For too long, international institutions have failed to address one of the most toxic aspects of globalisation: tax avoidance and evasion by multinational corporations. Fair taxation of multinationals must be a central part of any tax system aimed at driving economic growth and creating high living standards for all, write José Antonio Ocampo, Joseph E. Stiglitz and Jayati Ghosh.
The Trump government signals unequivocally the end of international US hegemony. An international hegemon is able to define rules that find relatively broad acceptance internationally and plays a role in safeguarding international economic stability. The Trump government which is formed by oligarchs, top managers and former high ranking military officials announced measures that go against the present economic rules while not proposing new ones. De facto, this is an abdication from the role of an international hegemon, Joachim Becker writes.
At first glance, everyday life seems not to have changed in Istanbul. The streets are congested; people hurry to the ferry or the bus. For weeks, there has been no terror attack. Nevertheless, there are some visible changes. There are much more policemen in the streets. In some days, the Istiklal Caddesi, the main shopping street on the European side, seems to be under a state of siege. At every street corner, there is police van with the blue light switched on. In residential quarters, a security officer can be seen off service going shopping with a gun in its hand. Joachim Becker reports.
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