Global Economy

The Global Economy Program provides research, communications, and networking support to dynamic economic justice movements in the United States and around the world. Our goal is to speed the transition to an equitable and sustainable economy while reversing today’s extreme levels of economic and racial inequality and excessive corporate and Wall Street power. The program focuses its work on six inter-related areas:

Inequality and CEO Pay
The program collaborates with a broader IPS team to produce Inequality.org and a related weekly newsletter that highlights the latest data and the sharpest strategies to reverse extreme inequality in the United States and around the world. The program is also a leading resource on one key driver of inequality — runaway CEO pay. For more than two decades, our annual report series “Executive Excess” has drawn extensive media coverage to the issue of CEO pay and practical solutions. A newer report series, “A Tale of Two Retirements,” is the first to track the staggering gap in retirement benefits between wealthy CEOs and ordinary Americans.

Trade, Investment, and Mining
The program works with grassroots activists around the world to advance alternative international trade and investment policies that elevate environmental, human, and labor rights above narrow corporate interests. In recent years program staff have played a lead role in supporting a successful campaign in El Salvador to defend against global mining corporations’ attempts to steamroll local resistance to harmful extractives projects.

Black Workers Initiative
The Black Worker Initiative aims to help expand opportunities for black worker organizing and thereby greatly contribute to the revitalization of the U.S. labor movement as a whole. This program is deeply committed to helping achieve both the historic and contemporary aims of the labor and civil rights movements.

Wall Street and Global Finance
IPS staff play lead roles in coalitions working to restore the financial sector to its proper purpose of serving the real economy. We track the reckless Wall Street bonus culture, for example through our annual “Off the Deep End” report on the size of the financial industry bonus pool versus the cost of paying restaurant servers and domestic workers a living wage. We also advance innovative reforms such as a small tax on Wall Street speculation to curb short-term trading and generate massive revenue for urgent public needs, such as fixing our crumbling national infrastructure.

Low-Wage Workers
IPS staff play lead roles in coalitions working to restore the financial sector to its proper purpose of serving the real economy. We track the reckless Wall Street bonus culture, for example through our annual “Off the Deep End” report on the size of the financial industry bonus pool versus the cost of paying restaurant servers and domestic workers a living wage. We also advance innovative reforms such as a small tax on Wall Street speculation to curb short-term trading and generate massive revenue for urgent public needs, such as fixing our crumbling national infrastructure.

Inequality.org
Inequality.org and a related weekly newsletter are key resources for the public at large, journalists, teachers, students, academics, activists, and others seeking information and analysis on wealth and income inequality. Here, we collect the latest developments on inequality and keep readers abreast of relevant information concerning the widening wealth gap. We highlight stories from activists on the front lines of the fight against extreme inequality and share information that can be used for ongoing campaigns.

Latest Work

My Cat is No Fat Cat

My cat is on the pudgy side, but she is nothing like our titans of finance. Let’s stop maligning our feline friends by comparing them to greedy, evil Wall Street execs.

The Struggle of Electrical Workers in Mexico Goes On

Dismantling the nation’s energy industry in the name of “structural reform” does little to help growing poverty and joblessness.

Lessons from Sweden for the Immigration Debate

We need to support countries in reducing the pressures that force immigration, and not the corporations that make conditions worse.

U.S.-China Bilateral Investment Treaty Negotiations

Expedited talks with China may shine a brighter spotlight on these controversial agreements.

Nation’s ‘Pay Czar’ Largely Impotent

Is the administration really curbing bloated CEO pay?

Getting Past the Smoke and Mirrors

Want to be able to make every bump that comes your way just another springboard to grand fortune, just like CEOs? Here’s what you need to do.

Why a Real Recovery Must be a Global Recovery

Civil society proposals to fix the global financial system would benefit ordinary people in impoverished countries and in the United States.

CEO Pay Still Outrageous

Public funds support many bailed-out companies. So why are we still paying CEOs outrageous salaries?

Remember the Real Villain–Wall Street

We’re pointing fingers at President Obama — when those responsible for the economic crisis escape blame.

Executive Excess 2009: America’s Bailout Barons

The 16th annual Institute for Policy Studies “Executive Excess” report exposes this year’s windfalls for top financial bailout recipients.

Can Europe Pop the U.S. CEO Pay Bubble?

New corporate regulation across the Atlantic may help deflate bloated executive compensation.

There’s a Bubble That Still Threatens the Entire American Economy…and Few Are Talking About It

Outrageously large rewards for executives give executives an incentive to behave outrageously — and engage in behaviors that put the rest of us at risk.

Comments on the U.S. Model Bilateral Investment Treaty

A report presented to the United States Department of State and the Office of the U.S. Trade Representative.

Testimony, ‘Investment Protections in U.S. Trade and Investment Agreements’

Sarah Anderson’s testimony to the U.S. House Ways and Means Committee, subcommittee on trade.

Why Not Send My Tax Check Directly to Wall Street Execs?

The hard-earned income taxes of ordinary citizens are paying for the bloated, unearned paychecks of bailout CEOs.

Obama Should Restart Immigration Debate and Extend it Beyond our Borders

The Obama administration’s immigration plan should include initiatives to help create more opportunities in migrants’ home countries.

Executive Compensation and the Culture of Wall Street

Answers to frequently asked questions about the bailout bonus scandals.

Why It’s in Our Interest to Support a Global Stimulus

Ignoring the problems of the poorest economies, even in tough times like these, will come back to haunt us. Let’s support a global stimulus for a globalized world.

Beyond the AIG Bonuses

Many taxpayer subsidies for executive excess have not yet hit the headlines.