Tag Archives : global trade

In the spirit of supporting and justifying further colonial efforts in Africa, there have been some arguments as to why colonialism has done Africa a lot of good. In reality, global trade has not benefited African people. They have been used in the grand globalization of trade by way of being source of raw materials and manual labor, but nothing much [...]

Supporters of the World Trade Organization have sung praises on how the organization is the institution of even the smallest countries and the most inconsequential economies. They evoke an impression of a welcoming congregation where everybody has an equal footing, equal voice, equal presence, and equal significance. That’s an impossible scenario, [...]

If one shortcuts the path from the temptations of free trade and the current global recession, one can glean that free trade caused greedy and ambitious producers (plus all and sundry that support their endeavors in any which way) produce more and more, or perhaps even just attempt to produce more and more – all to fuel the overconsumption and greed [...]

The third largest economy in the world will benefit from most of the decisions taken during the London summit of the G-20. The greatest victory belongs to Chinese President Hu Jintao. The logic is simple: it pays to be ‘Made in China.’ G-20 plans to revive international trade, particularly devoting $250 billion to finance new global trade transactions. [...]

British Prime Minister Gordon Brown announced that the agreements resulting from the G-20 summit in London are not about mere words but a global plan of action to end the currently raging world recession. The immediately pledged measures from the world’s richest economies total $1 trillion. Some of the measures include: increasing the resources of [...]