Labor, Trade, & Finance

Food Aid Emergency

When sudden food price increases started to make headlines last summer, an estimated 852 million people were already living with crippling hunger, which the United Nations defines as continuously getting too little food to maintain a healthy and minimally active life. The UN’s Food and Agriculture Organization (FAO) estimates another 50 million people were added to the count in 2007. For people living with hunger, a long-term solution won’t come quickly enough. Many of them will need emergency assistance. Clearly, the UN and donor nations need to plan and invest more strategically to ensure a more food-secure future.

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Mexico’s Oil Referendum

Mexico is engaged in one of the most pivotal debates in its modern history: the future of its oil industry. The question is whether oil operations should remain in state hands or be privatized. Mexico exported 1.1 million barrels of oil per day to the United States in 2007, making it the third-largest supplier of oil to the United States, after Canada and Saudi Arabia. Yet the U.S. media has paid scant attention to the debate over what will happen with Mexico’s most important industry.

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A Third Way: Globalization from the Bottom

A Third Way: Globalization from the Bottom

Just as many books have been written as there are individual viewpoints on the crises related to globalization. Mark Engler’s new title How to Rule the World: the Coming Battle Over the Global Economy has some unique offerings. It offers insight about the different currents at play in globalization, along with some new analysis about the rise of a distinct globalization that promotes social and economic democracy. This new movement is people-powered, and its future is promising.

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The Dracula Round

Like the good Count of Transylvania, the World Trade Organization’s Doha Round of negotiations has died more than once. It first collapsed during the WTO ministerial meeting held in Cancun in September 2003. After apparently coming back from the dead, many observers thought it passed away a second time during the so-called Group of Four meeting in Potsdam in June 2007 — only to come back yet again from the dead. Now the question is whether the unraveling of the most recent “mini-ministerial” gathering in Geneva was the silver stake that pierced the trade round’s heart, rendering Doha dead forever.

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Heroes of Beijing: The Triumph of the West

Heroes of Beijing: The Triumph of the West

While most of the recent attention that has been focused on the Beijing Olympic Games has been concerned with civil rights and environmental issues, virtually no comment has been made on the fact that by hosting the games, China becomes yet one more country to enter into what is essentially a pact with the devil with capital on the one hand and western sporting “ideals” on the other.

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Obama Should Stay Tough On Trade

Speaking at a February campaign rally, Sen. Barack Obama decried “leaders [who] change their positions on trade with the politics of the moment.” He argued, “We need a president who will listen to Main Street – not just Wall Street; a president who will stand with workers, not just when it’s easy, but when it’s hard.”

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The WTO’s Raw Deal on Services

Desperate to clinch a new global trade deal, World Trade Organization chief Pascal Lamy is planning to convene a "mini-ministerial" meeting in the third week of July. The aim of the meeting is to come up with agreements to liberalize trade in agriculture, industry, and services. These sectors have been the focus of the so-called Doha Round of WTO negotiations that have dragged on since 2001.

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The Commodities Bubble

For those following economic trends, the past 18 months are notable primarily for two reasons. First, the U.S. housing market, long seen as overvalued by alternative economists and even powerful economic institutions including the International Monetary Fund (IMF), finally went from boom to bust. Over the span of a few months, housing in some markets depreciated by as much as 30%, and some economists estimate that losses may ultimately reduce value by as much as 50% in some cities.

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Africa’s Unnatural Disaster

While the mainstream media doesn’t always ignore the pressing issue of hunger in Africa, it rarely explores the root causes of this problem. Behind most news on the issue, there’s an assumption that casts hunger as a natural result of unfortunate weather conditions, coupled with bureaucratic inefficiency and bad economic planning.

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