Publications

Resource Scarcity, Export Restrictions and the Multilateral Trading System

| 10 April 2013
Trade, Blog | Tags: Commodities, Protectionism, WTO
The turn of the millennium marked a shift towards higher commodity prices and greater price volatility, as a result of high demand for natural resources from emerging economies combined with export restrictions and financial speculation. A recent Chatham House report highlights that, over the past ... continue reading

The Case for an International Tax Organisation

and | 19 March 2013
Fiscal, Blog | Tags: Tax Competition, Taxes
Capital mobility entails fiscal interdependence. Since the abolition of capital controls in the 1960s and 1970s, and following the widespread abolition of withholding taxes in the wake of the first move in this direction by the Reagan administration in 1984, fiscal interdependence has turned from ... continue reading

Sense & nonsense in end of year reviews

| 21 January 2013
Fiscal, Trade, Blog | Tags: Forecasting
The turn of every calendar year witnesses a spate of reviews by pundits in the media. For a columnist, these reviews are an attractive vehicle, ideally drawing upon events from the previous 12 months and combining them with insights into developments relating to the next ... continue reading

“What’s it for?” – Moral responsibility in an age of globalization

| 2 December 2012
Trade, Blog | Tags: Financial Markets, G20, WTO
Several years ago, I was approached by an Indian student following a lecture I had given on globalization and the interdependence of markets through cross-border flows of goods, services, ideas, knowledge, science and people. His question was: “But what’s it for?” In the late 20th/early ... continue reading

Why a financial transaction tax is good for your pension

| 23 October 2012
Fiscal, Blog | Tags: Financial Markets, Financial Transaction Tax
Before the end of 2012, it is likely that 9 EU Member countries will invoke the “Enhanced Co-operation Procedure” and move ahead with a Financial Transactions Tax (FTT), that, if it had broad coverage of financial instruments and players would raise over USD$30bn, providing a ... continue reading