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IMF, World Bank & Trade

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The failure of the IMF, World Bank and WTO to represent and further the interests of the developing world, through their one-size-fits-all approach, has lead to the collapse of trade negations, widespread criticism of their effectiveness, and bitter international protest. Many countries are rejecting the neoliberal ideologies of the ‘unholy trinity’ with intensifying calls for their reform or decommissioning.

Latest Articles

Tom Friedman's Folly: The Lies Behind 'Free Trade'

Ha-Joon Chang is a Cambridge economist who specializes in the abject poverty of the Third World and its people, groups, nations, and empires, and their doctrines that are responsible for this condition. He won the Gunnar Myrdal Prize for his book Kicking Away the Ladder: Development Strategy in Historical Perspective (2002), and he shared the 2005 Wassily Leontief Prize for his contributions to "Rethinking Development in the 21st Century".

 
IMF Conditionality High, Effectiveness Low

A report by the IMF’s evaluation arm faulted the Fund’s overuse of structural conditionality and partially blamed donors for the problem, but civil society critics of conditionality are not satisfied with the scope of the report or the changes accepted by the Fund. Structural conditions are economic and political reforms that the IMF requires to the structure of a borrower’s economy, such as privatisation of public enterprises, and are different than quantitative conditions such as inflation and deficit targets.

 
Communism for capitalists: WTO limits on global warming policy

World heating up1st February 2008 - Todd Tucker, Eyes on Trade

There is little doubt that government will play THE leading role in stopping further global warming - no other institution in society has the police power or administrative economies of scale to make it happen, regardless of the specific combination of mechanisms to be used. All of the Democratic candidates (see here, here, and here) crib some portion of their climate change / green jobs proposals from the ambitious Apollo Alliance project, which sees a primary role for government, even it its more voluntary aspects. Portions of this agenda are also in a bill co-sponsored by all current senators of both parties running for president.

 
NAFTA and Mexico's Agrarian Apocalypse: Zero Hour

nafta made me homeless.gif17th January 08 - John Ross, CounterPunch.org

At the stroke of midnight this past January 1st, a hundred or so farmers and day laborers from both sides of the border converged on the hump of the Cordoba Las Americas bridge that connects up El Paso and Ciudad Juarez, to mark the demise of Mexican agriculture. In accordance with the timetables set by the North American Free Trade Agreement signed by Mexico, the U.S. and Canada 14 years ago, as of January 1st 2008, all tariffs on corn, beans, powdered milk, sugar and 200 agricultural products were reduced to zero, setting in motion a doomsday scenario that farmers organizations here say will inevitably lead to crisis in the Mexican "campo" or countryside, mass abandonment of unsustainable plots, increased hunger, and even armed rebellion by the nation's beleaguered small farmers.

 
Fourteen Years of NAFTA and the Tortilla Crisis
nafta over countries.jpg14th January 08 -  Ana de Ita, Center for International Policy
 
In January 2008, agricultural trade between Mexico, the United States, and Canada will become completely free, with the end of the implementation period of the North American Free Trade Agreement (NAFTA). All U.S. and most Canadian products will be able to enter Mexico without any duties. The same will occur with Mexico's exports to the other two countries. NAFTA's agricultural agreement (Chapter VII) promotes the total liberalization of agriculture and forestry in the region.
 
Watchdog Faults IMF Loan Conditions
imf and dollars.jpg7th January 07 - Abid Aslam, Inter-Press Service
 
"Progress had been made in better aligning IMF conditionality to its core areas of responsibility and expertise, but about one-third of conditions continued to reach outside these areas," said Tom Bernes, director of the fund's Independent Evaluation Office.
The findings seem bound to fuel criticism that the IMF has arrogated unto itself the power to set terms beyond its formal mandate. In particular, evaluators are urging the fund to ease or jettison demands that borrowers transfer public services and enterprises to private owners.
 
Closing Our Borders Can't Mean Turning Our Backs

us border fence with silohette3rd January 08 - Tim Murray, Canada The Sinking Lifeboat

To many, George Bush’s $2 billion border fence will be but another testament to the futility of walls. In the face of persistent adversaries and technological advances, each of history’s more notable barriers have proven obsolete over time. The 1500 mile Chinese wall was penetrated at least three times, most famously by the Mongols in the 13th century. The 300 mile Roman barrier of Limes was useless against the mass migration of Huns and Goths after the late 4th century, while only Hadrian’s wall could claim some efficacy, until its garrison withdrew abruptly for the defence of Rome. And of course, the Maginot and Siegfried lines were spectacular failures.
 
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