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CIAO DATE: 07/05
Volume 9, Number 1 (January-March 2005)
The World Economic System and the Alternatives
American Empire: Slave of Saviour?
“Economic Hitmen” (EHMs) are mercenaries employed by the US-led corporate empire to make developing countries submit to its economic and political control. John Perkins explains that they form a little known but essential part of the ruthless operational system used to perpetuate Western domination.
Foundations of the Anglo-American Financial Empire
Is the real quantity of gold and diamonds in the world kept secret in order to control their market value? Some records indicate that a very large clandestine treasure was created after World War II by the ruling establishment of the victorious powers in order to support their hegemonic ambitions according to David Guyatt.
The Role of Foreign Direct Investment and Multinationals in Developing Countries
Multinational Corporations (MNCs) and their FDI (Foreign Direct Investments) in the context of the globalised economy in effect widen inequality. Ismail Shariff suggests that only cooperation between developing nations can protect them from the undesirable effects of MNCs’ activities.
Jobless Growth and Unemployment: A Global Phenomenon
Unemployment is rising worldwide, generally unmitigated and, increasingly made worse by “jobless growth”. M Victor Louis Anthuvan analyses this alarming contemporary phenomenon accepted by liberal economists, after M Friedman, as an inevitable corollary of technological progress but which spells the doom of the deregulated capitalist system as it operates today.
War, Terrorism and Poverty: A Questionable Linkage
There is a probable but undefined correlation between poverty and warfare. This relationship however, belies conventional wisdom. The type of governance and the degree of social emancipation seem to be more determinant factors concludes Morris Miller.
A Global System Management Theory for Sound Development
The nearly universal awareness of the current environmental crisis has given rise to a Global System Management Theory, intended to build a cosmic “ecosociety”.Takashi Fujii points out the principles and implications of this scientific and spiritual revolution.
Development as if the World Mattered
L Hunter Lovins uses the principles and methods developed within the concept of “natural capitalism” to show the way to efficient reconstruction and empowerment programmes in Afghanistan and other needy countries. Local tradition and knowhow can be paired with international support to effect positive socio-economic change, instead of the wasteful, corruption-ridden mechanisms currently sponsored by governments and multinational corporations.
Framework for Operationalising the Buddhist Concept of Gross National Happiness (GNH)
The goal of any sensible economic development strategy should be to create optimal conditions for the individual and collective achievement of happiness. Buddhadasa Hewavitharana defines the methodology to achieve that end prescribed by Buddhist doctrine which is systematic and can inspire the socio-economic and educational policies of modern societies.
Review Essay: World’s Refugees: What Humanity Owes to Them
Throughout the world people in increasing numbers flee their homeland to escape political repression, religious persecution or economic pressures. Giridhari Lal Pandit recalls that an international legal framework has been built to address their plight and protect their cultural and political identity. The distinction between refugees and migrants is often less well defined than it appears at first sight.
Reviews
Nirmala Joshi
G B Reddy
René Wadlow
Documents
Local Currencies in the Twenty-First Century
Economists as Advocates
Advertisers Directory
Contributors