Posts Tagged: financial flows

G8/G7 and Global Governance

At the center of the current debate of global governance is the G8/G7, a self-constituted forum of the major free-market democracies, whose deliberations and declarations have come to shape key decisions in the management of global political and economic affairs.
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 father’s dream of creating a free trade area stretching from Alaska to Tierra del Fuego.
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.

G8 and Global Governance

The G8/G7, a self-constituted forum of the major free-market democracies, has situated itself at the center of global governance.
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.
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