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World Economy


28 June 2007

World economy grows but workers lose out

IN 2006 the world economy grew by 5.4%. That annual rate is comparable with growth in the years of the post-war economic upswing of the 1960s. The ability...

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12 April 2007

Battling over the world's oil reserves

ALISTAIR TICE looks at the rivalry for access to the world's oil supplies and assesses the likely consequences for the world economy, and the continued dominance of US imperialism....

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7 February 2007

The writing on the Chinese wall

Can China achieve the transition from 'communism' to capitalism? How long will its turbocharged economic growth last? Peter Taaffe, Socialist Party general secretary, reviews The Writing on the Wall - China and the West in the 21st Century by Will Hutton

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1 June 2006

'Correction' or crash?

World economy: IN THE second week of May there was a convulsion in the world financial system. Shortly after rising to near-peak levels, shares fell sharply on world stock exchanges, especially in so-called 'emerging markets' like India and Turkey. Lynn Walsh examines these events and exposes the instability of the global capitalist system.

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22 February 2006

Trade wars and protectionism

THE FAILURE of the capitalist powers at the recent WTO (World Trade Organisation) talks in Hong Kong to further 'liberalise' world trade reflects the growing difficulties and contradictions inherent in the world economy...

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4 December 2004

Committee for a Workers' International: Building the forces of socialism worldwide

Committee for a Workers' International: THE INTERNATIONAL Executive Committee (IEC, the elected leadership of the Committee for a Workers' International - CWI) recently met to discuss the impending crisis in the world economy, the effect of Bush's re-election and the continuing bloody occupation of Iraq and Europe...

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21 August 2004

Oil prices set to rock world economy

WORLD LEADERS are showing considerable worry about the continued rise in oil prices. On 10 August, US light crude broke the $45 a barrel mark, the highest price ever in New York. Oil prices have risen 30% this year alone...

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22 May 2004

New shocks cast cloud over world economy recovery

THE RECOVERY in the world economy continues to assume an anaemic character. While most attention is currently fixed on the debacle in Iraq, serious commentators fret that accumulated economic imbalances could yet derail the fragile and contradictory...

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28 February 2004

World Currencies - Turbulent Times Ahead?

ECONOMISTS WORLDWIDE are grasping at any sign of a revival in the US and world capitalist economies...

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30 March 2001

Frenzied speculators enter the deflationary spiral

IT WAS panic on the financial streets of London, New York, Tokyo, Paris and other world financial centres last week as stock markets went into simultaneous freefall...

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