Environmental Aspects of a Potential Philippines-European Union Free Trade Agreement
This paper focuses on the environmental aspects of a potential Philippines-European Union Free Trade Agreement (PH-EU FTA). Potential environmental issues in the negotiation of such an FTA (if at all undertaken) are identified to better prepare the Philippine negotiating panel and equip them with information and analysis to make well-informed positions on such issues. It looks at the interaction between the multilateral trade regime--the World Trade Organization (WTO) principally--and multilateral environmental agreements, reviews the Philippine approach to environment-related trade measures, and looks at Philippine practice and implementation of environmental agreements from a trade perspective. EU policies on trade, environment, and development are also discussed to anticipate what could be EU positions during the FTA negotiations with the Philippines. The paper ends with the following conclusions and recommendations: (1) The EU will most likely push for more harmonization of the FTA provisions with WTO rules. On the sustainable development front, the EU would push for including sustainable development principles into all levels and in cross-cutting policy areas; (2) The Philippines can expect the EU to come up with a strong position on sustainable development, expecting the Philippines to make concrete commitments to principles of sustainable development; (3) Philippine sustainable development goals are not inconsistent with the EU. However, the Philippines in the FTA negotiations would be best served to emphasize poverty reduction and financial and technical support from its EU partners.
Environmental Goods and Services Negotiations at the WTO: Lessons from Multilateral Environmental Agreements and Ecolabels for Breaking the Impasse
This analysis looks for paths to progress in the WTO’s stalled negotiations on environmental goods and services – a set of talks that is frequently cited as trade policy’s natural contribution to climate change objectives. It surveys the experience of a number of multilateral environmental agreements – The Rotterdam Convention (Prior Informed Consent or PIC), the Stockholm Convention (Persistent Organic Pollutants or POPs) and Convention on International Trade in Endangered Species of Wild Fauna and Flora – and ecolabels (looking at coffee, fisheries and the Energy Star label). The results of the survey and a new taxonomy for environmental goods are used to create six recommendations for moving forward.
Complexity, Network-Decisions And Alternative Risk Premia: Some New Theories Of Structural Change And Portfolio Decisions.
Structural Change is the basis for many decisions such as government fiscal and monetary policies, government interventions, corporate-expenditure decisions, corporate strategic decisions, portfolio management decisions in finance; household allocation decisions, etc.. Structural change in industries and national economies is increasingly more difficult to detect partly because of the growth and dominance of Complex Systems and “Networks” in modern industries and economies – such Networks and Complex Systems include GVCs (global value chains), retail store networks; franchising networks; internet networks; services networks; credit-chains in industries; online social networks; etc.. The relationship between Complexity and Structural Change is well established in the physics, applied math and economic dynamics literatures. Traditional definitions and modeling of structural change have erroneously focused on changes in labor, technological progress, market share, and or capital – which are grossly inadequate in the new economy and post- global financial crisis (as confirmed by changes in the global retailing and housing industries and other industries). Also the modeling of structural change seems to be constrained by the availability of data, and often omits the relationship between structural change on one hand, and globalization, financial stability and international financial contagion. This article: i) introduces the Operations Strategy Model of structural change, explains how it differs from the Lewis Model of Structural Change; and explains the often omitted relationship between operations strategy (of companies and government agencies) and structural change; ii) introduces other new Complexity-based models/theories of Structural Change in industries; iii) reviews the relationships among Operations Research, Complexity and Structural Change; iv) explains the symbiotic relationship between structural change on one hand, and economic growth, financial stability, financial contagion and globalization; v) discusses the significant gap between academic research and practice and explains some issues and factors that should be considered in the development and testing of structural change models; vi) explains how alternative risk premia can be generated from new models of Structural Change.