Home » World News

Globalization of Production

A new downturn in the global economy

By Nick Beams, October 27, 2012

There are increasing signs that the global economy is about to enter a new period of financial turbulence, coupled with deepening recession in a growing number of countries.

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.