Serious Topics Political and Economic Discussion Forums.. Javascript must be enabled to use this site.
Password ReminderLoginRegister  
Topics
Register
Login
Archives
UsernameSlightly Optimistic
Joined04 Feb '06  18:48
First Post04 Feb '06  20:22
Last Post12 Dec '17  12:58
Total Posts10469
Total Recommendations806

Last 10 posts


12 Dec '17  12:58
International Trade
Yes, we don't have enough information at present to know who voted against trust in global finance, thereby encouraging $trillions in corruption.

Nevertheless it seems that the unofficial record-keeper for the G20, Toronto university, can help us - if it is allowed to. There's little official oversight of the G20, despite its huge responsibilities.
A few years ago at Davos, Kenneth Rogoff - Harvard professor, IMF chief economist, and co-author of 'This time is Different' [?] - remarked ""There are limits to what the G20 can do without a headquarters, . . It can’t expand what it is doing much if you don’t have a structure or a secretariat." And Charles Dallara of the Institute of International Finance said "the G20, which incorporates economies deemed to be of greatest significance for the international finance system, must shape a suitable infrastructure and change its current informal nature if it is to develop into a genuine global institution. It will need to create permanent mechanisms."

However permanent secretariats offer no guarantees, as we've seen with the BIC and Brexit. But this is another matter.
12 Dec '17  12:26
European Political Economy
Agreement on the future of the European Union?

Last week the current foreign minister of Germany, suggested that the West's values of multilateralism such as democracy, the rule of law, and open economies might no longer be the way forward.

Germany has "to accept the fact that the United States is no longer “a reliable guarantor of Western-influenced multilateralism. The global order and regional balances of power are shifting, with China, Russia, Turkey, and Iran “on the offensive.”

Sanctions against Russia for example, a major supplier of gas to Germany, "pose an existential threat to to our own economic interests“.

Germany’s Foreign Policy: Europe’s largest economy needs to recognize that a new Atlanticist pact is needed if the West is to protect its liberal values.
11 Dec '17  20:17
International Trade
Reminds me of Ozymandias, little c.

Anyway, back to international trade. What could be stopping Toronto university from helping? Perhaps Canada was one of the governments who voted against trust in global finance, thereby encouraging $trillions in corruption.
11 Dec '17  16:24
British Political Economy
Read posts in the International Trade forum, little c.
11 Dec '17  15:59
British Political Economy
Depends on the deal, little c.
11 Dec '17  12:10
British Political Economy
From the International Trade forum last week:
the system of rules-based contract law is disappearing from the world. "Especially bad news for the UK in future", a smallish nation without adequate protection that has depended for its existence on international rules devised and adjudicated locally. The new great game is Asia-Pacific versus Indo-Pacific. It seems the EU doesn't know about this

Interesting developments in negotiations with the EU:
UK casts doubt on EU deal in 'bizarre' twist
Britain has cast doubt on the binding nature of an 11th-hour EU deal on the Irish border and on its Brexit fee.

David Davis, the British Brexit minister, called the deal a "statement of intent" that was "conditional" on getting a good trade treaty. " No deal means that we won't be paying the money."

11 Dec '17  10:05
International Trade
An audit of the G20 is urgently needed. The national governments who repeatedly said no to effective steps for introducing trust in global finance, including eliminating $trillions in corruption, have yet to be divulged; Toronto university may know - see the Europe forum:
Keeping tabs on the G20 is the University of Toronto. Perhaps the Canadian government will allow the university there to tell us which governments voted against being transparent for the $trillions. [The PM of Canada is said to be trying to raise the nation's profile in global finance]

Another clash of values in global finance is to be discussed at the World Trade Organisation this week. The US and the EU are reluctant to grant China 'most favoured nation' status for its style of capitalism that enables, for example, its excess capacity to be dumped at low prices on the rest of the world to much damage in other societies. The WTO rules may nevertheless permit China's behaviour, adding to talk of abolishing this multilateral organisation.

China takes on the EU at the WTO

As WTO members meet in Argentina, the organisation is in trouble
08 Dec '17  11:38
European Political Economy
China's apparent determination to tackle corruption is supported by the European Union, despite the dismissive attitude of the G20.

Corruption, Not Terrorism, Is Tunisia’s Biggest Threat
EU officials recognize that it is “in the EU’s strategic interest to have a strong, democratic, and stable Tunisia as its neighbor.” The EU is Tunisia’s main trading partner, responsible for 75 percent of its exports and 63 percent of its overall trade.

When Tunisians took to the streets in 2010-2011, they were motivated in large part by their anger and frustration at Ben Ali and his wife Leila’s massive corruption. . . Yet nearly seven years after the Jasmine Revolution, Tunisians perceive higher levels of corruption today than under the kleptocracy of Ben Ali. . . Today, the “democratization of corruption” threatens Tunisia’s democratic transition at every level.

International Organizations Are Tools for Powerful Countries
overall, international organizations and most other multilateral groups are slaves to nation-states and tools of great powers. Once created, they often take on lives of their own, limping along by virtue of inertia and bureaucracy’s survival instinct. This can give them the appearance of being supremely important. But more often than not, they are co-opted by the interests of their member states. The key to analyzing them is not to take their statements too seriously, and to keep your eyes on who is pulling the strings.


See 05 Dec '17 15:00 below:
Little c argues in desperation that complacency is the answer, it should remain dangerous to the global financial audit profession to protect public funds of $trillions.

Keeping tabs on the G20 is the University of Toronto. Perhaps the Canadian government will allow the university there to tell us which governments voted against being transparent for the $trillions. [The PM of Canada is said to be trying to raise the nation's profile in global finance]

08 Dec '17  09:49
International Trade
Standards in global trade will fall. Bad news for 'advanced countries' unless enforceable rules can be introduced.

From the Economist, Justin Trudeau searches in vain for new free-trade partners
The Canadian prime minister wants trade deals to address human rights and the environment. China doesn’t


Can global finance be effectively regulated? No, the G20 governments repeatedly tell the International Federation of Accountants who want trust in finance.

However the European Union may disagree. For starters, the EU is boldly attempting both the national and the global regulation of tax. https://www.theguardian.com/business/2017/dec/05/eu-blacklist-names-17-tax-havens-and-puts-caymans-and-jersey-on-notice
08 Dec '17  06:19
International Trade
What has caused little c's latest break-down?

Not the evolving great game he was unaware of.

But his thoughts on national military policy being questioned. His claimed heritage and presumably expertise.

My comment:
Military commanders are often accused of wanting to gear up to fight the last war, little c.


© Copyright 2017