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some waygug-in
Joined: 25 Jan 2003
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 Posted: Fri Aug 29, 2008 6:42 am Post subject: Global Economics, rulemakers, rules and their effects. |
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I guess this really isn't a current event, but it is an ongoing event.
http://www.globalexchange.org/campaigns/rulemakers/
A look at the effects of the IMF and the WTO on third world economies.
Have a look around the site. There are some interesting things.
Do you think this site raises some important points?
Does this site offer some solutions?
Whaddya think? |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Fri Aug 29, 2008 7:20 am Post subject: |
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Do you think this site raises some important points?
Does this site offer some solutions?
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Such as? |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Fri Aug 29, 2008 5:17 pm Post subject: |
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| I am not fond of the IMF or World Bank. But the WTO is an entirely different, and largely beneficial, beast. |
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some waygug-in
Joined: 25 Jan 2003
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| Posted: Sat Aug 30, 2008 1:46 am Post subject: |
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| Ya-ta Boy wrote: |
| Quote: |
Do you think this site raises some important points?
Does this site offer some solutions?
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Such as? |
http://www.globalexchange.org/campaigns/fairtrade/
Understanding Fair Trade
Fair Trade Artisans in Guatemala
Fair Trade involves the following principles:
* Producers receive a fair price - a living wage. For commodities, farmers receive a stable, minimum price.
* Forced labor and exploitative child labor are not allowed
* Buyers and producers trade under direct long-term relationships
* Producers have access to financial and technical assistance
* Sustainable production techniques are encouraged
* Working conditions are healthy and safe
* Equal employment opportunities are provided for all
* All aspects of trade and production are open to public accountability
In today's world economy, where profits rule and small-scale producers are left out of the bargaining process, farmers, craft producers, and other workers are often left without resources or hope for their future. Fair Trade helps exploited producers escape from this cycle and gives them a way to maintain their traditional lifestyles with dignity.
The Fair Trade system benefits over 800,000 farmers organized into cooperatives and unions in 48 countries. Fair Trade has helped farmers provide for their families' basic needs and invest in community development; however, these farmers are still selling most of their crop outside of the Fair Trade system because not enough companies are buying at Fair Trade prices. Help increase the demand for Fair Trade among companies, retailers, and consumers! Your support of Fair Trade certified products makes a real difference for small-scale producers!
***********
Towards a greener and more localized economy:
http://www.globalexchange.org/campaigns/greeneconomy.html
Also reality tours: http://www.globalexchange.org/tours/faq.html
Last edited by some waygug-in on Sat Aug 30, 2008 2:07 am; edited 1 time in total |
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some waygug-in
Joined: 25 Jan 2003
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| Posted: Sat Aug 30, 2008 2:03 am Post subject: |
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| mises wrote: |
| I am not fond of the IMF or World Bank. But the WTO is an entirely different, and largely beneficial, beast. |
That may be so, I really don't know much about it, but some of the criticisms here seem to get my attention.
http://www.globalexchange.org/campaigns/wto/index.html
In the ten years of its existence, WTO panels composed of corporate attorneys have ruled that: the US law protecting sea turtles was a barrier to "free trade"; that US clean air standards and laws protecting dolphins are too; that the European Union law banning hormone-treated beef is illegal. According to the WTO, our democratically elected public officials no longer have the rights to protect the environment and public health.
Unlike United Nations treaties, the International Labor Organization conventions, or multilateral environmental agreements, WTO rules can be enforced through sanctions. This gives the WTO more power than any other international body. The WTO's authority even eclipses national governments. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Sat Aug 30, 2008 7:14 am Post subject: |
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| The WTO is an institution that enforces contracts that various nations agree to uphold. It does not write contracts or decide their content. In a perfect world the institution isn't needed as we'd all be happy hippies but in the real world the WTO's 'non-discrimination clause' is exceptionally important in leveling the global trading playing field. |
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Kuros
Joined: 27 Apr 2004
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| Posted: Sat Aug 30, 2008 7:29 am Post subject: |
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Mises is correct.
The WTO is an organization that is the successor to the GATT treaty.
WTO enforces the restrictions against trade barriers and the international agreements signed by countries on every continent (except Antarctica) prior to 1990. People like to paint the WTO as a shadowy organization, but its statutory authority extends entirely from the GATT. |
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