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The global financial crisis is emptying the pockets of people in rich, poor, and middle-income nations alike. In its wake, FPIF offers new solutions to the crisis and innovative alternatives to the now officially defunct “Washington Consensus.”
Overhauling Global Finance
Alex Wilks | May 28, 2009
The UN's Stiglitz Commission is calling for short-term economic stimulus measures to help introduce, and above all not obstruct, required long-term changes.
World Bank Corruption
Bea Edwards | May 21, 2009
The Bank's management tried to stifle an internal report that found that its funds are vulnerable to theft and diversion.
Fixing the IMF
Daniel Bradlow | March 30, 2009
World powers can't rely more on the International Monetary Fund to buffer the impact of the economic crisis on poor nations unless they fix many of the Fund's flaws first.
The Second Shockwave
Michael Klare | March 18, 2009
The global economic crisis is just now hitting the developing world — with devastating effects.
It's a Global Economic Crisis
Col. Sam Gardiner, USAF (ret.) | February 25, 2009
The lack of focus about the vast global responsibilities we have as a nation, especially from a President who campaigned on a new type of global engagement, was shocking.
Chomsky: Understanding the Crisis — Markets, the State, and Hypocrisy
Sameer Dossani | February 10, 2009
It's time for the United States to finally deal with its dysfunctional health care and to find inspiration in South America.
Obama: Sweep Away a Free Trade Relic
Sarah Anderson | February 9, 2009
Among the most embarrassing, yet often overlooked economic policies of the Bush and Clinton years was the penchant for making other countries restrict capital controls, even though such controls had proved effective against financial volatility.
The Coming Capitalist Consensus
Walden Bello | December 24, 2009
Economic and political elites are converging on Global Social Democracy as a solution to the current economic crisis. Columnist Walden Bello offers a timely critique of this new consensus.
Green Paper Gold
Jeremy Brecher, Tim Costello, and Brendan Smith | December 19, 2008
Here's an innovative way to tackle the economic crisis and global warming in one sweeping proposal.
Financial Crisis Hits Overseas Workers
Carmela Cruz | December 16, 2008
As the financial crisis looms, the Philippines look to overseas Filipinos to keep the country together.
Ecuador's Debt Default: Exposing a Gap in the Global Financial Architecture
Neil Watkins and Sarah Anderson | December 15, 2008
The South American country's refusal to make "immoral and illegitimate" payments exposes an international financial architecture glitch.
Economic Woes? Look to Kerala
Shirin Shirin | December 10, 2008
The Indian state's alternative development model offers valuable lessons as the global economic crisis unfolds.
Charting a Progressive International Financial Agenda
Daniel Bradlow | December 8, 2008
We've got the best opportunity in 60 years to create a more pro-people global financial order.
Annotate This: Assessing the G-20 Declaration
Robert Weissman | December 1, 2008
This contradictory document, which identifies financial institution failures and calls for new regulatory measures while at the same time, salutes the free market and some of the institutions behind the financial and economic crisis.
The Impending Development Aid Crisis
Eveline Herfkens | November 26, 2008
If rich countries respond to their own financial woes by slashing aid to the world's poorest countries, the Millennium Development Goals will end up on the boulevard of broken dreams.
International Financial Reform and Africa: What is to Be Done?
Daniel Bradlow | November 20, 2008
African nations will need help coping with fallout from the international financial crisis — which they played no part in creating.
Annotate This: The Chinese Economy
Samuel Bleicher | November 18, 2008
A New York Times editorial advises China to adopt an American-style mass consumer economy, which would be a recipe for economic, environmental, and probably political, disaster.
Swear off Market Fundamentalism
Robin Broad and John Cavanagh | November 14, 2008
As long as U.S. officials continue to refuse to face the reality of a post-market fundamentalist world, they will further contribute to the crisis.
Bailout for the World's Poorest People
Salil Shetty | November 13, 2008
With the world's most impoverished people bearing the brunt of a crisis they had no role in creating, donor countries should come up with a $300 billion package to cushion the economic shock.
The IMF is Dead; Long Live the IMF
Sameer Dossani | November 12, 2008
Without bothering to learn from the mistakes that until recently had it desperately seeking a new mission, the IMF again is turning into the world's financial firefighter.
Latin America's New Consensus
Conn Hallinan | October 29, 2008
The region's newfound independence may blunt the impact of global economic turmoil.
We Only Need One Bretton Woods II
Aldo Caliari | October 28, 2008
The November 15 economic summit isn't the best way to address many of the underlying issues that contributed to the global economic crisis in developing countries.
When the U.S. Gets a Cold, Mexico Gets Pneumonia
Manuel Perez-Rocha and Sarah Anderson | October 23, 2008
The U.S. economic crisis is making its southern neighbor sick.
The Crisis and the Environment
Michael Klare | October 17, 2008
Less travel, but also less investment in alternative energy: Columnist Michael Klare asks whether the crisis is a net plus or minus for the environment.
A Roundtable on the Financial Crisis and Military Spending: Experts Phyllis Bennis, Suzanne Smith, William D. Hartung, Travis Sharp, and Neta Crawford weigh in on how our rampant defense spending is having an effect on the economy.
Ideological Failure
Sameer Dossani | October 15, 2008
The global economic crisis should usher in the demise of neoconservatism and neoliberalism.
Wall Street Meltdown Primer
Walden Bello | September 26, 2008
Extraordinary events demand extraordinary explanations.
When the Betting Goes Bad
Mark Engler | September 24, 2008
A review of "Bad Money: Reckless Finance, Failed Politics, and the Crisis of American Capitalism," by Kevin Phillips (Viking, 2008).
Development Redefined
John Cavanagh and Robin Broad | September 24, 2008
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