Daily Telegraph Crisis trade talks in Paris as protectionism looms Dr Razeen Sally, a trade expert at the London School of Economics, said the post-war global order was slowly unravelling. ‘The end of the 'goldilocks' global economy has exposed the visible cracks around the world. Countries are resorting to beggar-thy-neighbour policies on food and fuel. In Asia we are seeing a noodle-bowl of restrictive arrangements. I think the WTO has become disconnected from the political reality of the 21st Century.’ http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/06/cntrade106.xml
Engineering News A franker dialogue begins over China's role on the continent Chinese engagement with Africa is creating new opportunities for the continent. ‘New investment, the opening of new markets, access – for consumers, at least – to low cost goods from China,’ enumerates South African Institute of International Affairs China Project head and Reader at the London School of Economics Dr Chris Alden. http://www.engineeringnews.co.za/article.php?a_id=134306
Late-edition headlines
VOA After failed talks with rebels Uganda considers military route Dr Tim Allen, reader in development studies at LSE, comments on the Lord’s Resistance Army of Uganda. http://www.voanews.com/english/2008-06-05-voa50.cfm
Bloomberg Darling to boost Bank of England focus on stability Chancellor of the Exchequer Alistair Darling, answering questions about when he would name a replacement for the Bank of England's deputy governor, said he wants to appoint outsiders to advise on financial stability. ‘You can have all the people in the world, but it depends what they do,' said Charles Goodhart, a professor of finance at the London School of Economics and a founding member of the central bank's rate-setting committee. ‘Sometimes in politics too much attention is paid to structure and not enough to content.' http://www.bloomberg.com/apps/news?pid=20601102&sid=a59hrEf9qJvE&refer=uk
Resource Investor, USA Will the credit crunch lead to recession Nick Bloom writes: ‘Much like the credit crunch today, the Great Depression began with a stock market crash and a meltdown of the financial system.’ in an article for Resource Investor. http://www.resourceinvestor.com/pebble.asp?relid=43316
