1. Rights Interests: Trade Disputes
- Author:
- Howard Guille
- Publication Date:
- 06-2010
- Content Type:
- Journal Article
- Journal:
- Human Rights and Human Welfare - Review Essays
- Institution:
- Josef Korbel Graduate School of International Studies, University of Denver
- Abstract:
- The global financial crisis led to the steepest drop in global activity and trade since World War II (International Monetary Fund 2009c). Recession means unemployment of people and resources. It is a bad time to be a worker and a despondent one for worker representatives. The crisis began, publicly at least, with financial panics and ensuing bank failures in the United States in September 2008. The financial bubble of securities and derivatives burst because of “the obesity of banks and shadow banks” (Johnson 2009). However, politicians and governments had given bankers and financiers a license for excess by deregulating finance and trusting open markets. In essence, elected politicians gave small government to bankers, who in turn gave neo-liberal globalization to us.
- Topic:
- Globalization, Government, War, and Financial Crisis
- Political Geography:
- United States