The industrialised
world – consisting mainly of the US, UK, France, Germany, Canada, Australia and Japan – maintain a vice-like-grip over global affairs. If you thought they just intend to control trade in goods, services & global financial capital (top 300 industrial corporations control 25% of the world’s $20 trillion stocks of productive assets), you may be in for a surprise. The developed world intends to extends its poisonous tentacles into the whole gamut of human activity on planet earth, by subsuming all economic, political and cultural institutions.
The creation of the Bretton Wood twins in the early seventies (World Bank controlled by USA & IMF by Europe) to change the structure of international exchange rate mechanism was the first salvo fired to re-colonise the third world and break their monopoly over natural resources. The Bretton Wood twins extended a tranche of loans to the third world nations coupled with strict conditionality to carry out ‘structural reforms’ of their economies. The pliable & corrupt leadership in the third world fell into the Fund Bank trap, only to discover that the prescriptions only pauperised their nations. Nation after nation (Argentina, Mexico, Brazil , East –Asia, Russia) went bankrupt in succession. And now we have the spectre of WTO over our heads. They want the Third World to liberalise agriculture sector, without lowering the massive agricultural subsidies being offered in the West. They are also insisting on liberalising the trade in services, without giving an assurance about free movement of labour. They blame the third world for sweat shops, and themselves twist rules as per their convenience. And when it comes to global warming, they have had their fill of excesses, and now want the third world to adopt green measures. Surely, their hypocrisy knows no limits!!!
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
world – consisting mainly of the US, UK, France, Germany, Canada, Australia and Japan – maintain a vice-like-grip over global affairs. If you thought they just intend to control trade in goods, services & global financial capital (top 300 industrial corporations control 25% of the world’s $20 trillion stocks of productive assets), you may be in for a surprise. The developed world intends to extends its poisonous tentacles into the whole gamut of human activity on planet earth, by subsuming all economic, political and cultural institutions.The creation of the Bretton Wood twins in the early seventies (World Bank controlled by USA & IMF by Europe) to change the structure of international exchange rate mechanism was the first salvo fired to re-colonise the third world and break their monopoly over natural resources. The Bretton Wood twins extended a tranche of loans to the third world nations coupled with strict conditionality to carry out ‘structural reforms’ of their economies. The pliable & corrupt leadership in the third world fell into the Fund Bank trap, only to discover that the prescriptions only pauperised their nations. Nation after nation (Argentina, Mexico, Brazil , East –Asia, Russia) went bankrupt in succession. And now we have the spectre of WTO over our heads. They want the Third World to liberalise agriculture sector, without lowering the massive agricultural subsidies being offered in the West. They are also insisting on liberalising the trade in services, without giving an assurance about free movement of labour. They blame the third world for sweat shops, and themselves twist rules as per their convenience. And when it comes to global warming, they have had their fill of excesses, and now want the third world to adopt green measures. Surely, their hypocrisy knows no limits!!!
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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