Walden Bello

Walden Bello is the co-founder and current senior analyst of the Bangkok-based Focus on the Global South and the International Adjunct Professor of Sociology at the State University of New York at Binghamton.  He received the Right Livelihood Award, also known as the Alternative Nobel Prize, in 2003, and was named Outstanding Public Scholar of the International Studies Association in 2008.

Articles by this author

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Friday, September 26, 2008
Wall Street Meltdown Primer
Many on Wall Street and the rest of us are still digesting the momentous events of the last 10 days. Between one and three trillion dollars worth of financial assets have evaporated. Wall Street has been effectively nationalized. The Federal Reserve and the Treasury Department are making all the major strategic decisions in the financial sector and, with the rescue of the American International Group (AIG), the U.S. government now runs the world's biggest insurance company.
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Tuesday, August 05, 2008
The World Trade Organization's 'Dracula Round'
Like the good Count of Transylvania, the World Trade Organization's Doha Round of negotiations has died more than once. It first collapsed during the WTO ministerial meeting held in Cancun in September 2003. After apparently coming back from the dead, many observers thought it passed away a second time during the so-called Group of Four meeting in Potsdam in June 2007 - only to come back yet again from the dead.
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Tuesday, July 29, 2008
Derail Doha, Save the Climate
There's something surreal about the ongoing World Trade Organization talks in Geneva, which aim at coming up with a new agreement to bring down tariffs in order to expand world trade and resuscitate global growth. In the face of the looming specter of climate change, these negotiations amount to arguing over the arrangement of deck chairs while the Titanic is sinking. Indeed, one of the most important steps in the struggle to come up with a viable strategy to deal with climate change would be the derailment of the so-called "Doha Round."
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Friday, July 18, 2008
The WTO's Raw Deal on Services
Desperate to clinch a new global trade deal, World Trade Organization chief Pascal Lamy is planning to convene a "mini-ministerial" meeting in the third week of July. The aim of the meeting is to come up with agreements to liberalize trade in agriculture, industry, and services. These sectors have been the focus of the so-called Doha Round of WTO negotiations that have dragged on since 2001.
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Tuesday, July 15, 2008
The Anti-Climate Summit
While drafting the so-called Bali Roadmap during the UN Conference on climate change last December, delegates faced a painful choice. They could specifically mention the necessity of reducing greenhouse gas (GHG) emissions by 25-40% by 2020 and face the possibility of a U.S. walkout from the negotiations.
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Wednesday, June 04, 2008
Biofuels: Destroying African Agriculture
Biofuel production is certainly one of the culprits in the current global food crisis. But while the diversion of corn from food to biofuel feedstock has been a factor in food prices shooting up, the more primordial problem has been the conversion of economies that are largely food-self-sufficient into chronic food importers. Here the World Bank, International Monetary Fund (IMF), and the World Trade Organization (WTO) figure as much more important villains.
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Friday, May 16, 2008
Manufacturing a Food Crisis
When tens of thousands of people staged demonstrations in Mexico last year to protest a 60 percent increase in the price of tortillas, many analysts pointed to biofuel as the culprit. Because of US government subsidies, American farmers were devoting more and more acreage to corn for ethanol than for food, which sparked a steep rise in corn prices. The diversion of corn from tortillas to biofuel was certainly one cause of skyrocketing prices, though speculation on biofuel demand by transnational middlemen may have played a bigger role.
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Thursday, February 21, 2008
Capitalism in an Apocalyptic Mood
Skyrocketing oil prices, a falling dollar, and collapsing financial markets are the key ingredients in an economic brew that could end up in more than just an ordinary recession. The falling dollar and rising oil prices have been rattling the global economy for sometime. But it is the dramatic implosion of financial markets that is driving the financial elite to panic.
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Saturday, May 05, 2007
The World Social Forum at the Crossroads
A new stage in the evolution of the global justice movement was reached with the inauguration of the World Social Forum (WSF) in Porto Alegre, Brazil, in January 2001.The WSF was the brainchild of social movements loosely associated with the Workers' Party (PT) in Brazil. Strong support for the idea was given at an early stage by the ATTAC movement in France, key figures of which were connected with the newspaper Le Monde Diplomatique.
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