Posts Tagged: financial flows
The failure of sustainable economic growth to take hold in the developing world demonstrates that "free trade" is not delivering on its promise to bring prosperity to the world's poor.
The IMF was created as the "guardian" of the global economy, promoting unimpeded trade and ensuring that national exchange rates would stay within set values.
Shaping new international rules for labor rights, environmental protection, gender equity, minority rights, sustainable development, and other social goals is a formidable political challenge in view of the forces promoting profit-above-all trade and investment policies.
The environmental implications of this decade's massive movements of money into the developing world, while enormous, are also complex and somewhat contradictory.
The Clinton administration has put investment liberalization at the center of much of its foreign policy regarding investment flows.
The trade in illicit drugs is estimated to be worth $400 billion a year, and it accounts for 8% of all international trade, according to the United Nations.
Since the early 1980s, bankers working together with national policymakers and officials at such international financial institutions (IFIs) as the World Bank and the International Monetary Fund (IMF)have largely succeeded in deregulating the global banking system.
The global economic integration of trade, investment, and finance is raising new issues for U.S. foreign economic policy.
Since the mid-1980s, there has been a dramatic increase in the magnitude of international flows of portfolio investment (PI), especially from countries in the North to emerging market economies across the South.
Throughout the 1980s and 1990s the U.S. has been a principal force in imposing Structural Adjustment Programs (SAPs) on most countries of the South.