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5 items
  1. View of Shanghai Pearl Tower

    From Japanese bubble to Chinese time bomb

    Walden Bello
    16 October 2017
    Article

    Asia’s financial crisis came a decade before the global crisis, but it has had a lasting influence and left a legacy that could sow the seeds for the next global crisis.

  2. Asian financial crisis thumbnail image

    Asia and Finance Capital: From the Japanese bubble to China’s financial time bomb

    • Walden Bello
    18 September 2017
    Paper

    This paper dissects the Japanese bubble economy in the late 1980’s and early 1990’s and the Asian Financial Crisis in 1997-98 and shows how they shaped Asia’s capacity to deal with and respond to the 2008 global financial crisis. It looks at how China emerged seemingly unscathed, but warns that the inroads of speculative financial capital into China and East Asia along with ongoing problems of over-production means that a future financial crisis is highly probable.

  3. The War on Terrorism Financing and Its Consequences for Civil Society

    Ben Hayes
    30 August 2017
    Article

    This summer, Women Peacemakers Program staff interviewed Ben Hayes, a researcher on topics such as security policy, counterterrorism, border control and surveillance, about his current work. Ben Hayes has been one of the first to research and write extensively on how countering terrorism financing (CTF) policies have been affecting the right to freedom of association and financial access for nonprofits, and the role of intergovernmental institutions such as the Financial Action Task Force (FATF)[1] in these phenomena. In this interview, he talks about how this topic first came to his attention, current trends in trying to craft solutions for the obstacles faced by nonprofits, as well as his take on what it will take to move forward.

  4. Europe's Faustian Bargain with Big Finance

    Walden Bello
    24 May 2017
    Article

    Europe's social democrats played a central role in unleashing the financial sector that created the European economic crisis that continues to today.

  5. Europe: social democracy’s Faustian pact with global finance unravels

    • Walden Bello
    18 May 2017
    Paper

    This paper focuses on how the global economic crisis unfolded in Europe, where a toxic mix of financial liberalization, highly-leverage banks, a poorly-planned euro and Germany’s years of structural adjustment created a deeply unbalanced and highly indebted European economy, that was brought into sharp focus as Wall Street banks collapsed. The result was the reversal of Europe's economic integration and a state of permanent crisis that continues to this day.