World economy: A new oil crisis
The price of oil has surged during 2004, after a period of relatively low prices.
The price of oil has surged during 2004, after a period of relatively low prices.
The sluggish world economy is being dragged along by two coupled locomotives, with US capitalism at the head of the train and with China as a key auxiliary.
A ’black gold’ rush is in full swing.
Finance Ministers and central bank chiefs from the seven richest imperialist states, the G7, meet in Washington at the start of October.
The recovery in the world economy continues to assume an anaemic character.
Eurozone leaders attending the recent G7 summit of finance ministers from the richest capitalist nations let out a howl of impotent anguish. The statement issued after their meeting (7/8 February) at Boca Raton, Florida, deplored […]
THE BOOMS of the 1980s and 1990s were both driven by frenzied international financial speculation. They have left deep problems for capitalism, and now form a massive barrier to a new, sustained economic upswing in […]
DUBLIN HAS the odious task of hosting the World Economic Forum (WEF) from 19 – 20 October. The WEF, which is a representative "think tank" for the top thousand multinational corporations in the world, plans […]
The world economy is on the edge of a prolonged period of stagnation. Before the war on Iraq began, its approach had already made a negative impact. A United Nations statement in January this year […]
FINANCE MINISTERS from the seven largest economies in the world met recently to debate how to revive the sick world economy. However, there was little agreement on how to revive the patient.
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