GLOBAL FINANCIAL CRISIS

Globalization and Crisis A Special Issue of the Journal Globalizations, Vol. 6, Issue 1-2, April 2010

Baltic countries show what’s in store for Greece if it follows EC/IMF advice Mark Weisbrot

Rebalancing the Global Economy Xiaojing Zhang

Frank Rich, Barack Obama and the Corporate ‘Punking’ of America Paul Street

The Quiet Coup Simon Johnson

From The Atlantic Monthly, May 2009

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.

The Sudden Demise of Neo-Liberal Economics Robert Savio

Goldman Sachs’s Bumper Profits Remuneration per employee may reach $600,000 for 2009, several hundred times the average income in the world’s poorest countries.

Two giants emerge from Wall Street ruins

Monitoring International Crisis Articles on the multidimensional aspects of the global crisis of capitalist civilization

Resources on the Global Financial Crisis Carnegie Council

Global Crisis Blogs

The Global Crisis Needs a Global Coordinated Response ITUC

The Ending of America’s Financial-Military Empire Michael Hudson

Global Power Revisited: The United States in a Changing World Order Foresight

We Had Our Perestroika. It’s High Time For Yours Mikhail Gorbachev

The crisis is one of a model of civilization - Atilio Boron

A powerful analyis by a leading Latin American thinker, who argues that the dimensions of the crisis go beyond finance and the economy.

Atilio Borón winner of UNESCO’s prestigious International José Martí Prize

LAC Weathering The Global Storm: Green Shoots? IMF

Changing the Rules of the Blame Game Bill Moyers and Michael Winship

The IMF Rules the World Michael Hudson

Outcomes of the G20 meeting–Documents

ILO Tripartite Caribbean Conference Action Plan for addressing social and labour consequences of crisis

How Free Trade Agreements, Bilateral Investment Treaties and the WTO can hamper measures for recovery from the global financrisis Third World Network

IMF Crisis Loans: No Change in Conditionalities, Third World Network

Reflections of Fidel Castro on the XI International Conference on Globalization and Problems of Development held in Havana Cuba, 2-6 March 2009

Declaration of the XI International Conference on Globalization on the Global Financial Crisis

Versión en español Version française

‘The Fed Screwed Up’: Presentation by Robert Mundell, Nobel Laureate, at the XI International Conference on Globalization and Problems of Development held in Havana, Cuba, 2-6 March 2009

The Caribbean, the Developing World and the Global Crisis Don Robotham

Afra Raymond’s Blog on the CL Financial/CLICO Debacle

Clico’s Massive OECS Financial Deficit BBC Caribbean

Lessons of the CLICO debacle Norman Girvan

The Crisis and the Caribbean: A Series of Articles by Clive Thomas Stabroek News, Guyana and the Wider World

Jamaica, the Third World and the Global Crisis Don Robotham

Caribbean Impact and CDB Response P. Desmond Brunton, CDB

Implications for the Caribbean and Policy Response Trevor Alleyne, IMF

CDB Seminar on Global Financial Crisis and the Caribbean Papers & Report

South Centre Calls for Revamping of Global Financial Architecture

Why the Ecuadorean Proposal for Regional Monetary Agreements may be a Better Response to the Crisis than the G20 Declaration South Centre

Time for a new Bretton Woods South Centre

Statement on the G20 Summit on the Crisis Transnational Institute Working Group

Double Standards in the West’s Crisis Policies Martin Khor

The Economics of Hypocrisy Ha-Joon Chang

The U.S.Troubled Assets Relief Programme Clive Thomas

PERSPECTIVES

Crisis Reveals Growing Finance Gaps For Developing Countries World Bank

The Deepening Global Financial Crisis and its Impact on Developing Countries Third World Resurgence

5 Disastrous Decisions That Got Us into This Economic Mess Joseph Stiglitz

Bailouts Dwarf Spending on Poverty and Climate Crises

United Nations Panel: Presentations by Joseph Stiglitz and other experts

The Global Financial Crisis IDEAs Network

Pluralist Economics Review (November 2008) James K Galbraith, Ha-Joon Chang, Jeffey Sachs & others

Radical Perspectives on the Crisis

The Great Financialization Kari Polanyi Levitt

Global finance in crisis Jacques Sapir

Nouriel Roubini’s Global EconoMonitor

George Soros Website

How is a credit crunch different from a financial crisis? Clive Thomas

At the epicentre of the crisis–a bursting bubble Clive Thomas

Wall Sreet, R.I.P. -End of an Era Creswell & White nytimes.com

Capitalism in convulsion John Plender ft.com

End of American Capitalism as we knew it, Willem Buiter ft.com

Modern history’s greatest regulatory failure Roger Altman ft.com

NEOLIBERALISM AND THE CRISIS

Financial Regime Change? Robert Wade

Comment on Wade Norman Girvan

Financial Crisis and Neoliberal Paradigm Sir Courtney Blackman

How should the crisis affect Economcs? Real World Economic Review

Crisis forces rethink of neoliberal model–Robert Wade

Financial Collapse, Systemic Crisis? Samir Amin

Collapse of an ideology Yash Tandon

Death of the Globalization Consensus Dani Rodrik

The Stake Through Neoliberalism’s Heart? Alexander Cockburn

The Pyramid Falls and Exposes Neo-Liberal Free Market Dotishness Lester Henry

How did Iceland go bankrupt?

WTO, GATS, EPAS AND THE CRISIS

FTAs, EPAs, and the dangers of investment liberalization, Myriam Vander Stichele

WTO’s Radical Financial Service Deregulation Requirements Must Be Addressed

Financial Crisis and GATS Negotiations Martin Khor

Lessons for the EPA Negotiations Joy Kategekwa (.3, South Centre Bull. # 25)

IMPACT ON THE GLOBAL SOUTH AND THE CARIBBEAN

Global Fallout–Another Third World Debt Crisis? Eric Toussaint

The Risks to the South–UNCTAD

Lessons for the South South Centre

Crisis marks out a new geopolitical order Phillip Stephens

The Caribbean is heading for a severe economic contraction David Jessop

From Sub-Prime to Sublime Disaster: Implications for the Caribbean Maurice Odle

World Financial Crisis will hurt the Caribbean Sir Ronald Sanders

The Crisis Facing the American Empire: Four-Part Video Series Chalmers Johnson

CLICO AFFAIR

The CL Financial/CLICO debacle: big companies should not run small countries Norman Girvan

Why was the CL Financial debacle allowed to happen? The answer seems to take us to the heart of governance In small countries, where a single large firm can wield enormous political and economic influence, to the detriment of the public good.

Caricom Heads agree to collabarate on CL Financial problem Paras. 1-4 of Statement on Global Crisis appended to Communique

Owen Arthur Flays Heads over CLICO Meltdown Stabroek News

Establish a Caribbean-wide Financial Services Regulator Sir Ronald Sanders

G20 Summit

G20 Summit did nothing for the Caribbean Sir Ronald Sanders

‘Caribbean leaders should tell the G20 countries attending the Summit of the Americas that the G20 Summit gave them no cause for hope and no message of relief for their peoples. They should refuse to be at the margins of history.’

The Reality Behind the Hype of the G20 Summit Martin Khor

Rather than $1.1 trillion, the new commitments are estimated to be below $100 billion and most of those were already in train without the G20 summit.

A Development-blind G20 Outcome That Empowers An Unreformed IMF Bhumika Muchhala

‘With no consensus on a coordinated fiscal stimulus plan or regulation of cross-border financial flows, the only agreement on immediate action was to boost the resources of the international financial institutions whose decision-making has been controlled by the US and European countries since their creation’.