An examination of the World Bank's policies and culture reveal a supranational, non-democratic and extremely powerful institution which functions much like the medieval Church or a monolithic political party, relying on rigid doctrine, hierarchy and a rejection of dissenting ideas to perpetuate its influence.
More than 90 environment, development, human rights, and anti-debt organizations from around the world want the Bank to have no say in setting up this key new tool for helping poor nations address climate change.
Who are the global 1%? What companies do they run? How do they escape accountability? Check out TNI's powerful infographic displays that expose the social and environmental costs of global corporate power.
A series of provocative essays by leading researchers and activists on three crucial questions: what kind of development should new global economic institutions promote, what are the viable alternatives to the World Bank and IMF and what other global economic institutions are needed to promote a more just trading order with greater social and ecological responsibility.
In a recent editorial comment, The Economist issued a solemn call to all believers in global capitalism not to despair, not to panick, and to do nothing that could endanger the capitalist system (October 18-24, 2008). The magazine invoked the words and spirit of its founder, the Scottish businessman, James Wilson, who, about 165 years ago, gave the paper the philosophy of "economic liberty".
This book takes readers on a journey through the rise and fall of the one-size-fits-all model of development that richer nations began imposing on poorer ones three decades ago. It brings into question the entire conventional notion of “development,” and offers readers a new lens through which to view the way forward for poorer nations and poorer people.
Europe’s aggressive external market
access agenda, combined with its push internally for market reforms in the
interest of competitiveness, poses new threats to workers in the North and South and will need a transnational trade union response.
Amongst many other analyses and debates, the more extensive awareness of the active role of the state and of states in the purportedly highly successful 'market economies' in East Asia and South East Asia is bringing discussion of the role of state back into quite mainstream development discourse.
2011 witnessed the implementation of some of the most comprehensive undemocratic structural changes in the EU since the Lisbon Treaty. Alternative proposals for a progressive exit from the euro crisis are laid out here.
The so-called “global land grab” continues the historic process of land enclosures described by Sir Thomas More in Utopia as “sheep eating men,” when English peasants were evicted from the commons to make room for private estates.
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.