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After thirty years of journalism

It was no secret that in my thirty-year profession, which ends in the present day, I used to be a dedicated journalist. My schooling, my expertise and my atmosphere have formed my approach of deciphering politics, geopolitics, economics and society. My thought additionally discovered its supply in Relying on One One other, my first simplified economics e book by John Garrett. At 12, then a schoolboy in my distant native Mauritius, I discovered that Switzerland is the chocolate capital of the world despite the fact that it doesn’t produce a single cocoa bean. The miracle lies in worldwide commerce. A lot later, I’ll perceive that these can become unfair.

Learn additionally: US blocks IMF reforms

My nice luck is that my numerous editors-in-chief have by no means imposed any editorial line on me, besides probably the most lovely, the one which requires independence of thoughts and mental honesty. Values ​​that caught to my pores and skin anyway.

Final instance updated: the good debate on entry to vaccines through the Covid-19 pandemic. Whether or not the principles for the safety of mental property appear related to me, I additionally consider within the derogations that the negotiators had the intelligence to supply for, in instances of emergency. In 2020-2021, the European and American pharmaceutical business, with the complicity of its States, nonetheless prevented its utility.

Most of the time, I’ve thus been the person of misplaced causes. Specifically on relations between Switzerland and the European Union. I used to be the correspondent of Time in Brussels in February 2014 when the favored voice accepted the SVP’s “In opposition to mass immigration” initiative. This resolution nonetheless haunts our tough relations with our rapid neighbours.

Nonetheless I’m glad to have participated to decipher topics whose ins and outs are complicated. Listed below are 4 examples which can be near my coronary heart and for which reforms are needed.

Of the democratization of the IMF

The Worldwide Financial Fund (IMF), the policeman of the world economic system, is clearly on the service of its main shareholders, particularly the USA. With its 15% of the voting rights, Washington nonetheless enjoys a proper of veto on all choices.

One other unwritten association between outdated powers: the place of director of this establishment nonetheless goes to a European nationwide and that of the World Financial institution, the sister establishment, to an American.

Multinationals should pay truthful taxes

Multinationals make billions of income, however know easy methods to deal with engineering accountant to attenuate their taxes. Specifically by transferring earnings to tax havens the place the tax fee is low. The OECD is making an attempt to set a minimal tax fee to place an finish to dangerous tax competitors between States. Then again, it isn’t tomorrow the day earlier than that the massive firms will discharge their taxes the place they perform the income.

Worldwide taxation is set on the OECD, the Membership of wealthy nations. The creation of a World Taxation Group underneath the auspices of the UN can be extra logical and above all extra inclusive.

Additionally learn: The UN, not the OECD, ought to cope with worldwide taxation

The vile costs of agricultural uncooked supplies

Nations producing espresso or cocoa produce and promote increasingly, however their earnings doesn’t improve. Just a few years in the past, the Ivorian Minister of Agriculture reported surprising figures on the Paris Agricultural Present: the worldwide chocolate business generates 100 billion {dollars} a yr, however the producing nations solely get 6% , with barely 2% going to farmers. When an efficient and powerful cocoa OPEC that might face the patrons? They – Nestlé, Barry Callebaut, Lindt, Mars, Cadbury’s and others – are grouped collectively to barter the very best costs and impose their circumstances.

Learn additionally: Africa calls for a good slice of chocolate cake

Globalization is for everybody

Wealthy nations have grown affluent by way of commerce, however now block rising competitors by ignoring guidelines they themselves wrote. Customs surcharges penalize importers and exporters.

The USA and Europe are proper to cut back their overdependence on Asia. Relocations are subsequently a good suggestion. Even when for China particularly, they characterize excellent news. The departure of textile factories, for instance, frees up investments and energies for nationwide manufacturing with larger added worth.

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