Columns

War, instability, and high oil prices have created a perfect storm of profit for the world’s weapons manufacturers. This year, FPIF columnist Frida Berrigan reports, defense military analysts predict the biggest arms bonanza since 1993 ... which is saying something because in the aftermath of the first Gulf War the global industry reaped the benefits of a $42 billion arms race.
China and the United States are sustaining the global economy. But as FPIF columnist Walden Bello points out, this linked relationship is part of the problem, not part of the solution.

Oil Trip

Oil is a mixed blessing for Nigeria, Liberia, and Chad. Columnist Emira Woods reports on how the rich have pocketed the profits and the poor have suffered the environmental consequences.
On the eve of their summit in Singapore, the World Bank and IMF are in serious trouble, from a democratic deficit to a serious economic shortfall. Columnist Walden Bello writes about the event he was banned from attending.
Since September 11 and the ensuing war on terrorism, Central Asia's geopolitics have been further complicated by the new military presence of the United States, whose troops are now stationed in China's and Russia's backyard.