The World Trade Organization, (WTO), is one of the built-in mechanism for promoting and enforcing global free trade. It helps to draw the rules of international trade. However, it has been mired in controversy and seen to be hijacked by rich country interests, thus worsening the lot of the poor, and accordingly inviting protest and […]
WTO and Neoliberalism
August 19th, 2008 · Comments Off on WTO and Neoliberalism
Tags: political economy
Neoliberalism and Corruption
August 19th, 2008 · 1 Comment
Sunday, August 17, 2008 Neoliberalism and Corruption Friends and colleagues, from their origins in the 1940s, the IMF and World Bank have functioned as built-in systemic mechanism of neoliberalism; both are — in the words of Woods, 1989 — opposing not only socialism but national capitalism as well, in favor of the progressive extension of […]