Deeply involved in the preparation of the 1975 military coup in Chile, the so-called Chicago Boys convinced the Junta generals that they were prepared to supplement the brutality, which the military possessed, with the intellectual assets it lacked. Here Orlando Letelier, TNI's second director, reflects on the impact their economic ideology had on Chile and by default shares pertinent observations on the legacy that persists today.
The United Kingdom is home to a particularly influential services industry lobby, which operates through an organisation called International Financial Services, London (IFSL). Two IFSL working groups, the Liberalisation of Trade in Services (LOTIS) Committee and the High-Level LOTIS Group, constitute a veritable corporate-state alliance.
Venezuela has undergone profound political and social changes since Hugo Chávez assumed the presidency in February 1999, which have been reflected in the fundamental pillars of the government’s economic policy.
As the world is still assessing one of the most violent shocks in international financial markets ever, and measures to avoid future financial crises are still not in place, developing countries should be cautious of dangers associated with further liberalisation of their financial sectors.
Dark Victory reveals the roots of rising poverty and inequality in the South in a sweeping strategy of global economic rollback unleashed by the US to shore up the North's domination of the international economy and reassert corporate control.
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.
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".
Talk of the dangers of trade protectionism is used by European politicians to obscure the need for protection from transnational corporations whose control of European trade policy continues to cause negative social and environment impacts. Susan George and Myriam Vander Stichele debate MEP Ignasi Guardans and Chief Economist DG Trade, Gaspar Frontini, in TNI's Debating Europe series.
Charles Santiago, Helmut Markov, Ignacio Garcia Bercero
04 မေလ 2009
"ASEAN should build a different kind of regionalism and not sign bilateral Free Trade Agreements with the EU", says Malaysian MP Mr. Charles Santiago in Brussels in a debate with Mr. Bercero, chief negotiator for the EU in the EU-Korea FTA and Mr.