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A4ID Law and Development Training Programme 2019: Module 3

Sat 2 March, 2019

Financing Development

Tax revenue – a challenge for development

John Christensen, Tax Justice Network

Increasing a country’s tax revenue is the best way to reduce dependence on foreign aid, with tax being the most sustainable source of finance for economic and social development.

This session will explore why tax is fundamental for development and will outline what is being done to implement effective systems for tax collection and to close the mechanisms which enable tax avoidance and evasion.

Global trade, the WTO and Dispute Settlement

James Scott, King’s College London

The World Trade Organisation has been instrumental in trade liberalisation and globalisation, but its critics highlight the disproportionate benefits that have flowed to rich, developed countries and the marginalisation of the least developed.

In this session we will focus on two aspects of the trade system and how it impacts on sustainable development. First, we will look at why the WTO has been so unequal in its effects on rich and poor states and how this inequality has impacted on the ability of the WTO to create new international regulations. Second, we will look at the WTO’s dispute settlement mechanism (DSM) – often called the “jewel in the crown” of the trade system. In particular we explore the extent to which the DSM has “levelled the playing field” for less powerful states, while highlighting some of the problems the WTO’s legal system has presented. Overall, this will provide a solid understanding of the nature of the multilateral trade system, the inequalities it has created and the legalisation of trade that the founding of the WTO engendered.

Political Corruption and the impact on development

Dr Sarah Bracking, King’s College London 

In this session we will study how corruption drains vital financial resources which might otherwise fund economic and social development. We will analyse the modern meaning and manifestations of corruption, and the impact of corrupt regimes and corrupt private sector actors on achieving development goals.

Focusing on recent anti-corruption campaigns aimed at political and economic elites, our expert speaker will investigate the development finance market, private sector corruption and whether foreign aid itself can fuel corruption. The session will end with suggestions on how lawyers can help people resist corruption and ameliorate its negative effects.

Setting the standard for responsible project financing

Helena Anderson, Ikigai Capital

In areas with weak regulation, large-scale construction projects can result in significant environmental and social damage, with no recourse to justice for those harmed.

As an example of responsible financing, this session will explore the Equator Principles, which were developed by the International Finance Corporation to manage and mitigate the social and environmental risks of projects and to promote responsible development.

For more information on how to book your place on this course please click here. The deadline for ‘early bird’ discounts and scholarships is 30th November 2018.

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A4ID
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