Growing Role of Switzerland in Commodity Trade
| Autor: | Bc. Ondřej Sláma |
|---|---|
| Rok: | 2014 - letní |
| Vedoucí: | doc. Petr Janský Ph.D. |
| Konzultant: | |
| Typ práce: | Bakalářská |
| Jazyk: | Anglicky |
| Stránky: | 50 |
| Ocenění: | |
| Odkaz: | https://is.cuni.cz/webapps/zzp/detail/137239/ |
| Abstrakt: | This thesis assesses causes and consequences of Switzerland becoming the world's leading commodity hub. In both the replication and the extension of existing esti- mates, I find support for the hypothesis that Switzerland declares unusually higher (re-)export prices for commodities which are also on average under-priced as devel- oping country exports to Switzerland. The transfer pricing manipulation process implies a potential capital loss for commodity exporting countries along with other movement of either illicit or illegal financial ows. The highest annual estimate of $117 billion loss for developing countries trading with Switzerland suggests substan- tial issue in times of development aid turmoil. I attribute such grievous matters to Switzerland's low efort to meet international norms of international trade and trade transparency. The transfer pricing manipulation might also serve as a vehicle for money laundering, terrorist financing, corruption, or tax and tarif evasion and avoidance, as the data imply. |
