Now come the second thoughts on globalization, as never before have world markets been so integrated. The current financial crisis could mark the start of an effort to overhaul the global financial system conceived at the 1944 summit in Bretton Woods, N.H., which set the rules of international commerce for industrial countries.
As activists target the spring meetings of the IMF/World Bank with demands for 100% debt cancellation, the World Bank Bonds Boycott marks its one-year anniversary with an announcement that 25 institutions throughout the U.S. including city governments, trade unions, churches and investment firms have committed not to buy World Bank bonds.
WASHINGTON -- The White House and Congress are trumpeting their determination to bring economic opportunity to the people of Africa. But first, a few million sub-Saharan farmers will have to suffer.
The main public investor in a controversial gas pipeline in Peru's Amazon rainforest that has ruptured four times already appears adamant not to bow to pressure from green groups demanding a full investigation after a study asserted that the pipeline is shoddily built and likely to break again.
The International Monetary Fund and World Bank will hold their annual meeting in Prague next month, attracting nearly 18,000 officials, private bankers and journalists, as well as 20,000-40,000 protesters.
Walking on Fire: Haitian Women's Stories of Survival and Resistance, a new book from Center for Economic Justice director Bev Bell focuses on, among other things, the impacts of structural adjustment in Haiti and the responses and resistance strategies of Haitian women to such policies.
U.S. taxpayers' money, $7 billion worth, laid the foundation for Enron's global operations. Wysham and Vallette expose the company's dirty deals that brought turmoil to communities the world over.
The planned Bujagali Dam in Uganda violates five key World Bank policies. This is the conclusion of a confidential new report by the Inspection Panel, the World Bank's investigative body. The Panel report suggests a series of corrective measures to rectify the project's problems. International Rivers Network calls for these measures to be carried out before more funding for the project is approved by the Bank's Executive Board.
Riot police made what appeared to be an unprovoked attack Sunday on anti-globalization protesters gathered in a city park following a midday march down a main boulevard. At least 32 people were slightly injured and 19 were arrested.