The economic effect of globalization

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Globalisation of the Economy: A disaster for India and other developing countries
By Acharya Krtashivananda Avadhuta, 21 May 1997. Supporters of capitalism make vociferous campaigns in favour of globalisation of the economy. Multinational corporations (MNCs), with the collaboration of Bretton Woods institutions (World Bank, International Monetary Fund) and the World Trade Organisation (WTO) have imposed their strategic plan through the General Agreement on Tariffs and Trade (GATT). The strategy is to allow MNCs free access to all countries, removing all trade restrictions. The similarities amongst the “standard menus” of all these institutions is obvious.
The Threat of the Globalization of Agriculture
By Vandana Shiva, [26 August 1997]. The impact of global agriculture in terms of food security and farmers' rights. She offers an alternative model of liberalisation.
Globalisation killing environment, says prominent Indian green
From Frederick Noronha, 30 May 1997. The impact of globalisation on countries like India, and the manner in which the common man who's dependent on nature for a living is getting squeezed everywhere. Concerning Dr. Vandana Shiva.
How did we get into this mess?
By Rod Hiebert, President Telecommunications Workers Union, 28 November 1997. In the drive to improve their competitive positions, each corporation has been acting as if it operates in isolation, reducing costs and increasing productivity, assuming they will be able to sell whatever they produce. The result is a deflationary situation that business writers are worrying about.
U.S. and I.M.F. putting more squeeze on the South?
By Martin Khor, Third World Network Features, 14 April 1998. Recently the US administration announced it had established a monitoring system to ensure that the affected Asian countries would implement trade reforms that are included in their IMF rescue deals. Meanwhile, the IMF secretariat is pushing for an amendment to its Articles to allow it to have the mandate to discipline developing countries to open up foreign exchange transactions even iF these are not related to trade.
Globalisation needs a deeper understanding
Sophie Prize acceptance speech by Thomas Kocherry, 15 June 1999. Today we are in the context of ‘globalisation’ and ‘liberalisation’. The words look very attractive, but the vast majority of the people are the victims of globalisation. Those who have more are bound to get more. This means more accumulation and centralisation. The North's 20% people are better placed to take away even the 10-20% of the wealth in the hands of 80% people in the South.
French Minister hits U.S. agribusiness at green meet
By Frederic Niel, Reuters News Service, 26 August 1999. French Farm Minister Jean Glavany attacked U.S. corporations yesterday, accusing them of trying to monopolise the world's food supply and jeopardising French agricultural independence. The market liberals from across the Atlantic and their multinationals like Monsanto or DuPont, have set themselves the challenge of feeding the world on their own.
Is globalization dead
Opinion by Walter Russell Mead, Los Angeles Times, Sunday 24 October 1999. The Third World hopes that manufacturing will make it as prosperous as the First World. But a century ago, agriculture was envisioned as the engine of a new prosperity. Look what happened.
Poverty and globalisation
By Vandana Shiva, BBC Reith Lecture, [May 2000]. Punjab used to be the most prosperous agricultural region in India. Today every farmer is in debt and despair. Vast stretches of land have become water-logged desert. Their native seeds have been displaced with new hybrids which cannot be saved and need to be purchased every year at high cost. Hybrids are also very vulnerable to pest attacks.
Global Capitalism: Multilateral System in Crisis
By Walden Bello, BusinessWorld, 5 June 2001. The realities of growing global poverty and inequality were neutralized by the high growth rates and the prosperity of a few enclaves of the world economy, like East Asia in the 1980s, which were (mistakenly) painted as paragons of market-led development.
End of the Global Gilded Age
By Jeremy Brecher and Tim Costello, ZNet Commentary, 28 November 2001. While advocates of globalization gloat that September 11 has silenced the critics of globalization, the emerging global recession will soon put the deep flaws of the global economy back at the center of the global agenda.