Consistent with U.S. political interests to promote a private sector agenda, the World Bank has accentuated the private sector in its operations and highlighted financial support for the private sector in its own agenda in the last few years.
Indonesia’s recent economic and political collapse is a stark example of the outright failure of a development paradigm promoting large-scale economic growth without political, social, legal, and environmental safeguards.
The agenda of the WTO, the implementation of its agreements, and the much-praised dispute settlement system all serve to advance the interests of developed countries, sidelining those of the developing countries.
Although the world market for environmental technologies is twice the size of the world arms market, the U.S. supports its arms exports over its environmental technologies market by a staggeringly large margin.
When the Soviet Union abruptly ceased to exist on December 25, 1991, it seemed that the West, particularly the U.S., finally had what it had always wanted–the opportunity to introduce quick, all-encompassing economic reform that would remake Russia in the West’s own image.