Revista Mensual y Gratuita
Nº101, enero 2012
Geopolitics
How a financial homeland works
Even more dangerous than tax havens are the great financial homelands.
An end-of-the world crisis, but what world?
The world that is coming to an end is both unsustainable and unfair. The world that prepares itself to take its place is an uncertain world. Europe is today the ground for that transition between a dysfunctional globalization and something else whose countenance we cannot yet discern.
The Brussels Summit: from panic to uncertainty
It has been several months since Europe has been moving on the edge of the abyss, and in its displacement it spreads fear of contagion and of a new global recession. As a result of a late, slow and ineffective management of the financial global crisis that began five years ago, Europe now finds itself immerse in a profound sovereign debt crisis that first showed its teeth in Greece, that quickly spread to Ireland, Portugal and Spain, and that nowadays acquires unsustainable dimensions after having set off the alarms in Italy, the third European economy.
The Great Green Technological Revolution
The global community is confronted with the problem that achieving the agreed goal of eradicating poverty will require much more economic progress. But the economic progress of the past is the cause for most of the greenhouse gas (GHG) emissions responsible for climate change. To conquer poverty without endangering the planet will require the adoption of radically different technologies for the global economy.
The New Vulture Culture: Sovereign debt restructuring and trade and investment treaties
Government borrowing has been a feature of the world economy since the founding of nation states, and a cornerstone of the development process as well. However, developing country debt crises are also increasing phenomena. Inevitably, with each financial crisis one or more nations find themselves restructuring or defaulting on its sovereign debt commitments. While an important part of the crisis mitigation toolbox in developing countries, sovereign debt restructuring could be deemed illegal under various trade and investment treaties, especially those negotiated with the United States.
The Squandered Wealth of Nations: The Age of Greed
When you write a book called Age of Greed, as I have, the derision about the title begins immediately. How is this age any different than others? Greed is a deep human trait; it does not disappear and suddenly reappear. Even one of my wisest former book editors questioned the idea that greed is different now than it ever was.
Global Economic Crisis: The End of the Recovery Policies Tried?
The International Monetary Fund, at its latest meeting, attempted to enforce the notion that the global economic crisis had come to an end. This claim began to crumble
The Tyranny of the Markets: When Chickens Come Home to Roost
The expression ‘The Markets’ refers to the enormous mass of finance capital that today dominates the global economy, and is composed of a myriad investors acting singly or combined into gigantic managed funds with powerful figures at their helms. ‘The Markets’ are mobile, swift, and ruthless. They stand in judgment of public policies; they outpace and outnumber the resources of multilateral agencies; they dodge and eschew regulation; they vote with their feet and with their bucks, often making a mockery of both technocracy and democracy; they make or break entire states. In short, they rule the world, but alas they cannot rule themselves. In the past they have wreaked havoc in emerging countries. Today they are focused on the advanced ones. The globe resembles a speeding bus with a mad driver at the wheel.
Tax Havens or Financial Sinkholes?
Tax havens have gotten a lot of press lately. In Britain, the UK Uncut movement has mounted demonstrations across the country against tax dodging by large corporations and wealthy individuals – making the connection between profits parked abroad and deficits and budget cuts at home.
Disasters and Financial Markets: More fallout from Japan’s crises
In the midst of a catastrophe of unimaginable magnitude, with enormous humanitarian tragedies, the government has to concern itself with appeasing financial markets that will otherwise punish a society that is struggling valiantly to survive.
What's new
Ways to Donate
12/08/2010
Adjusting the course: Getting out of the crisis towards sustainable development
Opinion Sur Collection
18/04/2010
New E-books
Introducing three new additions to our collection
23/09/2009
Getting out of the Crisis towards a sustainable development
STORM: The ways of the crisis and the ways out of it
International Crisis: Adjusting the Course and Improving the Systemic Functioning
