Issues / Labor, Trade, & Finance
As leaders of 34 Western Hemisphere countries gather in Quebec City, Canada in April 2001, President George W. Bush hopes that the third Summit of the Americas will mark a step toward fulfilling his fathers dream of creating a free trade area stretching from Alaska to Tierra del Fuego.
Drug profits moving through the U.S. financial system are estimated to be as high as $100 billion a year.
The militarization of Latin America, which begins at the U.S.-Mexico border, is undermining recent trends toward greater democratization and respect for human rights while doing little to stanch the flow of drugs into the United States.
After years of negotiations, stalling tactics, and domestic political debate, the U.S. Congress is considering ratification of bilateral trade agreements (BTAs) with the Socialist Republic of Vietnam and the Lao People’s Democratic Republic (Lao PDR or Laos) this summer.
The G8/G7, a self-constituted forum of the major free-market democracies, has situated itself at the center of global governance.
The Bush administrations Andean Regional Initiative (ARI)largely an expansion of U.S. support for Plan Colombiapassed the House of Representatives in late July, largely intact.
The international financial institutions (IFIs), particularly the International Monetary Fund (IMF) and the World Bank, but also including the regional development banks such as the Asian Development Bank and the Inter-American Development Bank, have come under unprecedented criticism in the United States.
For most of the worlds impoverished countries, multilateral debt looms larger than other debts because of the status of IFIs as preferred creditors assigned them by the Group of 7 (G-7) industrialized countries.
After a post-cold war decline, global military spending rose in 2000 to $800 billion.
Not since anticommunism was used to excuse the arming and training of repressive governments during the cold war has there been such a broad, fail-safe rationale to provide military aid and arms to disreputable foreign militaries.