Posts Tagged: financial flows
The policies of the IMF are not only backed by the U.S. government and its allies, but also by powerful elites in low-income countries. Yet the economic case for change is overwhelming
The U.S. needs to resume its original Bretton Woods perspective.
Let us take as a starting point that the broadly consensual strategy and basis for self-activity in what we can term Global Justice Movements is the following: to promote the globalization of people and halt (or at minimum radically modify) the globalization of capital.
One of the most controversial "structural adjustment" policies promoted by the World Bank and the IMF is the imposition of user fees on primary healthcare and education
The U.S. has a long history, spanning both Republican and Democratic administrations, of advocating openness and accountability at the IFIs.
We should not accept, as fate, the feeling that, if our leaders do not lead, nothing can be done.
After a worldwide removal of regulatory constraints, market forces have assumed a dominant role in the international financial system.
The military captures almost one-half of the entire federal discretionary budget--money for everything the government does from the FBI to Head Start, excluding only mandatory spending, primarily interest on the national debt and entitlements like Social Security and Medicare.
Environmentalists are increasingly demanding that international rules and corporate norms governing investment explicitly embrace environmental and social performance goals.
For most of the worlds poorest countries, multilateral debt looms larger than other debts because of the IFIs status as "preferred creditors," as providers of core development and balance-of-payment loans.