Category: GLOBAL ISSUES

By Martin Khor* | IDN-InDepth NewsReport

GENEVA (IDN | SouthNews) – Leaders of several Latin American countries have set up a new coalition to coordinate actions to face the growing number of international legal suits being taken against governments by transnational companies.

A ministerial meeting of 12 countries held in Guayaquil, Ecuador, decided on several joint actions to counter the threat posed by these law suits, which have claimed millions or even billions of dollars from governments.

“No more should small countries face law suits from big companies by themselves,” said Ecuador’s Foreign Minister Ricardo Patino, at a media conference after the meeting which he chaired. “We have now decided to deal with the challenges posed by these transnational companies in a coordinated way.”

By Jaya Ramachandran | IDN-InDepth NewsAnalysis

BERLIN (IDN) – Forty-nine of the world’s poorest and most vulnerable courtiers spanning across Asia-Pacific, Sub-Saharan Africa and the Caribbean are no longer threatened by a modern-day Damocles’ sword – not until July 1, 2021 at least. The group known as the least-developed countries (LDCs) can in fact request further extension of the waiver on abiding by the Trade-related Aspects of Intellectual Property Rights (TRIPS).

By Martin Khor* | IDN-InDepth NewsAnalysis

GENEVA (IDN) – Amidst the gloomy news in the deteriorating climate change situation, is this bright spark – the cost of solar energy has been going down dramatically. This source of clean and renewable energy is seen as one of the major saviours that could help power the world without emitting greenhouse gases.

The drawback is that solar energy has traditionally been more expensive to use carbon-intensive coal or oil. But in recent years solar power has become much cheaper. Energy experts predict that its cost could match that of conventional fuels in the next few years in some areas.

By Ernest Corea* | IDN-InDepth NewsAnalysis

WASHINGTON DC (IDN) – Yet another high-level panel has designed yet another “roadmap” to universal prosperity and a hunger-free world – by 2030. A new set of goals is likely to replace the current Millennium Development Goals (MDGs). “Once again, the goalposts of development are being moved instead of the goals being met,” says a jaded observer of international affairs.

The panel was created by UN Secretary General Ban-Ki Moon. Its co-chairs were Indonesian President Susilo Bambang Yudhoyono, Liberian President Ellen Johnson Sirleaf and British Prime Minister David Cameron.

By Martin Khor* | IDN-InDepth NewsAnalysis

GENEVA (IDN) – On May 7 the idyllic South Pacific island of Fiji became the venue of some political leaders and thinkers of developing countries to brainstorm about the future of South-South cooperation. The island state is chairs the Group of 77, the alliance of over 130 developing countries that operate in the United Nations and beyond.

The Fiji government decided to host “eminent personalities of the South” to reflect on the state of the developing world and on South-South cooperation. The theme may not be original, but the personalities discussing it were colourful, most of them being Presidents or Prime Ministers, and mainly from the South Pacific island countries.