Resources: Globalisation, state and deregulation, Corner House Briefing Paper

15 results
Financial Bricolage, Derivatives and Power
Nicholas Hildyard

9 October 2008

39. Financial entrepreneurs created a 'shadow banking system' over the past 30 years to circumvent regulation and to offload risk onto others, relying on 'derivatives' and 'securitisation'. They generated easy credit that fuelled a boom in corporate mergers and acquisitions across the United States and Europe, and that enabled companies involved in mining, biofuels, private health care, water supply, infrastructure and forestry to expand their activities significantly. When the pyramid of deals came tumbling down, however, the public had to bear the costs.

The Global Consequences of Private Equity
Kavaljit Singh

17 September 2008

37. Private equity has become an integral part of the world's financial system, creating a new type of corporate conglomerate that is reshaping the way business is conducted. It poses new challenges to labour unions, NGOs and community groups because of its influence on taxation policy, corporate governance, labour rights and public services. These challenges are especially clear in Asia, which private equity firms are targeting since the "credit crunch" took hold. Private equity's vulnerabilities, however, may provide opportunities to address public concerns.

Private Pensions, Corporate Welfare and Growing Insecurity
Richard Minns with Sarah Sexton

1 May 2006

This briefing outlines the different ways in which countries have financed both social security for older people and economic production. It describes the rise of the private model of pensions and the influence of pension funds on capital flows around the world. It then summarises and critiques the main justifications given for expanding private pension schemes, and analyses the motivations of the groups that perpetuate this model.

Constructing a New Population Threat
Anne Hendrixson

2 December 2004

34. 'Youth-bulge' theory refers to the large proportion of the world's population under 27 years old who are supposedly prone to violence. Images of angry young men of colour as potential terrorists and veiled young women as victims of repressive regimes support the theory. The implied threat of explosive violence and explosive fertility provides a rationale for US military intervention and population control initiatives in other countries and justifies government surveillance of Muslims and Arabs within US borders.

Tales From the New Mozambique
Joseph Hanlon

29 October 2004

Northern aid donors demand that Southern countries tackle corruption, but continue to require them to implement economic liberalisation policies that increase corruption. In Mozambique, corruption has grown to high levels because of increasing intervention by international financial institutions, such as the World Bank, and bilateral aid donors in support of liberalisation, facilitated by tacit alliances between donors and a section of the Mozambican elite.

Women's Health in a Free Market Economy
Sumati Nair and Preeti Kirbat with Sarah Sexton

16 June 2004

This briefing evaluates the 1994 UN International Conference on Population and Development. It assesses several processes that affect women's reproductive and sexual rights and health: the decline and collapse in health services; neo-liberal economic policies and religious fundamentalisms; and development policies underpinned by neo-Malthusianism.

Export Credit Agencies and Corruption
Susan Hawley

15 December 2003

The taxpayer-backed export credit agencies of industrialised countries are underwriting the bribery and corruption of large, mainly Western, companies operating abroad.

Lessons from the New Thailand
Dr Pasuk Phongpaichit

14 December 2003

Corruption in Thailand has been neither pervasive nor incompatible with economic growth. It is centred on a big business-politics complex whose rise has gone hand-in-hand with globalisation.

TNC Regulation in an Era of Dialogues and Partnerships
Judith Richter

28 February 2002

As corporations have expanded beyond their national borders, it has become harder for individual countries to protect public interests through national regulation alone. Industry self regulation or co-regulation is often considered the best way to set global rules. Drawing on a case study of the infant food industry, this briefing paper raises crucial questions about making TNCs publicly accountable at a time when dialogues and partnerships are portrayed as the best way to interact with them.

A New Political Space for Activists
Mark Mansley and Nicholas Hildyard

30 January 2002

Lobbying financial markets has become a major way of halting or lessening the impact of environmentally-damaging and socially-inequitable projects. This briefing provides several case studies, traces the rise of ethical shareholding, and explores the limits and potential pitfalls of financial market activism.

Privatisation, Multinationals and Bribery
Susan Hawley

30 June 2000

Growing corrpution throughout the world has resulted from the rapid privatisation of public enterprises. Multinationals, supported by Western governments and their agencies, are engaging in corruption on a vast scale in North and South alike. Donor governments and multilateral agencies such as the World Bank and International Monetary Fund frequently put forward ‘good governance’ agendas to combat corruption, but their other actions send different signals about where their priorites lie.

The Politics and Culture of Combustion
Stephen J. Pyne with Larry Lohmann

28 February 2000

Sensational images of wildfires often prompt calls for sweeping, high-tech measures to control fire in the open. Yet fire in the open is a planetary necessity. The problem is too little controlled open burning in the North, and too much wildfire in the South -- and too many catastrophic, destructive blazes and not enough cleansing, fertilizing ones. Constructive debate about climate change, agriculture or forestry requires a careful look at the culture, ecology and politics of global fire.

Adaptation and Reaction to Globalisation
Mark Duffield

31 January 1999

Many internal wars in Africa, Central and Eastern Europe and the former Soviet Union, far from representing societal breakdown, can be seen as a rational response on the part of rulers (and would-be rulers) to ensure their economic and political survival in a context of globalisation and the changing nation-state.

Reflections for Activists
Larry Lohmann

31 August 1998

Third World development” seldom achieves its stated objectives and is repeatedly discovered to be based on false assumptions. Although discredited, however, it has survived and flourished. This briefing asks to what extent development’s critics have inadvertently increased both its longevity and its capacity to produce falsehoods and failure. Forging an effective critical activism requires reexamining the dynamic between development projects and their opponents, helpers and beneficiaries.

Free Market Ambiguities
Nicholas Hildyard

31 March 1998

The practical outcome of free-market policies has not been to diminish the state’s power -- but to redirect it in favour of transnational interests. Thus the power of many Northern states to intervene in the economic and social affairs of other countries has increased. Resistance to the “free market state” is growing, as is the demand that the state’s powers be used to protect the interests and rights of citizens, not corporations.