Getting Around Geithner

Getting Around Geithner

I’ve been trying to get the Obama administration to come out of the Dark Ages on the subject of capital controls for three years. The light, however, seems to be shining only outside Washington. I know capital controls aren’t exactly issue No. 1 on...

Capital Controls and the Trans-Pacific Partnership

U.S. negotiators are hardliners against capital controls in current Trans-Pacific trade talks with eight other countries. Their position is more rigid than the International Monetary Fund and previous U.S. regimes, including the Reagan administration. This briefing...
Greece on the Verge

Greece on the Verge

The speaker is a young woman, her tone calm. “This is our Square,” she says. “We are here in large numbers, we have been here since May 25 and we are not leaving. Stay calm and stand firm. We will occupy this space until they leave office.” The...
Saudi Arabia: Rolling Back the Arab Spring

Saudi Arabia: Rolling Back the Arab Spring

The Saudi and Bahraini monarchies recently announced the engagement of a Saudi princess to a Bahraini prince. A substantial bridal party has preceded her, though. Starting March 14th, 4,000 Gulf Cooperation Council (GCC) troops, mostly from Saudi Arabia, have entered...
Mexico’s Hot Money Challenge

Mexico’s Hot Money Challenge

The headlines out of Mexico these days are dominated by the fiery violence related to the war on drugs. Mexico’s economy is also heating up in ways that are extremely dangerous to the future of the country. In the first three quarters of 2010, $27.1 billion of...
Fighting Finance from Below

Fighting Finance from Below

At the onset of the Third World debt crisis in the 1980s, many economic justice activists were afraid to engage on the issue because they felt it was just too complicated. Then, in the 1990s, the hot issue was trade. And again, many people thought, “I’ll...

Memo to U.S.: Only Fools Rush In

This article originally appeared in the Guardian on 3/21/10. U.S. diplomats are no doubt eager to find something – anything – on which the Obama administration and China can agree. So perhaps it should come as no surprise that they appear eager to make...

The Virtues of Deglobalization

The current global downturn, the worst since the Great Depression 70 years ago, pounded the last nail into the coffin of globalization. Already beleaguered by evidence that showed global poverty and inequality increasing, even as most poor countries experienced little...

Sustainable Development North and South

This report identifies ways of encouraging low-carbon, anti-poverty project investments in developing countries, and discouraging international financial institutions’ (IFIs) and export credit agencies’ (ECAs) investments in fossil fuels. Given the slow...