The conventional arms trade continues to bedevil the international system. Although the world arms trade continues to decline in dollar value, the major arms supplying states have redoubled their efforts to export their weapons overseas.
Issues / Labor, Trade, & Finance
Multilateral debt, the result of lending by the International Financial Institutions (IFIs), is contributing to the economic and social crisis that is overtaking many Low Income Countries (LICs).
Immediately following World War II, the major capitalist powers, dominated by the U.S. and Britain, met at Bretton Woods, New Hampshire to establish multilateral institutions to manage the postwar restructuring and expansion of the global capitalist economy. Two international financial institutions (IFIs) emerged from the July 1944 meeting: the International Bank for Reconstruction and Development (World Bank) and the International Monetary Fund (IMF).
U.S. agricultural policymakers have long relied on the world marketplace to serve a diverse agendaincluding management of the domestic farm economy, promotion of geopolitical interests, and most prominently, bolstering exports.