Globalization of Production
Mounting social struggles cast shadow over Davos economic summit
By Nick Beams, January 28, 2012
A new factor has entered the scene—the re-emergence of the international working class as exemplified in the Egyptian revolution and the ongoing social struggles around the world.
World economy set for another major downturn
By Nick Beams, January 19, 2012
The World Bank yesterday issued a grim forecast for the world economy, warning of the potential for a crisis worse than 2008-09.
G20 meeting: Upbeat assessments mask deep rifts
By Nick Beams, October 18, 2011
Two and a half years on since the April 2009 G20 summit, the very development of the economic crisis has intensified the inherent conflicts among the dominant capitalist powers.
Rival powers scramble for seabed mineral rights in South Pacific
By Patrick O’Connor, June 29, 2011
Lucrative mineral reserves are up for grabs, adding further fuel to tensions in a region where China has recently extended its influence.
Behind the battle over new IMF chief
By Nick Beams, May 21, 2011
In the midst of the Strauss-Kahn crisis, a World Bank report pointed to vast shifts underway in the structure of the world economy, which indicate that the conflict over the IMF leadership is just one of many to come.
Financial chaos sounds a warning
By Nick Beams, May 14, 2011
None of the underlying contradictions that set off the global financial crisis in September 2008 has been resolved.
No prospect of global “economic recovery”
By Nick Beams, May 7, 2011
The ongoing turmoil in global financial markets and the world economy is being accompanied by warnings that there is no prospect of pre-crisis conditions returning.
Share markets slide in response to Japan disaster
By Nick Beams, March 16, 2011
Japanese equity markets have experienced their worst fall since the global share market crash of October 1987 in the wake of the earthquake, tsunami and nuclear disaster that struck last Friday.
Japanese disaster’s economic fallout spreads globally
By Mike Head, March 15, 2011
The tremendous shock to the Japanese economy has profound international implications.
G20 summit fails to resolve global trade, currency conflicts
By Barry Grey, November 13, 2010
The G20 summit of leading economies held in Seoul, South Korea concluded Friday without any agreement on policies to bridge differences over global currency and trade issues.
The rising danger of US-China trade war
By Peter Symonds, October 2, 2010
The vote in the US House of Representatives for a bill opening the door for punitive tariffs against China marks a dangerous step toward trade war.
Currency wars and the contradictions of capitalism
By Nick Beams, September 22, 2010
No doubt the currency crisis will take many twists and turns, but the overall logic of the process is clear. The world economy will increasingly fracture into rival regional and currency blocs, once again raising the spectre of military conflict.
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