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This sign-on statement calls "For a Democratic and Just Response to the Global Financial and Economic Crisis"
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The People's Statement on the Global Crisis is initiated by RESIST! and the Asia Pacific Research Network (APRN). RESIST! is an international campaign against neoliberal globalization and war.
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Jobs and Justice Manifesto
Over the last three decades the advanced capitalist countries have tried to overcome the recurrent crisis of overproduction and to keep their economies and profits growing through the neoliberal offensive of exploiting cheap labor, seizing raw materials and dominating markets across the globe. Since the 1990s, they have resorted more and more to financial devices: speculative profits and debt-driven consumption and production.
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Statements Global Financial Crisis: Hardest on the Least Developed
| Global Financial Crisis: Hardest on the Least Developed |
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| Written by Mehdi Shafaeddin |
| Tuesday, 11 May 2010 17:52 |
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The recent global economic crisis has been unprecedented since the great depression of 1929-32. The low-income countries have been affected by the crisis severely, particularly because of their low capacity to take external shocks. The commodity boom of 2003-08 allowed increases in national savings, investment and the acceleration of GDP and market value added (MVA) of low-income countries. Nevertheless, it was followed by a “bust” with detrimental impact on their long-term industrialization and development. Food and fuel importing countries, in particular, suffered from both the “boom” and the “bust”; the emergence of the financial crisis took place at the time they were facing high international prices of food and petroleum. In other words, they faced three ‘F’(food, fuel, financial) crises.
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Resist newsletter -August 2011
3rd IAMR Press Release
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