— The South Centre Blog

Khor 1HealthGood and bad news for half a million Malaysians suffering from Hepatitis C:  there is a new effective medicine but a patient was charged RM385,000 for one course.  In India it is available for less than RM4,000.   Can anything be done about this?

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Khor 1Marinate_TradeThis Merdeka Day, we should celebrate how the country has developed relatively well, but also reflect deeply on how to get out of the economic stresses which have reached a crisis point.

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manuel_montes-tnConsumptionAt the Financing for Development Conference in Addis in July 2015, developed countries blocked a proposal to establish an intergovernmental body within the United Nations on international cooperation in tax matters. There is a fundamental difference between North (where international companies are mostly headquartered) and South (whose interest lies in obtaining a fair share of the tax revenues arising from the operations of international companies in its territory). This divide can be better bridged in work by an intergovernmental body in the UN. The Addis Ababa outcome however sacrifices good governance and tax justice.

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Khor 1Debt_SustainabilityThe slide in the ringgit’s level is a symptom of weaknesses in the Malaysian economy which were exposed with recent changes in the global economic conditions, and policy actions must now be taken to address the serious problems.

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Khor 1Tariffs_or_TaxationsAfter years of negotiations and public debate, the time has come for the nation to decide whether it is worthwhile joining the TPPA.

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Khor 1EU_CrisisWhen a country mismanages its debt, it can lose its sovereignty and dignity – a lesson that is being imposed again on the Greek nation.

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Marinate_TradeKhor 1I am not sure who first coined the term ‘the new normal’, but it is increasingly being used worldwide to mean that something that was unusual is now becoming quite usual and we should become used to this new situation.

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EU_CrisisKhor 1This week will see the resolution for two important issues – the fate of the Trans Pacific Partnership and of the Greek debt crisis – both of which will affect Malaysia.

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Khor 1Climate_Change_1 melting_icebergA new climate change agreement is to be adopted in Paris in December, but there are big differences on how to reach a fair deal, and the negotiations are tough.

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manuel_montes-tnDebt_SustainabilityThe lack of an appropriate multilateral legal framework, allowing the utilization of a predictable and rapid mechanism to guide the restructuring of sovereign debt generates the proliferation of incentives that dramatically increase costs both for debtors and “good faith” creditors. The recent experience of Argentina demonstrates that it is possible for “vulture funds” to get rulings in excess of the legal and contractual framework. Over the past three decades, the changes that took place in global finance, combined with the political, institutional and legal reforms that have accompanied these processes, consolidated a set of new challenges for sovereign debt restructuring processes. The improvements in debt contracts provisions do not fully resolve the problem. Furthermore, the establishment of a statutory mechanism that ensures a set of conditions that should be respected by all countries subscribing the agreement would be necessary even for such clauses to be effective.

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