IMF: Weaker Unions = Higher CEO Pay

IMF: Weaker Unions = Higher CEO Pay

As labor unions have declined in most countries around the world, CEO paychecks have ballooned. And that’s not just a coincidence, according to new research from the International Monetary Fund. In the latest issue of the IMF’s Finance & Development journal,...

Portugal Struggles to Meet Troika Conditions

As the dust settles on the Cyprus bailout, a recent court ruling places the so-called Troika—the European Central Bank (ECB), European Commission (EC), and International Monetary Fund (IMF)—back into the headlines as it finds itself at odds with another...
What are the IMF and the World Bank? Why Should I Care?

What are the IMF and the World Bank? Why Should I Care?

The World Bank and the International Monetary Fund (IMF) are two of the most powerful institutions in the world, yet few people know what they do. The World Bank and the IMF act like giant banks whose customers are countries. The World Bank loans countries money for...
Four More Years: Europe’s Meltdown

Four More Years: Europe’s Meltdown

This is the last of five articles analyzing the key issues the Obama administration faces over the next four years. Back in the 1960s, the U.S. peace movement came up with a catchy phrase: “What if the schools got all the money they needed and the Navy had to...
Top Democrats Push Obama on Capital Controls

Top Democrats Push Obama on Capital Controls

At a point in the election season when politicians of the same party tend to sweep their differences under the rug, two senior Democrats have sent a strong letter to the Obama administration on a subject unknown to most American voters. This is the issue of capital...

Happy New Year, Nigeria: Now Say Good-Bye to Your Safety Net

Massive protests have broken out in Nigeria following the government’s announcement that long-standing oil subsidies will be terminated. Reuters has reported that tens of thousands have taken to the streets, and that confrontations with police have left at least...

How Obama is to the Right of Reagan on Trade

This blog post was originally published in Triple Crisis. While doing some archaeological digging into old treaties, I discovered that the Reagan revolutionaries were relative softies on at least one issue — government meddling in capital markets. The vast...

Lagarde’s Victory: One Step Forward, Two Steps Back?

Christine Lagarde became the first female to head the IMF on July 5 2011. Since the IMF was established, it has been dominated by Europeans and men. Only six of 30 senior executives and 21.5 percent of all managers have been women, and the BRIC countries (Brazil,...

Don’t Just Indict “DSK,” Charge the IMF Too

At IPS, Lacy MacAuley writes: The hotel worker IMF chief Dominique Strauss-Kahn allegedly sexually assaulted likely suffered in her home country as a result of IMF policies, like so many of the world’s poor. Last month, I helped lead a march of hundreds of...
Civil Society Responses  to the Global Financial and Economic Crisis

Civil Society Responses to the Global Financial and Economic Crisis

During the first two years of the economic crisis, civil society groups have used various strategies to push for new policies aimed at preventing future crises and ensuring a more equitable and sustainable economic recovery. This paper provides describes specific...
Debate on Globalization: Threat or Opportunity?

Debate on Globalization: Threat or Opportunity?

The IMF’s stated mission is to “foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.” However, there are those...
Starving Africa’s Future?

Starving Africa’s Future?

In what may be President Obama’s most significant foray into changing U.S.-Africa policy since his election in 2008, the United States is embarking on a new initiative to boost agricultural production in the global south. Feed the Future (FTF) came out of the G8...