The Distribution of Bolivia's Most Important Natural Resources And
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Argentina's Deal with the IMF: Will "Expansionary Austerity" Work?
CEPR CENTER FOR ECONOMIC AND POLICY RESEARCH Argentina's Deal with the IMF: Will "Expansionary Austerity" Work? By Mark Weisbrot and Lara Merling* December 2018 Center for Economic and Policy Research 1611 Connecticut Ave. NW tel: 202–293–5380 Suite 400 fax: 202–588–1356 Washington, DC 20009 www.cepr.net * Mark Weisbrot is Co-Director at the Center for Economic and Policy Research (CEPR). Lara Merling is a Research Associate at CEPR. Contents Executive Summary ........................................................................................................................................... 1 Introduction ........................................................................................................................................................ 4 Debt Sustainability and the IMF Program ................................................................................................... 10 Conclusion ........................................................................................................................................................ 15 References ......................................................................................................................................................... 17 Acknowledgements The authors thank Joe Sammut, Jake Johnston, and Matt Templeton for research assistance, and Dan Beeton and Rebecca Watts for editorial assistance. Executive Summary Since July of this year, the International Monetary Fund (IMF) has disbursed more than $20 billion of a $56.3 billion loan package -
World Premiere
World Premiere FILMOGRAPHY A Message from Oliver Stone has directed: “W.” (‘08), “World Trade Center” (‘06), “Alexander” (‘04), “Any Given Sunday” (‘99), “U–Turn” (‘97), “Nixon” (‘95), “Natural Born Killers” (‘94), Oliver Stone “Heaven and Earth” (‘93), “JFK” (‘91), “The Doors” (‘91), “Born On The Fourth Of July” (‘89), I’ve been fortunate to be able “Talk Radio” (‘88), “Wall Street” (‘87), “Platoon” (‘86), “Salvador” (‘86), “The Hand” (‘81) to make several films about North and “Seizure” (‘73). He’s written or co–written all of the above, with the exception of America’s neglected “backyard” “U–Turn”, “World Trade Center” and “W.”. –– Central and South America. He’s also written or co–written: “Midnight Express” (‘78), “Scarface” (‘83), The low budget, independently “Conan The Barbarian” (‘82), “Year Of The Dragon” (‘85), “Evita” (‘96), and shot SALVADOR, about the U.S. “8 Million Ways To Die” (’86). involvement with the death squads of El Salvador, and starring James He’s directed 3 documentaries –– “Looking for Fidel” (‘04), “Comandante” (‘03), Woods in an Oscar–nominated “Persona Non Grata” (‘03). performance, was released in 1986; this was followed by COMANDANTE He’s produced or co–produced: “The People vs. Larry Flynt” (‘96), in 2003, and LOOKING FOR FIDEL in “The Joy Luck Club” (‘93), “Reversal of Fortune” (‘90), “Savior” (‘98), 2004, both of these documentaries “Freeway” (‘96),“South Central” (‘98), “Zebrahead” (‘92), “Blue Steel” (‘90), exploring Fidel Castro in one–on–one and the ABC mini–series “Wild Palms” (‘93). An Emmy was given to him and his interviews. Each of these films has struggled to be distributed in North America. -
What the “Experts” Got Wrong About the Global Economy
FOR IMMEDIATE RELEASE Contact: Katherine Cooney | (212) 726-6111 or [email protected] "Weisbrot reveals the pernicious effects of the neoliberal assault on the world's population, from wealthy and developed Europe to the global south, and exposes the dominant political-economic doctrines, rooted in a harsh attack on democracy and undermining of social policies that benefit the vast majority." -- Noam Chomsky, Institute Professor and Professor of Linguistics (Emeritus), MIT FAILED What the “Experts” Got Wrong About the Global Economy Mark Weisbrot Oxford University Press | $24.95 | Hardcover | October 01, 2015 | 312 Pages | 9780195170184 "The International Monetary Fund, the European Central Bank, and neoliberal economics may have failed, but Mark Weisbrot has not. His demolition job on the economic policies that have led to misery for millions is comprehensive, long overdue and a resounding success." -- Larry Elliot, Economics Editor, The Guardian Why did the Eurozone end up with an unemployment rate more than twice than that of the United States and six years after the collapse of Lehman Brothers? Was crisis in the Eurozone inevitable? What caused the prolonged economic failure experienced by the majority of the world's low- and middle-income countries at the end of the 20th century? In FAILED: What the “Experts” Got Wrong about the Global Economy, Mark Weisbrot, co-director of the Center for Economic and Policy Research in Washington DC, analyzes and ties together some of the most important economic developments of recent years, with the common thread that they have been widely misunderstood and in some cases almost completely ignored. Weisbrot argues that the European authorities’ political agenda, which included shrinking the welfare state, reducing health care, pension, and other social spending, and reducing the bargaining power of labor, played a very important role in prolonging the Eurozone’s financial crisis and its lapse into additional years of recession and mass unemployment. -
Mark Weisbrot Most Recent Work Is Social Security: the Phony Crisis
I Mark W elsbrot Page 1 of 2 Mark Weisbrot Mark Weisbrot received his Ph.D. in economics from the University of Michigan, with specialization in international economics and political economy. He is author of “Globalization for Whom?” (Vol. 3 1, #3, 1998 Cornell International Law Journal) and co-authored “Writing the ConstitNtion of-3 Single Global Economy : A Concise Guide to the MA1 (Multilateral Agreement on Investment)“, (Washington, D.C. : Preamble Center,1997). He was a consultant to the Government of Haiti during the presidency of Jean-Bertrand Aristide. His most recent work is Social Security: The Phony Crisis, co-authored with Dean Baker (1999, University of Chicago Press). He is currently Research Director at the Preamble Center, and a research associate with the Economic F’glicy_!Is&tgt_e, both in Washington, D.C. His opinion p&es have appeared in the Los Angeles Times, the Boston Globe, the San Francisco Chronicle, the Chicago Tribune, and many other newspapers throughout the country. He has appeared on numerous television networks including CNN, PBS’ Nightly Business Report, Fox News, and a variety of other talk shows. RECENT PUBLICATIONS: “Globalization for Whom?” (Vol. 3 1, #3, 1998 Cornell International Law Journal) “Recent Experiences with International Financial Markets: Lessons for the Free Trade Area of the Americas,” with Neil Watkins, (Washington, D.C.: Preamble Center/CIEL, 1999) Social Security: The Phony Crisis, with Dean Baker (1999, University of Chicago Press) “The Impact of the MAI on Employment,Gro.~~l,ld lnconle r)i_~sibblion” (Washington, D.C. : Preamble Center, 1997) “Writing the Constitution of a Single Global Economy : A Concise Guide to the MAY, with Michelle Sforza and Scott Nova (Washington. -
C-SPAN's Coverage of Think Tanks
Issue Brief • December 2007 Tilting Rightward: C-SPAN’s Coverage of Think Tanks BY JUAN ANTONIO MONTECINO AND MARK WEISBROT * This study’s main finding is that C-SPAN coverage of think tanks overwhelmingly favors conservative think tanks while left-of-center think tanks are under- represented. In 2006, conservative think tanks received 43.76 percent of total think tank coverage. Conservative/ libertarian and centrist think tanks received 6.94 percent and 31.76 percent respectively. Center-left and progressive think tanks, on the other hand, only received 12.73 percent and 4.86 percent respectively. Thus, the combined conservative and conservative/libertarian think tanks got an absolute majority of 50.7 percent representation on C-SPAN. Everything left of center got only 17.59 percent, just one third of the coverage received by the Right. C-SPAN’s coverage of think tanks suggests it has failed to fulfill its mission to provide “a balanced presentation of points of view.” A review of recent polls also suggests that C-SPAN’s coverage of think tanks is not only off-balance in absolute numerical terms but also relative to public opinion in a wide range of political issues. According to its mission statement, the Cable Satellite Public Affairs Network (C- SPAN) was created to provide its audience with “a balanced presentation of points of view” concerning public policy. 1 However, a look at its coverage of the country’s top think tanks in 2006 suggests that it failed to achieve this goal. A survey of C-SPAN coverage of public events, interviews, panels and speeches featuring the country’s top think tanks in 2006 reveals a strong imbalance towards think tanks that represent conservative points of view, an imbalance that— according to recent polling data—is at odds with the opinions of most Americans on a wide range of policy issues. -
THESIS NO MORALES Corrections
University of Warwick institutional repository: http://go.warwick.ac.uk/wrap A Thesis Submitted for the Degree of PhD at the University of Warwick http://go.warwick.ac.uk/wrap/2047 This thesis is made available online and is protected by original copyright. Please scroll down to view the document itself. Please refer to the repository record for this item for information to help you to cite it. Our policy information is available from the repository home page. Andreas Tsolakis Globalisation and the reform of the Bolivian state, 1985-2005 Submitted for the degree of Doctor of Philosophy Department of Politics and International Studies University of Warwick March 2009 2 Table of Contents Illustrations and tables 3 Acknowledgments 5 Abbreviations and acronyms 6 Abstract 10 Chapter 1: Introduction 12 Chapter 2: The state as contradictory organisation of subjection 59 Chapter 3: The National Revolution, state capitalism and crisis 92 Chapter 4: The transnational historic bloc and global restructuring 125 Chapter 5: The internationalisation of the Bolivian state, 1985-2005 172 Chapter 6: Polyarchy in Bolivia, 1985-2005 221 Chapter 7: Conclusion 267 Appendix 1: Selected economic indicators 279 Appendix 2: Bolivian state map 286 Appendix 3: List of interviewees 287 Notes 289 Bibliography 322 3 Illustrations and Tables Tables : 1.1 Bolivian governments, 1985-2005. 3.1 Bolivian governments, 1951-1985. 3.2 Capital flight during Banzerato and democratic transition era. 3.3 Fixed investment, as percentage of GDP 1970-1985. 3.4 Pre-transition election results (% vote; major parties only). 4.1 Relative importance of major state-owned enterprises 1990. -
The Commoner Issue 13 Winter 2008-2009
In the beginning there is the doing, the social flow of human interaction and creativity, and the doing is imprisoned by the deed, and the deed wants to dominate the doing and life, and the doing is turned into work, and people into things. Thus the world is crazy, and revolts are also practices of hope. This journal is about living in a world in which the doing is separated from the deed, in which this separation is extended in an increasing numbers of spheres of life, in which the revolt about this separation is ubiquitous. It is not easy to keep deed and doing separated. Struggles are everywhere, because everywhere is the realm of the commoner, and the commoners have just a simple idea in mind: end the enclosures, end the separation between the deeds and the doers, the means of existence must be free for all! The Commoner Issue 13 Winter 2008-2009 Editor: Kolya Abramsky and Massimo De Angelis Print Design: James Lindenschmidt Cover Design: [email protected] Web Design: [email protected] www.thecommoner.org visit the editor's blog: www.thecommoner.org/blog Table Of Contents Introduction: Energy Crisis (Among Others) Is In The Air 1 Kolya Abramsky and Massimo De Angelis Fossil Fuels, Capitalism, And Class Struggle 15 Tom Keefer Energy And Labor In The World-Economy 23 Kolya Abramsky Open Letter On Climate Change: “Save The Planet From 45 Capitalism” Evo Morales A Discourse On Prophetic Method: Oil Crises And Political 53 Economy, Past And Future George Caffentzis Iraqi Oil Workers Movements: Spaces Of Transformation 73 And Transition -
ASU Aff V1.Pdf
We affirm. Our sole contention is Ending Economic Warfare. Chengu ‘19 of Harvard writes that prior to the imposition of American sanctions, Venezuelan poverty and inequality were on the decline. Rodriguez ‘18 of Torino Economics warrants that while falling global oil prices initially caused Venezuela’s decline, the continued collapse is due to sanctions that slash imports and lines of credit. Indeed, Curcio ‘17 of University of Bolivar explains that Venezuela’s economic decline isn’t due to domestic factors, but American pressure intended to overthrow the Venezuelan government. In fact, Vyas ‘19 of the Wall Street Journal writes that Venezuelan economic reforms created an uptick in their economy despite US sanctions. Thus, Weisbrot ‘17 of the Nation concludes that Venezuela could easily recover from their economic crisis with the removal of Trump’s sanctions. These sanctions doom Venezuela’s economy in two ways. First, is a Debt Disaster. Business Insider ‘19 explains that Venezuela’s debt doubled last decade, skyrocketing to financially unhealthy levels. However, Weisbrot ‘17 of The Nation finds that in 2016, Venezuela was on the brink of restructuring and solving their debt problem, until Trump’s sanctions cut Venezuela off from needed international finance. Rodriguez ‘18 of Foreign Policy continues that, without credit, Venezuelan imports have dropped 31 percent, as the government uses their available capital to pay off their debt rather than buy imports. If sanctions aren’t removed soon, Weisbrot warns they will cause Venezuela to default on their debt, unraveling their markets and destroying any chance for recovery. Fortunately, without sanctions, Venezuela will be able to restructure their debt. -
The Argentine Success Story and Its Implications Mark Weisbrot, Rebecca Ray, Juan A
The Argentine Success Story and its Implications Mark Weisbrot, Rebecca Ray, Juan A. Montecino, and Sara Kozameh October 2011 Center for Economic and Policy Research 1611 Connecticut Avenue, NW, Suite 400 Washington, D.C. 20009 202-293-5380 www.cepr.net CEPR The Argentine Success Story and its Implications i Contents Executive Summary ........................................................................................................................................... 1 Introduction ........................................................................................................................................................ 3 Recession, Default and Recovery .................................................................................................................... 3 Exports and Contributions to Growth ........................................................................................................... 5 Social Indicators ................................................................................................................................................. 8 Poverty ............................................................................................................................................................ 8 Income Inequality .......................................................................................................................................... 8 Labor Market ................................................................................................................................................ -
(Dis)Encounters in Oliver Stones's South Of
101 HEMISPHERIC TRAVELLING AND (DIS)ENCOUNTERS IN OLIVER STONES’S SOUTH OF THE 1 Anelise R. Corseuil Universidade Federal de Santa Catarina RESUMO: O filme de Oliver Stone "Ao Sul da Fronteira", produzido em 2009, apresenta entrevistas e depoimentos de diversos presidentes latino-americanos, focalizando as diferenças políticas entre a América Latina e os Estados Unidos. Neste contexto, este trabalho analisa os discursos conflitantes subjacentes ao filme, quais sejam, seus discursos denunciatórios do neoliberalismo e o apagamento de diferenças nacionais da América Latina através da própria construção estética e narrativa fílmica e da projeção de um discurso democrata e anti-republicano, que perpassa a visão política da América Latina de Oliver Stone. PALAVRAS-CHAVE: Documentário; Narrativas de viagem; Oliver Stone; América Latina. ABSTRACT: Military dictatorships, guerrillas and geopolitical conflicts in Latin- American countries like Brazil, Chile, Argentina, Mexico, Nicaragua and El Salvador have been the object of analysis in various Canadian and American fictional films and documentaries in the last decades. Innumerable films and documentaries produced in Canada and the U.S. with institutional have depicted geopolitical conflicts in Latin America. Within this context of filmic production, this paper analyzes Oliver Stone´s documentary “South of the Border”, produced in 2009. Stone presents various interviews by former Latin American presidents. The film focuses on political differences between Latin America national politics and US foreign policies, as well as on US major TV Channels and its manipulation of the media, regarding Latin American political arena. The paper analyzes the conflicting discourses imbued in the film: its denouncing tone of neoliberalism and the erasure of Latin American national differences in the aesthetics choices and narrative techniques of the film. -
Estimating the Cost of Contributions to the IMF
Issue Brief • May 2009 Estimating the Cost of Contributions to the IMF BY MARK WEISBROT AND DAVID ROSNICK * According to press reports, the Senate Appropriations Committee will, in response to a request from the Obama Administration, attach a $108 billion increase in funding for the International Monetary Fund to a supplemental wartime spending bill. This will happen as early as today (Thursday, May 14). This is a surprise and controversial move, and may succeed in avoiding the hearings and debate that would normally accompany such an important appropriation. In order to make this politically feasible, the administration has argued that the true cost of this $108 billion contribution to the IMF is actually zero. The non-partisan Congressional Budget Office (CBO) did not accept this argument, but is expected to present a figure that is very low; as this goes to press it is reportedly at $5 billion. This figure is much too low; as will be seen below, while any estimate can only be approximate, the basic principles by which such an estimate can be derived are relatively straightforward. Such basic principles indicate a much higher cost to the Treasury, of at least $16.6 to $26.3 billion. The argument for scoring it at zero was that the contribution is “an exchange of assets” with the IMF. The idea is that the Treasury loans $108 billion to the IMF, and receives in exchange a corresponding increase in its reserve position in the Fund. This argument is not valid, and was correctly rejected by the CBO. The problem is that although the United States theoretically has the right to draw on IMF Funds, in case of a balance of payments need, it has not done so since the 1970s. -
Article Rowan Lubbock*
Rowan Lubbock* ARTICLE IMPERIALISM AND THE GEOPOLITICS OF COVID-19 IN VENEZUELA Resumo Abstract O impacto da Covid-19 apenas aumentou uma The impact of COVID-19 in Venezuela has crise de saúde pública interna à Venezuela. merely compounded an already existing health Como os demais setores da economia e da crisis within the country. Like the rest of the sociedade venezuelana, o colapso do sistema Venezuelan economy and society, the breakdown of de saúde decorre do legado de conflitos the healthcare system is largely due to the legacy of de classes e das contradições da política de class conflict and the contradictions of Bolivarian desenvolvimento bolivariana dependente do oil-dependent development policy, which finally came petróleo, que chegaram a um ponto de ruptura to breaking point with the end of the commodity com o fim do super ciclo dos commodities. Não super-cycle. And yet, despite the domestic sources of obstante as causas domésticas da crise, o atual the crisis, the current unfolding of the COVID-19 desdobramento da pandemia de Covid-19 é pandemic in Venezuela is inherently geopolitical naturalmente geopolítica. As dinâmicas eleitorais in nature. Central to this story is the manner in e políticas, vinculadas à cadeia imperialista which Venezuela’s domestic and electoral dynamics centrada em Washington, são centrais para esse have become inextricably embedded within the quadro. O conflito entre as forças chavistas e ‘imperialist chain’ centred on Washington. The de oposição, a crise constitucional de 2017, conflict between chavista and opposition forces, a declaração unilateral de Juan Guaidó como the constitutional crisis of 2017, the unilateral presidente interino em 2019 e a intensificação declaration of Juan Guaidó as ‘interim president’ do regime de sanções são todos condicionados in 2019, and an intensified sanctions regime are all pela estratégia imperial dos EUA.