The Second Shockwave

The global economic crisis is just now hitting the developing world — with devastating effects.

Balis Business-As-Usual Mandate

The outcome of the Bali climate talks is more likely to benefit the World Bank and investors than to put the brakes on climate change.

All Fall Down

All Fall Down

Ten years after the Asian financial crisis, the Pacific economies have yet to really recover. Meanwhile, as columnist Walden Bello argues, finance capital resists any form of global regulation, making more financial crises likely.

Wolfowitz’s Golden Parachute

Before confirming Zoellick as its next president, the World Bank should ask him a simple question: Are you, like your predecessor, aiming to get rich off of eliminating poverty?

The Question Not Asked

In the wake of Wolfowitz’s resignation, it’s time to address the World Bank’s excessively high salaries.

Foreign Investors Gone Wild

Leaders of developing countries are often forced to work with institutions that promote and protect foreign investment — with little regard for the costs to democracy and the environment.