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Development Channel

Issues and innovations in global economic development

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Showing posts for "Economic Growth"

Who Governs Global Value Chains?

by Guest Blogger for Shannon K. O'Neil
Containers and cars are loaded on freight trains at the railroad shunting yard in Maschen near Hamburg September 23, 2012 (REUTERS/Fabian Bimmer). Containers and cars are loaded on freight trains at the railroad shunting yard in Maschen near Hamburg September 23, 2012 (REUTERS/Fabian Bimmer).

Global trade and the supply chains that support it are undergoing a period of profound change. Supply chains face threats including a resurgence of protectionism, climate change, decaying infrastructure, and human rights abuses. The Development Channel’s series on global supply chains will highlight experts’ analysis on emerging trends and challenges. This post is from Dr. Sherry Stephenson, senior fellow at the International Centre for Trade and Sustainable Development (ICTSD). 

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Amid Slowing Trade, What’s Next for Global Supply Chains?

by Guest Blogger for Shannon K. O'Neil
Employees sort boxes and parcels at the logistic centre of a express delivery company, after the Singles Day online shopping festival, in Wuhan, Hubei province, China, November 12, 2015 (Reuters/Stringer). Employees sort boxes and parcels at the logistic centre of a express delivery company, after the Singles Day online shopping festival, in Wuhan, Hubei province, China, November 12, 2015 (Reuters/Stringer).

Global trade and the supply chains that support it are undergoing a period of profound change. Supply chains face threats including a resurgence of protectionism, climate change, decaying infrastructure, and human rights abuses. The Development Channel’s series on global supply chains will highlight experts’ analysis on emerging trends and challenges. This post is from Wolfgang Lehmacher, head of supply chains and transport industry at the World Economic Forum (WEF) USA.

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The Future of Global Supply Chains: Workshop Report

by Shannon K. O'Neil
Shipping containers sit at the ports of Los Angeles and Long Beach, California in this aerial photo taken February 6, 2015 (Reuters/Bob Riha, Jr.) Shipping containers sit at the ports of Los Angeles and Long Beach, California in this aerial photo taken February 6, 2015 (Reuters/Bob Riha, Jr.)

Commerce has fundamentally changed over the past thirty years. Intermediate goods—or parts of products traded through global supply chains—now account for 70 percent of all trade. The Civil Society, Markets, and Democracy program hosted a workshop in May to explore the evolution of global supply chains, the risks they face, and how U.S. policies help or hinder the country’s competitiveness. The workshop included current and former government officials, supply chain experts, corporate representatives, and finance specialists.

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This Week in Markets and Democracy: U.S. Corruption Ruling, China’s Antigraft Drive, Panama Canal Expands

by Shannon K. O'Neil
Former Virginia Governor Bob McDonnell is trailed by reporters as he departs after his appeal of his 2014 corruption conviction was heard at the U.S. Supreme Court in Washington, U.S. April 27, 2016. The U.S. Supreme Court on June 27, 2016 threw out McDonnell's corruption convictions in a ruling that could hem in federal prosecutors as they go after bribery charges against other politicians (Reuters/Jonathan Ernst). Former Virginia Governor Bob McDonnell is trailed by reporters as he departs after his appeal of his 2014 corruption conviction was heard at the U.S. Supreme Court in Washington, U.S. April 27, 2016. The U.S. Supreme Court on June 27, 2016 threw out McDonnell's corruption convictions in a ruling that could hem in federal prosecutors as they go after bribery charges against other politicians (Reuters/Jonathan Ernst).

Supreme Court Rules on Corruption
The U.S. Supreme Court overturned former Virginia Governor Bob McDonnell’s bribery conviction for accepting over $175,000 worth of gifts and loans—including a Rolex watch, designer clothes, and luxury getaways—allegedly in return for favorable business treatment. The court said this did not count as an “official act” of bribery under U.S. law, raising the bar for federal prosecutions of public sector corruption. States can help fill the gap, as Virginia did in the wake of the scandal, setting a straightforward $100 annual cap on gifts from lobbyists and other individuals or businesses angling for government deals or support. Other states ban or set strict gift limits. In Florida, lobbyists (or those who hire them) cannot give more than a flower arrangement; in California, officials cannot accept anything valued over $250. Several states prohibit gifts with “intent to influence”—a hard case to prove. Check out your jurisdiction here.

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Five Questions with Geraldine Knatz: The Panama Canal Expansion and the Evolution of Global Trade

by Guest Blogger for Shannon K. O'Neil
People wave at a Chinese COSCO container vessel, as it arrives to Cocoli locks after crossing the Panama Canal to the Pacific side, during its first ceremonial transit of the new Panama Canal expansion project in Cocoli on the outskirts of Panama City, Panama June 26, 2016 (Reuters/Carlos Jasso). People wave at a Chinese COSCO container vessel, as it arrives to Cocoli locks after crossing the Panama Canal to the Pacific side, during its first ceremonial transit of the new Panama Canal expansion project in Cocoli on the outskirts of Panama City, Panama June 26, 2016 (Reuters/Carlos Jasso).

As the first ship goes through the expanded Panama Canal, the Development Channel sat down with Geraldine Knatz, former director of the Port of Los Angeles and now a professor of policy and engineering at the University of Southern California’s Price School of Public Policy. Dr. Knatz talked about changes in the shipping industry, trends affecting U.S. ports, and what the canal expansion will mean for trade globally.

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This Week in Markets and Democracy: Ericsson Corruption Probes, EU Spurs Antigraft Action, Modi Courts FDI

by Shannon K. O'Neil
A banner reading "Corruption kills" is placed among candles, lit in memoriam of more than 50 people killed when a fire erupted during a rock concert in a night club in Bucharest, at a memorial in Timisoara, Romania in this November 1, 2015 picture. Big public demonstrations following a fire in a Bucharest nightclub in which more than 50 people died reflect growing anger at a culture of official graft in one of Europe's most corrupt countries (Reuters/Inquam Photos). A banner reading "Corruption kills" is placed among candles, lit in memoriam of more than 50 people killed when a fire erupted during a rock concert in a night club in Bucharest, at a memorial in Timisoara, Romania in this November 1, 2015 picture. Big public demonstrations following a fire in a Bucharest nightclub in which more than 50 people died reflect growing anger at a culture of official graft in one of Europe's most corrupt countries (Reuters/Inquam Photos).

Corruption Probes Spook Ericsson Investors
Both U.S. and Greek authorities are taking on Ericsson AB, one of the world’s biggest telecoms companies, for alleged corruption. The United States is investigating its operations in both China and Romania for potential Foreign Corrupt Practices Act (FCPA) violations. The Greeks summoned seven current and former executives over whether the Swedish multinational bribed government officials to win a $597 million defense contract in 1999. These inquires come at a time when the company faces stiff competition, declining sales, and falling share prices. Ericsson is now trying to ease investors’ concerns, hoping the revelations do not get worse.

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This Week in Markets and Democracy: Protectionism Rises, Mexico Anticorruption Bill Delayed, How Corruption Affects Business

by Shannon K. O'Neil
Protesters demonstrate against Transatlantic Trade and Investment Partnership (TTIP) free trade agreement ahead of U.S. President Barack Obama's visit in Hannover, Germany April 23, 2016 (Reuters/Kai Pfaffenbach). Protesters demonstrate against Transatlantic Trade and Investment Partnership (TTIP) free trade agreement ahead of U.S. President Barack Obama's visit in Hannover, Germany April 23, 2016 (Reuters/Kai Pfaffenbach).

Protectionism by the Numbers
It is not just anti-trade rhetoric spreading on both sides of the Atlantic; it is also policies. The Global Trade Alert, an online index that monitors trade policy, reports a rapid rise in protectionist measures worldwide since 2008. The database documents over 5,000 new barriers to trade, including import quotas, stricter rules for migrant workers, and local content requirements. The United States leads this turn toward protectionism, creating more than eighty new rules in the last year alone. These measures are one of the main causes slowing global trade.

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This Week in Markets and Democracy: Rana Plaza Anniversary, Press Freedom Declines, Haiti Election Troubles

by Shannon K. O'Neil
A relative holds up a picture of a garment worker in front of the rubble of the collapsed Rana Plaza building (Reuters/Andrew Biraj). A relative holds up a picture of a garment worker in front of the rubble of the collapsed Rana Plaza building (Reuters/Andrew Biraj).

Labor Standards Three Years After Rana Plaza
Three years after Bangladesh’s Rana Plaza garment factory collapse killed or injured over 3,000 people, labor rights remain tenuous. In the wake of the disaster apparel brands, suppliers, and the Bangladeshi government created the Alliance for Bangladesh Worker Safety, a partnership to improve conditions by setting standards and increasing inspections. The Alliance has worked with factories to build emergency exits, install fire hydrants, and rewire electrical systems. It has also blacklisted the worst offenders. Yet it only encompasses those operating under formal contracts. Over half of the nation’s 7,000 factories work in the informal economy. Here, the Bangladeshi government doesn’t enforce Alliance standards, leaving these workers vulnerable.

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Five Questions on Sustainable Investing With Morgan Stanley’s Audrey Choi

by Guest Blogger for Shannon K. O'Neil
A man fills a glass with water from a spring in Chiffa in Medea Governorate, Algeria (Reuters/Ramzi Boudina). A man fills a glass with water from a spring in Chiffa in Medea Governorate, Algeria (Reuters/Ramzi Boudina).

This post features a conversation with Audrey Choi, chief executive officer of Morgan Stanley’s Institute for Sustainable Investing and managing director of its Global Sustainable Finance Group. Choi talks about the evolving $20 trillion sector, including important U.S. policy changes and her thoughts on where sustainable investing is headed. Read more »

CSMD Spring Break Reading List

by Shannon K. O'Neil
People walk on the rock at the Trou aux Biches beach on the Indian Ocean island Mauritius (Reuters/Jacky Naegelen). People walk on the rock at the Trou aux Biches beach on the Indian Ocean island Mauritius (Reuters/Jacky Naegelen).

As Civil Society, Markets, and Democracy (CSMD) heads into spring break, here is what we will be reading.

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