

Toothless watchdog
iPolitics reports that the Canadian government is keeping quiet over the fate of an office ostensibly set up to improve relations between Canada’s extractive industry and affected communities overseas:

“In the three years since she was appointed by the prime minister, [Extractive Sector Corporate Social Responsibility Counsellor Marketa] Evans has mediated three conflicts between Canadian mining companies and communities overseas.
Two have ended with the companies pulling out of the process before a resolution was reached. One ended because Evans found the community lacked information on avenues for mediation available to them through the company.
Critics say the voluntary nature of the office — a company must consent to mediation for a community’s complaints to be heard — render it effectively toothless.”

Killing the rial
The Wall Street Journal reports that the US and Europe are working together to “accelerate the recent plunge of Iran’s currency“:

“A nearly 40% drop in the Iranian rial’s value against the dollar since Sept. 24 has increased confidence in Washington and Brussels that Western sanctions are starting to significantly erode Tehran’s finances, senior U.S. and European officials said.

Some member states still have concerns about taking steps that could disproportionately harm the Iranian population. There have been reports of food and medicine shortages in Iran in recent days, fueled by the weakening of the rial and dwindling imports.”

Letting them starve
In a Q&A translated by Africa is a Country, former UN official Jean Ziegler discusses rich-world inhabitants’ complicity in global hunger, which he describes as “mass murder“:

“We allow multinational food corporations and speculators to decide everyday who is eating and living, and who is starving and dying.

It is mainly about becoming politically active in order to put an end to the murderous activities of food speculators and multinationals. We can do so, we live in a democracy.

We could exclude all non-producers and non-consumers from the commodities exchange — in this sense only the farmer and the baker, through the commodities exchange engage in trade with each other.”

Rostow lives
The University of London’s Simon Reid-Henry argues that Walter Rostow’s Cold War-era The Stages of Economic Growth continues to exert major influence over today’s development economics:

“If this paternalist rendering of the economic trajectory of nations had a clear moral compass, it had a clear political compass too – just look at the book’s subtitle: An Anti-Communist Manifesto. This brings home an important point about development: its inherently political nature.

Certainly most practitioners today, though not all, are more wary of assuming European and American history to be the norm, or of reading development as a linear or cumulative process.
But Rostow’s view that a dynamic private sector was to be supported by a strong but market-friendly state can still be found in many of today’s public-private partnership models. And anyone even slightly informed on World Bank and IMF policies over the past 20 years will see the persistence of his belief that political influence is best delivered under the radar of economic investments.”