Essays stock market corruption

The aggressive liberalization of international trade through international institutions such as the World Bank and the International Monetary Fund has led to an enormous increase in the volume of trade – global trade in 2000 was 22 times the level of 1950 (Nicholls & Opal, 2005: 17) and world exports have almost doubled over the last decade (HDR, 2005: 114). But global inequality has grown simultaneously – so drastically, that many question the basic assumption that trade benefits all. The United Nations Human Development Report 2005, for example, introduces its section on international trade with a telling quote by Eduardo Galeano: “The division of labour among nations is that some specialize in winning and others in losing.” And – to give a flavour of what the outcome of neoliberal trade is according to this report – the “world’s richest 500 individuals have a combined income greater than that of the poorest 416 million. Beyond these extremes, the billion people living on less than $2 a day – 40% of the world’s population – account for 5% of global income. The richest 10%, almost all of whom live in high-income countries, account for 54%.” (HDR, 2005: 4)

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essays stock market corruption

Essays stock market corruption

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essays stock market corruption

Essays stock market corruption

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essays stock market corruption

Essays stock market corruption

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essays stock market corruption
Essays stock market corruption

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Essays stock market corruption

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essays stock market corruption

Essays stock market corruption

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Essays stock market corruption

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