With the sudden end of the export era, East Asia may be entering a period of radical protest and social revolution that went out of style when export-oriented industrialization became the fashion three decades ago, writes Walden Bello.
Economic and political elites are converging on Global Social Democracy as a solution to the current economic crisis. But we need more than social management, argues Walden Bello: we should aspire to paradigms of social organisation that aim for equality and participatory democratic control of both national and global economy.
Not surprisingly, the swift unraveling of the global economy combined with the ascent to the U.S. presidency of an African-American liberal has left millions anticipating that the world is on the threshold of a new era.
NEW DELHI, Oct 23 (IPS) - Tata Motors' decision to shift the production site of its ultra-cheap, iconic Nano car from communist-ruled West Bengal state to Gujarat -- scene of the 2002 anti-Muslim pogrom -- has caused consternation and dismay among liberals and secular-minded people all over India.
The decision was personally taken by Ratan Tata, the company's chairman, and one of India's best-known and -regarded industrialists.
Today, just as faith in deregulated markets has evaporated in the nightmare on Wall Street, so too is the long reign of market fundamentalism (or neoliberalism) ending in the development arena. And, a debate over the best route to development has returned.
The Russian labour code, written to suit the interests of employers, has pushed workers to unite and oppose its draconian terms.
Recently Russian mass media have focused on labor movement. For the first time since the collapse of the Soviet Union the Russian journalists are writing about strikes and workers’ protests on May 1, 2008. Strike movement has been on the rise in Russia during the last ten months. It was started by the workers of the transnational companies and was assumed by the employees of the Russian corporations.