Greater government intervention is needed to moderate the severe
economic swings and inequalities that seem to be an unavoidable
byproduct of globalization, according to a United Nations report released yesterday.
The goal of neoliberal economic globalization is the removal of all barriers to commerce, and the privatization of all available resources and services. In this scenario, public life will be at the mercy of market forces, as the extracted profits benefit the few, writes Rajesh Makwana.
The NEF argue the case that global economic growth is an extremely inefficient way of achieving poverty reduction, and is becoming even less effective. We need to move towards a system in which policies are designed explicitly and directlyto achieve our social and environmental objectives, treating growth as a by-product.
Sub-Saharan Africa is a massive US$272 billion worse off because of ‘free’ trade policies forced on them as a condition of receiving aid and debt relief, says a new report from Christian Aid.
Global markets, global technology, global ideas and global solidarity can enrich the lives of people everywhere. The 1999 HDR argues that the challenge is to ensure that the benefits are shared equitably, and that this increasing interdependence works for people - not just for profits.
