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Global Economics

Global Economics. GLOBALIZATION. GLOBALIZATION Globalization is the present worldwide drive toward a globalized economic system dominated by supranational corporate trade and banking institutions that are not accountable to democratic processes or national governments.

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Global Economics

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  1. Global Economics

  2. GLOBALIZATION GLOBALIZATION • Globalization is the present worldwide drive toward a globalized economic system dominated by supranational corporate trade and banking institutions that are not accountable to democratic processes or national governments

  3. The World Trade Organization • among the most powerful international bodies on earth. • rapidly assuming the role of global government, as 151 nation-states, including the U.S. have ceded to its vast authority and powers. • The central operating principal of the WTO is that commercial interests should supersede all others. • Obstacles to trade are usually policies or democratic processes that act on behalf of working people, labor rights, environmental protection, human rights, consumer rights, social justice, local culture, and national sovereignty.

  4. http://www.wto.org/ WTO Protest • http://www.youtube.com/watch?v=ZDVazvPHyps

  5. INTERNATIONAL FORUM ON GLOBALIZATION • North-South research and educational institution composed of leading activists, economists, scholars, and researchers • provides analyses on the cultural, social, political, and environmental impacts of economic globalization. • Formed in 1994, the IFG came together out of shared concern that the world's corporate and political leadership was rapidly restructuring global politics and economics.

  6. Yet there was almost no discussion or even recognition of this new "free market," or "neoliberal" model, or of the institutions and agreements enforcing this system—the World Trade Organization (WTO), the International Monetary Fund (IMF), the World Bank, the North American Free Trade Agreement (NAFTA) and other such topics. • In response, the IFG began to stimulate new thinking, joint activity and public education about this rapidly rising economic paradigm.

  7. http://www.ifg.org/about.htm • http://www.ifg.org/programs/Energy/triple_crisis_av/panel1/1jerry-v.htm

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