Keyword: globalisation

The Global Power Elite

The international superclass are people with a hugely disproportionate share of global power - who are these people and how much power do they wield? Their rise to power owes much to the effects of globalisation and the gradual reduction of trade and information barriers throughout the world. Al Jazeera asks: Does the global superclass make our governments and legal systems obsolete?

Who Pays for the Global Credit Crunch?

Picture: Andrew Rens - Time to Take Another Look at Jospeh Stiglitz’s ‘Globalisation and its Discontents’ How does the International Monetary Fund (IMF) respond to liquidity crises? How does this affect people in developing countries? Joseph Stiglitz wrote Globalisation and its Discontents in 2002 to address these questions, questions that are more urgent than ever today, in the current global liquidity crises. Appropriate responses to these crises is a central theme of the book, which makes it...

Hidden Face of Globalization

The National Labour Committee puts a human face behind the global economy which the big companies try to hide. Bangaldeshi garment workers work 20 hours in a 24 hour cycle, then take an hour's break and push on for another 16 to 18 hours, producing clothes for the American market. There are 1.8 million garment workers in Bangladesh, mostly young women. Eighty percent of them are between the ages of 16-25.

Our Changing World

Noam Chomsky reflects on the changing global power dynamic in 2008, arguing that there are three power systems in the world today - North America, Europe and North East Asia, with Asia showing the most economic dynamism of all. Concurrently, some of the most exciting democratic experiments are taking place in Bolivia. Japan and China and some oil producing countries have been sustaining the United State's economy for a long time, but its not clear how much longer they will continue to do...

Defending Globalisation

The Pinky Show provides us with an illuminating illustration about the hidden relationships of power in globalisation. "First world people congratulate themselves on inventing a system they see as fair and efficient. Economics and business departments teach the theory of global capital to the virtual exclusion of any alternatives. Third world people have to live with the consequences of practices and policies imposed from the first world."

Banked into Submission (The Globalizationist's Guide to Developing Poverty)

Pinky Show - The socially conscious cats from the Pinky Show have developed a simple but accurate account of the World Bank and IMF's (International Monetary Fund's) role in globalising our world and particularly its economy. The cartoon is highly recommended for its clarity in demystifying the role of the developing world's super bankers, who far from alleviating poverty, actually aggravate it.