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Revised Version of India's New Model Bilateral Investment Treaty

Andrew Cornford

The revised version of India's model bilateral investment treaty has introduced greater flexibility and has included some extensions of rules contained in the initial 2015 draft.

Trend Reversal in Oil Markets?

C.P. Chandrasekhar

With the U.S. oil production falling, and speculators sensing an opportunity to strengthen price increases, Saudi Arabia's bet of not cutting production seems to have worked as oil prices rise.

Coverage of Prudential Measures in the GATS: Some conclusions of a WTO Appellate Body

Andrew Cornford

The ruling by the WTO's appellate body on the case of Panama and Argentina dispute, involving the prudential rules for financial services of the GATS, is the first of its kind.

Capital Bleeds from Emerging Asia

C.P. Chandrasekhar and Jayati Ghosh

Capital flight, in 2015, from the emerging markets, especially those in Asia, was much worse than has been previously estimated. This augurs ill for the coming year.

Capital Flows, Exchange Rate and Long-term Economic Growth

Vladimir Popov and Anis Chowdhury

This article is a commentary by the authors based on the third chapter, International Finance for Sustainable Development, of the World Economic Situation and Prospects 2016.

Imperialism's New Trade-Negotiating Strategy

Prabhat Patnaik

The Nairobi ministerial meet marks a shift in the strategy of imperialism from multilateral trade agreements to regional trade agreements and from seeking grand agreements to negotiating only specific issues.

Financial Services under WTO: Disciplining governments and freeing business

C.P. Chandrasekhar

Services trade negotiations at the World Trade Organization may fail at the Doha Round, only because there has been no progress in agriculture and industrial goods trade.

Why the Fixed External Reference Price of 1986-88 should be Challenged

Jacques Berthelot

The author argues that there is no reason to differentiate between the administered prices paid to farmers in developing countries and the so-called market prices paid in developed countries as the latter, being heavily subsidized, are not actual market prices.

Hidden Hunger, Hidden Danger

Jomo Kwame Sundaram

Supplementation is essential to address micronutrient deficiencies but developing countries' access to generic vitamin and mineral supplements is constrained by trade rules.

Emulating the US Opposed by the US

Jomo Kwame Sundaram and Vikas Rawal

The US has led the global effort against hunger and food insecurity, but now it seeks to prevent other countries from using some of the very measures it pioneered.

The Shrinking of Global Imbalances

C.P. Chandrasekhar and Jayati Ghosh

Global imbalances in the current account do appear to have come down in the aggregate but the pattern and the outcomes are different from what was anticipated.

Debt and Asia's Success

C.P. Chandrasekhar and Jayati Ghosh

An improved dataset from the Bank of International Settlements reveals that the post crisis 'succes' of Asia in terms of growth was built on a pile of debt.

Understanding "Secular Stagnation"

C.P. Chandrasekhar and Jayati Ghosh

This article discusses the issue of the "new normal" of low or stagnating output growth that the analysts and reports of international organisations are talking about.

Dispute Settlement in International Investment Agreements and the Rules
of an Indian Model Bilateral Investment Treaty

Andrew Cornford

This article reviews the Indian model bilateral investment treaty and the major provisions of international investment treaties, often with special attention to their historical development.

Calling a Halt to the Pseudo "Trade Deals"

Jayati Ghosh

The TPP or the TTIP deal is not really about trade; they both are about strengthening the rules that favour capital over not just workers but over citizens in general.

The Declining World Foreign Exchange Reserves

Prabhat Patnaik

The author in this article explains the reason behind the sudden decline in the world foreign exchange reserves.

The Gathering Clouds of Recession

Prabhat Patnaik

The world capitalist economy's slide into a new downturn is likely to be a harbinger of major economic and political changes within the structure of world capitalism.

India Concludes Bilateral Agreement
with US, Agrees to an Indefinite 'Peace Clause'

Biswajit Dhar

By making a bilateral agreement with the US, India is able to avert any challenge to its food security programme for now, but the programme will be under WTO surveillance.