In The News

African Nations Press for an End to Cotton Subsidies in the West

Elizabeth Becker September 12, 2003
Agricultural subsidies continue to be the keyword for the current round of WTO talks in Cancun. Cotton has become the symbol of the debate, with four African nations who depend on the crop for 10% of their gross domestic products claim the combined 4 billion dollars worth of subsidies provided by the EU and the US to their cotton farmers keep prices below cost. Unsubsidized farmers can not...

Agriculture on the Table at Trade Talks in Mexico

Kevin Sullivan September 10, 2003
Protesters gathered yesterday around the heavily guarded convention center in Cancun where the latest WTO meeting is taking place. The agricultural subsidies of developed countries is at the top of many representatives' agenda. Negotiators from Mexico to Australia are arguing that the US and the European Union's agricultural subsidies hurt their farmers by 'artificially'...

Western Farmers Fear Third-World Challenge to Subsidies

Elizabeth Becker September 9, 2003
‘French fries’ might have been replaced by ‘freedom fries’, and American tourists may have disappeared from the Eiffel Tower, but France and the US can still find some common ground at the upcoming WTO talks in Cancun. Farmers from both nations count on farm subsidies to supplement their incomes and drive down their costs. $300 billion are given by the world’s richest states to their farmers....

Protests Greet Yet Another WTO Meeting

Pranab Bardhan September 8, 2003
As the World Trade Organization prepares to meet in Cancun, Mexico, backers and detractors of globalization are clashing again, with each side claiming to represent the interests of the world's poor. Those opposed to globalization in its current form point to an increase in inequality and poverty in countries that have opened up to international capital and corporations, while supporters...

Rich Will Pay If WTO Lets Poor Down

James Wolfensohn September 7, 2003
In advance of this week's WTO meeting in Cancun, World Bank President James Wolfensohn writes that the current Doha round of trade talks offers a real opportunity to improve the lot of developing nations. For this to happen, though, he says that both rich and poor countries have to understand what it means to give and take. "Rich countries must show leadership by reducing protection...

As China Gallops, Mexico Sees Factory Jobs Slip Away

Juan Forero September 3, 2003
The search for profit drives companies to look for the lowest production costs possible, and that search is taking more and more American companies from factories in Mexico to factories in China. America's southern neighbor received a boom in employment after the implementation of the North American Free Trade Agreement in the 1990s, but China's rise as a supplier of cheap labor is now...

The World-System: The Era of Lula

Immanuel Wallerstein September 1, 2003
In 2002, Brazil elected its first ever candidate from a leftist party, Luiz Inácio da Silva. Nicknamed Lula, the leader of the "Party of the Workers" was installed amid a perilous economic climate. With high interest rates and potentially explosive debt, investors expressed their concern by trading Brazilian currency for US dollars and withdrawing financial resources. However, Lula...