Scholars, advocates, and activists seeking to make the U.S. a more responsible global partner.
Labor, Trade, & Finance
The Crisis of Multilateralism

The Crisis of Multilateralism

by , | Sep 12, 2006

Already buffeted by institutional crisis and policy conflicts, the International Monetary Fund (IMF) and the World Bank are heading into their fall meeting—scheduled to begin September 13 in Singapore—with yet one more problem. Desperate to win credibility among civil society groups, the Bank and the Fund had given official accreditation to representatives of four civil society organizations. The Singapore government had a different idea. It banned the groups “for security reasons.” This commentator was among those specifically named and banned as a “security threat.”

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Congress Approves Flawed Oman Trade Pact

by , | Jul 27, 2006

One of the sub-plots in last year’s critically acclaimed film Syriana tells the story of two young Pakistani “guest workers” in an unnamed Persian Gulf nation who, after years of resentment over miserable living conditions, are taken in by a radical cleric and recruited to be suicide bombers. The film is an all too accurate portrayal of the exploitation of “guest workers” in many Gulf countries, and how these conditions can cause instability.

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Trading on Terror to Profit a Few

by | Jul 13, 2006

Even as Congress has finally begun a serious debate about whether U.S. troops should be withdrawn from Iraq, another part of President Bush’s "war on terror" is advancing with far less public fanfare. Last month, the Senate Finance Committee approved the implementation of the U.S.-Oman Free Trade Agreement and cleared the way for its consideration by Congress.

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Still Waiting For Debt Relief

by | Apr 11, 2006

Last July, debt relief was all the rage. Bono crooned at the Live 8 benefit concert in London–one of almost a dozen taking place worldwide–and the leaders of the G8 nations met in Scotland to negotiate a response to the issue. In the end, the elected officials agreed to a breakthrough debt relief deal for some of the poorest countries in the world. They unanimously declared that providing relief, especially for sub-Saharan Africa, was a moral and economic imperative. President George W. Bush remarked that struggling nations “should not be burdened by mountains of debt” and announced that the G8 proposal would “eliminate 100 percent of that debt.” All that was left, the rhetoric suggested, was for the heads of state to congratulate themselves for their high-minded deeds.

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Peru’s Lourdes Flores Challenging Neopopulist Trends

by , | Mar 14, 2006

Lourdes Flores Nano, lawyer, centrist politician, and former legislator, looks set to become the next president of Peru. If her campaign stays on track, she will reverse the neopopulist trend in Latin America, most recently evidenced by the election of Evo Morales in Bolivia. She will also become the first woman elected president of Peru, just months after Michelle Bachelet made similar history in Chile. As with Bachelet in Chile, a Flores Nano victory will signal a major cultural change in Peru.

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The Economics of Outsourcing: How Should Policy Respond?

by , | Mar 1, 2006

Outsourcing is a central element of economic globalization, representing a new form of competition. Responding to outsourcing calls for policies that enhance national competitiveness and establish rules ensuring acceptable forms of competition. Viewing outsourcing through the lens of competition connects with early 20 th century American institutional economics. The policy challenge is to construct institutions that ensure stable, robust flows of demand and income, thereby addressing the Keynesian problem while preserving incentives for economic action. This was the approach embedded in the New Deal, which successfully addressed the problems of the Depression era. Global outsourcing poses the challenge anew and calls for creative institutional arrangements to shape the nature of competition.

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Free trade fails Latin America

by | Feb 27, 2006

Costa Rica is famous for sandy beaches and lush rainforests that make it a popular destination for U.S. tourists. But this month the small Central American country is making headlines for something else: a dead-heat election.

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