Issues / Labor, Trade, & Finance
After a decade of rapid growth, the international financial system is now plagued with extreme volatility and crisis.
Consistent with U.S. political interests to promote a private sector agenda, the World Bank has accentuated the private sector in its operations and highlighted financial support for the private sector in its own agenda in the last few years.
The Clinton administration continues to promote the deeply flawed "Washington consensus" of neoliberal globalization in the APEC countries.
The agenda of the WTO, the implementation of its agreements, and the much-praised dispute settlement system all serve to advance the interests of developed countries, sidelining those of the developing countries.
Although the world market for environmental technologies is twice the size of the world arms market, the U.S. supports its arms exports over its environmental technologies market by a staggeringly large margin.
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.
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.
Increased economic globalization has resulted in an increased feminization of poverty, forcing greater numbers of women worldwide to migrate in search of work.
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.