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Obama to Usher In New World Order at G-20
President will announce Friday morning a significant expansion of the consortium of countries that tackle global economic and climate change issues.
Originally posted by Demos
To me new world order doesn't refer to anything specific. As if I was telling you "I'm gonna get a new car" you won't know what kind of car it would be, could be anything. Well in that case it just means that we need a new type of governance between states to make sure things don't fall appart like they did a year ago. I don't see any conspiracy here.
Structural Adjustment Policies are economic policies which countries must follow in order to qualify for new World Bank and International Monetary Fund (IMF) loans and help them make debt repayments on the older debts owed to commercial banks, governments and the World Bank. Although SAPs are designed for individual countries but have common guiding principles ...
SAPs generally require countries to devalue their currencies...
Balancing national budgets can be done by raising taxes, which the IMF frowns upon, or by cutting government spending, which it definitely recommends. As a result, SAPs often result in deep cuts in programmes like education, health and social care, and the removal of subsidies designed to control the price of basics such as food and milk. So SAPs hurt the poor most, because they depend heavily on these services and subsidies.
SAPs encourage countries to focus on the production and export of primary commodities....
By devaluing the currency and simultaneously removing price controls, the immediate effect of a SAP is generally to hike prices up three or four times, increasing poverty to such an extent that riots are a frequent result.
The term "Structural Adjustment Program" has gained such a negative connotation that the World Bank and IMF launched a new initiative, the Poverty Reduction Strategy Initiative, and makes countries develop Poverty Reduction Strategy Papers (PRSP). While the name has changed, with PRSPs, the World Bank is still forcing countries to adopt the same types of policies as SAPs.