The Bush administration claims that the Central American Free Trade Agreement would bring tougher labor standards to Central American workers. But the agreement, which would encompass the United States, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and the Dominican Republic, would have just the opposite effect. Such [...]
Archive for the ‘Debt and Trade’ Category
Bush hides uncomfortable CAFTA realities
Posted in Debt and Trade, Igor Volsky Posts on June 30, 2005 | Leave a Comment »
Debt relief adopted
Posted in Debt and Trade, Igor Volsky Posts on June 12, 2005 | 1 Comment »
Kevin Danaher, founder of Global Exchange explains the politics of debt relief (mp3, 50 sec)
Finance ministers of the world’s wealthiest nations agreed to wipe out “$40 billion in debt owed by 18 of the world’s poorest countries as part of a major assault on global poverty.” G8 nations (Britain, the United States, Canada, France, Italy, [...]
Privatizing Iraq
Posted in Debt and Trade, Igor Volsky Posts, Iraq on May 18, 2005 | 1 Comment »
Those familiar with the IMF/World Bank and “Confessions of an Economic Hit Man” will find the following story troubling, but not at all surprising.
“Iraq’s Industry Ministry plans to partially privatize most of its 46 state-owned companies as part of the government’s plan to establish a liberal, free-market economy. Under the former regime of Saddam Hussein, [...]
