Economic Articles

Article:	Redoing Globalization	View Article
Published:	12/23/2008 by The Nation	View Comments (0)
Submitted by:	Frank K 1 yr 303 days ago	Add Comment

Article Details: As Obama puts together his economic recovery program, he needs to understand that the economic crisis is the result not just of unscrupulous mortgage lenders and unregulated investment bankers, but of the globalization of finance and trade that key members of his economic team set in motion when they were in the Clinton administration. The current system of global commerce and transnational finance is inherently prone to crisis and is incompatible with Obama's goal of rebuilding the American mid