Issues / Labor, Trade, & Finance
War, instability, and high oil prices have created a perfect storm of profit for the worlds weapons manufacturers. This year, FPIF columnist Frida Berrigan reports, defense military analysts predict the biggest arms bonanza since 1993 ... which is saying something because in the aftermath of the first Gulf War the global industry reaped the benefits of a $42 billion arms race.
China and the United States are sustaining the global economy. But as FPIF columnist Walden Bello points out, this linked relationship is part of the problem, not part of the solution.
In The Perils of Globeerization, Chris O'Brien argues that beer can literally save the world.
Postcard From ... Singapore
Development Muzak plays again in Singapore at annual meetings.
A shuffling of the Fund's voting shares slashed Africa's already minimal decision-making power. While unfair, the move is just a symptom of what's wrong with the IMF.
On the eve of their summit in Singapore, the World Bank and IMF are in serious trouble, from a democratic deficit to a serious economic shortfall. Columnist Walden Bello writes about the event he was banned from attending.
Accord wont help abused guest workers.
This op-ed ran in the Baltimore Sun on June 30, 2006.
This op-ed ran in the Los Angeles Times on June 26, 2006.