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Showing posts for "Economic Growth"

This Week in Markets and Democracy: Tackling Corruption in Guatemala, Snap Elections, and AGOA’s Challenges

by Shannon K. O'Neil
Workers stand on top of bags of sugar at the Mumias sugar factory in western Kenya February 24, 2015. In the sugar cane fields of western Kenya, farmers complain that falling prices mean they can barely make ends meet. Yet rival African producers can still offer cheaper supplies. With much of the production coming from small rain-fed plots rather than large irrigated plantations, costs are much higher than Kenya's competitors (Reuters/Thomas Mukoya). Workers stand on top of bags of sugar at the Mumias sugar factory in western Kenya February 24, 2015. In the sugar cane fields of western Kenya, farmers complain that falling prices mean they can barely make ends meet. Yet rival African producers can still offer cheaper supplies. With much of the production coming from small rain-fed plots rather than large irrigated plantations, costs are much higher than Kenya's competitors (Reuters/Thomas Mukoya).

International Anticorruption Efforts Seem to be Working in Guatemala

A far-reaching battle against government corruption is unfolding in Guatemala. Prosecutors have uncovered a widespread customs bribery ring through the use of wiretaps, email interceptions, close monitoring of individuals, and financial analyses. They accuse government officials of siphoning off tens of millions of dollars in import duties. Evidence suggests that the fraud’s biggest beneficiaries have been Vice President Roxana Baldetti (who resigned and is awaiting trial), and President Otto Pérez Molina, who so far is resisting demands for his resignation. Whether now or later, it is quite likely both will face jail time—a first for this nation and all of Latin America.

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This Week in Markets in Democracy: What We Are Reading

by Shannon K. O'Neil
A vendor selling flowers hands over change to a customer in Kunming, Yunnan province, August 19, 2015. China's currency devaluation should give a shot in the arm to global foreign exchange volumes as traders take advantage of and protect themselves against the surprise surge in volatility, but its longer-term impact on market activity may not be so benign (Wong Campion/Reuters). A vendor selling flowers hands over change to a customer in Kunming, Yunnan province, August 19, 2015. China's currency devaluation should give a shot in the arm to global foreign exchange volumes as traders take advantage of and protect themselves against the surprise surge in volatility, but its longer-term impact on market activity may not be so benign (Wong Campion/Reuters).

This Week in Markets and Democracy will return on August 28. Until then, here is what CSMD is reading this week.

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This Week in Markets and Democracy: Calais Crisis, TPP Stalls, and Post-2015 Agreement Reached

by Shannon K. O'Neil
Sudanese migrants stand at "The New Jungle" camp in Calais, France, August 6, 2015. For most of the 3,000 inhabitants of the "Jungle", a shanty town on the sand dunes of France's north coast, the climax of each day is the nightly bid to sneak into the undersea tunnel they hope will lead to new life in Britain (Juan Medina/Reuters). Sudanese migrants stand at "The New Jungle" camp in Calais, France, August 6, 2015. For most of the 3,000 inhabitants of the "Jungle", a shanty town on the sand dunes of France's north coast, the climax of each day is the nightly bid to sneak into the undersea tunnel they hope will lead to new life in Britain (Juan Medina/Reuters).

This is a post in a new series on the Development Channel,“This Week in Markets and Democracy.” Each weekCFR’s Civil Society, Markets, and Democracy Program will highlight noteworthy events and articles.

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Where Did You Get That Dress?: Bangladesh Two Years on From Rana Plaza

by Shannon K. O'Neil
A worker works in a factory of Ananta Garments Ltd in Savar June 10, 2014. Picture taken June 10, 2014. To match Insight Bangladesh-Textiles (Reuters/Andrew Biraj) A worker works in a factory of Ananta Garments Ltd in Savar June 10, 2014. Picture taken June 10, 2014. To match Insight Bangladesh-Textiles (Reuters/Andrew Biraj)

On April 24, 2013, the Rana Plaza factory, which manufactured apparel for Benetton, Primark, and J.C. Penney, among others, collapsed in Dhaka, Bangladesh. The disaster killed over 1,100 and injured another 3,000, most of them young women. In the tragedy’s wake, Bangladesh has tried to help the victims and their families, and to improve industry safety and working conditions more generally, with mixed results. Rana Plaza highlights both the best and the worst of what globalization and global supply chains bring to developing countries.

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This Week in Markets and Democracy: Obama in East Africa, Democratic Backsliding, and Diplomatic Openings

by Shannon K. O'Neil
Wycliff Madegwa prepares to display a t-shirt newly printed with the image of U.S. President Barack Obama, ahead of his scheduled state visit, in Kenya's capital Nairobi July 23, 2015. Obama will land in Kenya on Friday with a mission to strengthen U.S. security and economic ties, but his personal connection to his father's birthplace will dominate a trip that Kenyans view as a native son returning home (Noor Khamis/Reuters). Wycliff Madegwa prepares to display a t-shirt newly printed with the image of U.S. President Barack Obama, ahead of his scheduled state visit, in Kenya's capital Nairobi July 23, 2015. Obama will land in Kenya on Friday with a mission to strengthen U.S. security and economic ties, but his personal connection to his father's birthplace will dominate a trip that Kenyans view as a native son returning home (Noor Khamis/Reuters).

This is a post in a new series on the Development Channel,“This Week in Markets and Democracy.” Each weekCFR’s Civil Society, Markets, and Democracy Program will highlight noteworthy events and articles.

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This Week in Markets and Democracy: Financing for Development, Pope in Latin America, Arrests in Egypt and China

by Shannon K. O'Neil
Pope Francis waves while visiting the Banado Norte neighborhood in Asuncion, Paraguay, July 12, 2015. REUTERS/Lucas Nunez Pope Francis waves while visiting the Banado Norte neighborhood in Asuncion, Paraguay, July 12, 2015. REUTERS/Lucas Nunez

This is a post in a new series on the Development Channel,“This Week in Markets and Democracy.” Each week, CFR’s Civil Society, Markets, and Democracy Program will highlight noteworthy events and articles.

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The UN’s Third Financing for Development Conference: After Growth & Aid, What Comes Next?

by Shannon K. O'Neil
U.N. Secretary-General Ban Ki-moon addresses the opening of the Third International Conference on Financing for Development in Ethiopia's capital Addis Ababa, July 13, 2015 (Tiksa Neger, Reuters). U.N. Secretary-General Ban Ki-moon addresses the opening of the Third International Conference on Financing for Development in Ethiopia's capital Addis Ababa, July 13, 2015 (Tiksa Neger, Reuters).

Governments, civil society groups, and business leaders are gathered this week in Addis Ababa, Ethiopia for the UN’s Third Financing for Development Conference (FFD3). Up for debate is how to fund the Sustainable Development Goals, or SDGs, a new set of global development indicators that the UN will adopt in September.

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This Week in Markets and Democracy: Development Debate, Modi Controls India’s Narrative, and Reigning in Civil Society

by Shannon K. O'Neil
India's Prime Minister Narendra Modi attends an event organised by the Christian community to celebrate the beatification of two Indians by Pope Francis late last year, in New Delhi February 17, 2015. Modi vowed on Tuesday to protect all religious groups, an apparent response to a series of attacks on Christian institutions in New Delhi fueling concerns that minorities are being targeted by Hindu zealots. (Stringer/Reuters) India's Prime Minister Narendra Modi attends an event organised by the Christian community to celebrate the beatification of two Indians by Pope Francis late last year, in New Delhi February 17, 2015. Modi vowed on Tuesday to protect all religious groups, an apparent response to a series of attacks on Christian institutions in New Delhi fueling concerns that minorities are being targeted by Hindu zealots. (Stringer/Reuters)

This is a post in a new series on the Development Channel,“This Week in Markets and Democracy.” Each week, CFR’s Civil Society, Markets, and Democracy Program will highlight noteworthy events and articles.

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This Week in Markets and Democracy: Cost of Tax Evasion, Curbing Corruption, and Labor Rights

by Shannon K. O'Neil
A labourer works at the construction site of a residential complex in Kolkata, December 21, 2013 (Rupak De Chowdhuri/Reuters). A laborer works at the construction site of a residential complex in Kolkata, December 21, 2013 (Rupak De Chowdhuri/Reuters).

This is a post of a new series on the Development Channel,“This Week in Markets and Democracy.” Each Friday, CFR’s Civil Society, Markets, and Democracy Program will highlight the week’s noteworthy events and articles.

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This Week in Markets and Democracy: African Progress, EU Transparency, Term Limits, Foreign Aid, and War Crimes

by Shannon K. O'Neil
Nepal's Prime Minister Sushil Koirala greets upon his arrival to take part in the International Conference of Nepal Reconstruction in Kathmandu, June 25, 2015. According to the local media report the government expects big aid pledge from the donors taking part in the conference for rebuilding Nepal after the earthquake. (Navesh Chitrakar/Reuters) Nepal's Prime Minister Sushil Koirala greets upon his arrival to take part in the International Conference of Nepal Reconstruction in Kathmandu, June 25, 2015. According to the local media report the government expects big aid pledge from the donors taking part in the conference for rebuilding Nepal after the earthquake. (Navesh Chitrakar/Reuters)

This post is part of the series, “This Week in Markets and Democracy.” Each Friday, CFR’s Civil Society, Markets, and Democracy Program, will highlight the week’s noteworthy events and articles.

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