It is not surprising that Jerusalem has become the sticking point in the Israeli-Palestinian peace process. The Israeli refusal to share the city with the Palestinians and the Clinton administration’s refusal to push the Israelis to compromise make successful negotiations extremely difficult.
Don’t Strengthen the WTO by Admitting China
The congressional debate over China’s trading status with the United States and its entry into the WTO has stirred a parallel debate among the directors and staff of Foreign Policy In Focus and within the two organizations—Institute for Policy Studies and Interhemispheric Resource Center—that sponsor the FPIF project. This essay is the second in a series of FPIF discussion papers examining the internationalist and nationalist tendencies within the fair trade movement in the United States. We invite readers to join the discussion by sending their comments to tom@irc-online.org for inclusion in the FPIF’s ezine, The Progressive Response.
WTO, Agricultural Deregulation and Food Security
Key Points
WTO and Sustainable Development
Benefits of Capital Flows: New Role for Public
Key Points
U.S., Greece, and Turkey
President Bill Clinton’s visit to NATO allies Greece and Turkey is raising new questions about the ongoing strategic relationship the United States has with these two historic rivals, particularly in the light of the anti-American demonstrations which delayed and shortened the planned presidential visit.
Multilateral Debt
Key Points
Export-Import Bank
Key Points
U.S. Leadership in the Global Economy
In a December 1998 Wall Street Journal/ NBC News survey, 58 percent of Americans polled indicated that “foreign trade has been bad for the U.S. economy.1” Similar U.S. public opinion surveys in recent years register growing public apprehension over the current course of corporate-led economic globalization. Yet, expanding trade and overseas investment has been the Clinton administration’s central strategy both for job growth and for addressing a rapidly changing global economy. This fundamental divide between U.S. government policy and U.S. public opinion represents a monumental challenge for the crafters of U.S. foreign policy at the onset of a new century.
Repairing the Global Financial Architecture: Painting over Cracks vs. Strengthening the Foundations
Components of the package outlined below have been circulating as separate reform proposals—some on the IMF and/or G-7 reform agendas, others struggling against Washington and IMF resistance. Combined they are an updating of the Bretton Woods architecture commensurate with today’s changed economic and political environment. They would help restore some of the stable, equitable, economic growth of yesteryear, while supplying institutional building blocks for erecting a genuinely integrated global economy in the future. The components are: