The Republic of Hunger Utsa Patnaik

India has seen a steep and unprecedented fall in per capita foodgrains absorption in the course of the last five years (1998 to 2003). This has lead to a sharp increase in the numbers of people in hunger, particularly in rural areas. Meanwhile, a worsening situation is being interpreted as betterment because, as this paper argues, the diagnosis of the problem of hunger itself is incorrect. Thus, no remedial measures can be expected of the policy advisers and the rulers of this country which was once a developing economy, but which has been turned into the Republic of Hunger. republic_hunger…

Global Employment Trends 2004: No Solutions on Offer Sabyasachi Mitra

The Global Employment Trends (GET) 2004, published by the International Labour Organization (ILO), does not hold much promise for the workers and job seekers in the world in the current year. GET 2004 starts on a dismal note saying that despite a recovery in economic growth in 2003 following a slowdown during the previous two years, there was no improvement in the global employment situation in 2003. Total unemployment grew from 2.5 per cent in 2002 to 3.0 per cent in 2003. Youth unemployment rates have been growing much faster than the growth in the overall unemployment rates. In other…

NAFTA: A cautionary tale Timothy A. Wise and Kevin P. Gallagher

Editor’s Note: This commentary comes to FPIF courtesy of the Americas Program at the Inter hemispheric Resource Center (IRC). For more commentary and analysis on inter American affairs, visit the IRC’s Americas Program at www.americaspolicy.org or FPIF’s own Americas section at http://www.fpif.org/indices/regions/latin.htm At the end of this month, trade ministers from throughout the Western Hemisphere will gather in Quito, Ecuador, for negotiations on the proposed Free Trade Area of the Americas (FTAA). Many FTAA proponents, including the Bush administration, herald the FTAA as a NAFTA for the Americas. Indeed, early drafts suggest that the proposed treaty is modeled closely on…

Argentina Since Default: The IMF and the depression Alan B. Cibils, Mark Weisbrot and Debayani Kar

More than eight months since the economic crisis has passed and Argentina's economy continues to decline, with the recession now having lasted more than four years. This paper looks at Argentina's crisis since the default in an attempt to find a way out of the Depression. argentina_default (Download the full text in PDF format)

The Reason to Cry for Argentina Anthony Faiola

Word spread fast through the vast urban slums ringing Rosario. There was food on the freeway - and it was still alive. A cattle truck had overturned near this industrial city, spilling 22 head of prime Angus beef across the windswept highway. Some were dead. Most were injured. A few were fine. A mob moved out from Las Flores, a shantytown of trash heaps and metal shacks boiling over with refugees from the financial collapse of what was once Latin America's wealthiest nation. Within minutes, 600 hungry residents arrived on the scene, wielding machetes and carving knives. Suddenly, according to…