mentions Rostow's The Stages of Economic Growth (published 1960) which he advertised as a 'non-communist manifesto' and which was eagerly eaten up by the West, since it absolved them of responsibility for the growing North-South divide. it wasn't quite so accepted by the developing world, who (inspired by Marxist and postcolonial thought) were turning to protectionist/redistributionist policies instead--the same policies that Western nations themselves used at some point
mentions Rostow's The Stages of Economic Growth (published 1960) which he advertised as a 'non-communist manifesto' and which was eagerly eaten up by the West, since it absolved them of responsibility for the growing North-South divide. it wasn't quite so accepted by the developing world, who (inspired by Marxist and postcolonial thought) were turning to protectionist/redistributionist policies instead--the same policies that Western nations themselves used at some point
3 / 5good explanation of trade misinvoicing (p224-225): basically the corporation in the poorer nation pretends to be paying more for goods and services than it really is (thus lowering taxable amount), but instead of that money going to a legitimate supplier it just gets stashed in a tax haven. In 2013, it accounted for $879 billion (80% of "illicit outflaws" from developing countries). trade mispricing is a subset of this (when prices reported on an invoice are much higher than they should be acc to the market), but in 1994 the WTO ruled that customs officials have to accept the prices at face value (when previously they have been able to dispute them)
good explanation of trade misinvoicing (p224-225): basically the corporation in the poorer nation pretends to be paying more for goods and services than it really is (thus lowering taxable amount), but instead of that money going to a legitimate supplier it just gets stashed in a tax haven. In 2013, it accounted for $879 billion (80% of "illicit outflaws" from developing countries). trade mispricing is a subset of this (when prices reported on an invoice are much higher than they should be acc to the market), but in 1994 the WTO ruled that customs officials have to accept the prices at face value (when previously they have been able to dispute them)
2 / 1mentions the Genuine Progress Indicator as a better alternative to GDP, and a campaigning group called Positive Money which aims to restore sovereignty of national govts when it comes to issuing money (as opposed to relying on bank-provided debt)
also talks about the advertising industry as another sort of 'fix' for over-accumulation: convince people that they need to consume more, and bam, new markets
mentions the Genuine Progress Indicator as a better alternative to GDP, and a campaigning group called Positive Money which aims to restore sovereignty of national govts when it comes to issuing money (as opposed to relying on bank-provided debt)
also talks about the advertising industry as another sort of 'fix' for over-accumulation: convince people that they need to consume more, and bam, new markets
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