{"id":4260,"date":"2014-11-21T00:00:00","date_gmt":"2014-11-21T00:00:00","guid":{"rendered":"https:\/\/ourlandourbusiness.org\/world-bank-rankings-fail-the-needs-of-the-pacific-pacific-ngo\/"},"modified":"2014-11-21T00:00:00","modified_gmt":"2014-11-21T00:00:00","slug":"world-bank-rankings-fail-the-needs-of-the-pacific-pacific-ngo","status":"publish","type":"post","link":"https:\/\/ourlandourbusiness.org\/fr\/world-bank-rankings-fail-the-needs-of-the-pacific-pacific-ngo\/","title":{"rendered":"World Bank rankings fail the needs of the Pacific \u2013 Pacific NGO"},"content":{"rendered":"

Source: Mai Life<\/p>\n

November 21, 2014<\/span><\/p>\n

The recent praise handed down to some Pacific Islands from the World Bank\u2019s 2015 Doing Business rankings is sending the wrong message, claims the Pacific Network on Globalisation (PANG). The rankings compare the ease of doing business across countries compared to the world\u2019s \u2018best practice\u2019.<\/p>\n

\u201cThe latest rankings again display the absurd contest between countries to see who can be the most pro-business without any regard for what that real costs are for social, environmental, cultural or human rights,\u201d commented PANG Coordinator Maureen Penjueli.<\/p>\n

\u201cIt rewards countries lowering of social, environmental, cultural and human rights safeguards, therefore allowing the exploitation of natural resources and human capital by foreign investors and local elites.\u201d<\/p>\n

The World Bank has singled out Palau, Solomon Islands and Vanuatu as countries who have undertaken reforms to encourage business growth over the last year.<\/p>\n

\u201cThe rankings act to pressure small islands states in the Pacific to implement the reforms that major industrial economies currently enact. These are the same economies that used many of the domestic policies which the World Bank\u2019s rankings would frown upon to in fact develop and nurture their local industries and capacities,\u201d added Ms Penjueli<\/p>\n

Since 2002, through this annual publication, the World Bank has been benchmarking and ranking countries according to \u201cthe ease of doing business.\u00a0 The Doing Business is based on the principles of privatisation, deregulation, low taxation for corporations, and \u2018free market\u2019 fundamentalism.<\/p>\n

The rankings are again attracting criticism from the multi-continental campaign \u201cOur Land Our Business\u201d who challenge the legitimacy and mandate of the World Bank to issue such rankings. The international campaign is calling on the World Bank to stop pressuring developing countries such as Pacific island countries to free up land for investment and other activities that aim to ease the costs of doing business for multinational corporations.<\/p>\n

Ms Penjueli continued \u201cthere are no winners in the race to the bottom created by the Doing Business rankings, which are today\u2019s version of the Structural Adjustment Programmes that devastated livelihoods of millions of people through the withdrawal of state intervention and the forced liberalisation of national economies in the 1980s and 1990s.\u201d<\/p>\n

\u201cThe many facets and connections that make up the Pacific reality, like custom control of land, sit opposed to this system of ranking the Pacific economies. It is not for the World Bank to come in and tell Pacific Islanders that becoming like the major economies is what is best for them, the World Bank has no right to do so\u201d concluded Ms Penjueli.<\/p>\n

View Full Article at Mai Life <\/a><\/p>\n<\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

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