Developed Country Monetary Policy Fuelling "Currency War," Brazil Says

Volume
16,
Number
32
-
26 September 2012
26 September 2012
Warnings that the global economy is embroiled in a "currency war" were again raised by Brazilian Finance Minister Guido Mantega last week, following the US Federal Reserve's announcement earlier this month that it would be undertaking another round of monetary stimulus. Brasilia's plan to...
26 September 2012
Civil society descended on WTO headquarters this week to address a question familiar to anyone who has attended a multilateral negotiating session in recent years: is multilateralism in crisis? The WTO is, perhaps, one of the most appropriate venues for addressing such a question, where - given the...
26 September 2012
The longstanding row between Brussels and Washington over domestic support to the airplane industry resurfaced this week, with the EU rejecting the US' claim that it had eliminated those subsidies for aerospace giant Boeing that had been deemed inconsistent with WTO rules ( DS353 ). Washington's...
26 September 2012
Member countries found themselves at odds over whether the World Intellectual Property Organization (WIPO) was ready to pursue a new treaty on industrial designs, leaving the Standing Committee on the Law of Trademarks, Industrial Designs and Geographical Indications (SCT) unable to reach a...
26 September 2012
World trade growth is expected to be slower this year than previously anticipated, WTO economists announced on Friday, downgrading their earlier estimates released in April. The global trade body credited the lowered forecast to "increasingly strong headwinds" in the world economy, including poor...
26 September 2012
The US Senate unanimously voted on Saturday in favour of legislation that could protect US airlines from taking part in the EU's Emissions Trading System (EU ETS), nearly a year after the US Congress' other chamber passed a similar measure. While the legislation still must go through various steps...
26 September 2012
A new approach to trade in services "is long overdue," US Trade Representative Ron Kirk said last week, advocating strongly for a proposed agreement on liberalising services trade that is currently being explored by a subset of WTO members. Other trade officials from some of the member governments...
26 September 2012
Newly released figures from the Organisation for Economic Co-operation and Development (OECD) show that farmers are deriving a smaller share - 19 percent in 2011 - of their income from government coffers. High prices for farm goods are largely behind the trend, the Paris-based organisation said,...
26 September 2012
The Economics and Trade Branch of the United Nations Environment Programme (UNEP-ETB) is seeking a consultant to contribute to UNEP-ETB's work on trade and environment policy, including follow-up activities relating to the United Nations Conference on Sustainable Development (Rio+20). Applicants...
26 September 2012
Coming soon 27 September, Geneva, Switzerland. BRIDGES CHINA DIALOGUE: INTERNATIONAL POLITICAL ECONOMY OF A TRANSITIONAL CHINA. This will be the fifth instalment of ICTSD's annual dialogue focused on China's role in global sustainable development governance, particularly as the country enters a new...
26 September 2012
DEVALUING TO PROSPERITY: MISALIGNED CURRENCIES AND THEIR GROWTH CONSEQUENCES. Published by the Peterson Institute for International Economics (August 2012). This book examines the various propositions relating to currency misalignments, and their effect on various items of policy interest. The...