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CRITICAL ANALYSIS OF GLOBAL DEVELOPMENTS, TRENDS & IDEAS

Monthly archive

November 2015

The Will of the State: North Korean Forced Labour

in Academic/Asia/Human Rights by

The 2014 report of the United Nations Commission of Inquiry on human rights in the Democratic People’s Republic of Korea (DPRK) laid bare an appalling scale of suffering across North Korean society. Violations of the freedoms of thought and life, discrimination on the basis of gender and disability, and arbitrary detention, torture, and executions defined the lives of a population. A report of the European Alliance for Human Rights in North Korea (EAHRNK) that we published in September 2015, ‘The Will of the State: North Korean Forced Labour’, places forced labour alongside these crimes against humanity.

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Energy Reforms in Latin America: What the Mexican State Needs to Learn

in Academic/Latin America/Politics/Technology by
oil well

The growing importance of developing countries’ national oil companies to the global supply-demand balance raises questions about the emerging policies of association, objectives and regulations of these organisations. In particular, shifts in those policies will have a great impact on the future development of global oil and gas markets, not to mention the socioeconomic development of the companies’ host countries. National oil companies are expected to control a greater proportion of future oil and gas supplies over the next two decades, as these commodities in the mature producing regions of the OECD countries continue to show natural decline of supply. The International Energy Agency projects that most of the new hydrocarbons supply will come from the developing world in the next 20 years. Latin American countries will play a pivotal role in this transition, as the region possesses more than 20% of the world’s known reserves (Ortiz, 2011). Along these lines, Brazil, Colombia and recently Mexico have embarked on major restructuring of their energy sectors. In the early 2000s, the Colombian oil industry was waning: its production started to decline due to a lack of major new discoveries and output fell considerably from 1999 to 2004 (CAEAG, 2010, p. 6).…

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Moves to a Service-Based Economy is Likely China’s Catch-22

in Asia/Diplomacy/Economics/Human Rights by
Chinese economic trouble

The achievements of President Xi Jinping’s short duration in Britain are the first steps of what China hopes to be the path to becoming a fully-developed country. Proclaimed a “golden era” in relations between the two nations by Prime Minister David Cameron, China views Britain as a “great platform from which China can go global,” according to head of Chatham House’s Robin Niblett. Indeed, as China seeks to shift its economy from an export-based to a service-based economy and to propel the yuan into an internationally-traded currency that could potentially rival the dollar, yen, and Euro, access to Britain’s financial markets is viewed as critically important after the conspicuous blockade from the Trans-Pacific Partnership by the United States. Outside of Hong Kong, as President Xi told the British Parliament, the United Kingdom is the leading offshore trading center. As The Economist notes, “The Bank of England was the first G7 central bank to sign a swap agreement with China’s central bank.” Offshore yuan-denominated bonds were recently sold in the UK by Chinese commercial banks and on October 20th, China sold its first sovereign bond worth over $4 billion in London. What this accomplishes is that it lends an air of credibility…

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