Articles & Blogs, Category = Globalisation / free trade

Category: Globalisation / free trade

Arrogance Destroyed the World Trade Organisation. What Replaces It Will Be Even Worse

“Its establishment coincided with the peak of market liberal triumphalism […] Unsurprisingly, it became a symbol of the way democratic governments were becoming powerless to resist the forces of the global economy […] The rules will revert to those of the earlier General Agreement on Tariffs and Trade, which give large countries like the US much more scope to do what they want.”

Suddenly, the World’s Biggest Trade Agreement Won’t Allow Corporations to Sue Governments

“ISDS provisions were developed in the post-colonial period after World War II to compensate international investors for the direct expropriation or taking of property by governments. But over the past 20 years they expanded to include ‘indirect’ expropriation, ‘minimum standard of treatment’ and ‘legitimate expectations’, which do not involve taking of physical property and do not exist in many national legal systems. Because the cases are very costly, they are mostly used by large global companies that already have enormous market power, including tobacco, pharmaceutical, agribusiness, mining and energy companies.”

Open; The Progressive Case for Free Trade, Immigration, and Global Capital – New on Our Bookshelf

“In Open; The Progressive Case for Free Trade, Immigration, and Global Capital economist Kimberly Clausing faces down the critics from both sides. She demonstrates in this vivid and compelling account that open economies are a force for good, not least in helping the most vulnerable.”

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