Tuesday, January 06, 2009   04:33 GMT    
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ECONOMY: Emerging G20 Consensus on Solutions to Crisis
By Mario Osava
SÃO PAULO - For now, a consensus seems to prevail in the Group of 20 (G20) major industrialised and emerging nations, whose finance ministers and central bank presidents ended their 10th annual meeting Sunday, which took on a high profile due to the global financial crisis.
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ECONOMY: G20 in New North-South Battle
By Mario Osava
SÃO PAULO - Brazilian President Luiz Inacio Lula da Silva called for "a pact between governments to create a new global financial architecture," while stressing the need to open up the global financial bodies controlled by the industrialised world to emerging economies.
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INDIA : Water Privatisation - 'No Need For Costly Consultants'
By Keya Acharya
JAMSHEDPUR, Jharkhand state - The Indian corporate conglomerate, Tata, says it is ready to provide water services in this vast country and also prove that privatisation does not have to involve expensive foreign consultants and providers.
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ECONOMY-JAPAN: Hurting From Global Recession
By Catherine Makino
TOKYO - Japan’s economy, on an upward trend for several years, has been hit badly by the global credit crisis. As Tokyo stock prices posted its second largest drop on record, anxiety spread of a global recession.
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ECONOMY: What Role Can the IMF Play Today?
By Mario Osava
RIO DE JANEIRO - Having failed, to date, to play an active role in the current global financial crisis, the International Monetary Fund (IMF) may become a symbol of the end of an era and the need for a different system, more suitable to today’s new world order.
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LATAM-ASIA: Integration Won’t Be Affected by Crisis
By Daniela Estrada
SANTIAGO - The recently created Latin America Pacific Arc will not modify its strategy of integration with Asia "because of unfavourable financial circumstances" like the current crisis, Chilean Foreign Minister Alejandro Foxley said Friday after the group’s fourth meeting in the Chilean capital.
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BRAZIL: Reform of Global Financial System Needed, Says Minister
By Mario Osava
RIO DE JANEIRO - A new international financial architecture, based on different rules, is a reform that has long been demanded by different sectors and is now "inevitable" in the face of the "universal and systemic crisis" originating in the United States, says Brazilian Finance Minister Guido Mantega.
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Q&A: "The Notion that Water Is Forever Is Wrong"
Interview with Irena Salina, activist filmmaker
SAN DIEGO, California - Venality, greed, corruption -- the documentary film "Flow: For Love of Water" could just as easily be subtitled "The Evil That Men Do."
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ECONOMY-INDIA: Market Reforms May Not Materialise
By Paranjoy Guha Thakurta
NEW DELHI - Prime Minister Manmohan Singh’s coalition government is no longer dependent on communist parties to complete its term in office but it may yet fail to push through market-friendly, neo-liberal economic policies -- for lack of time and political consensus.
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TRADE: WTO Prescribes More Liberalisation
By Gustavo Capdevila
GENEVA - The shortcomings of globalisation must be amended by more globalisation, according to the World Trade Report 2008, released by the World Trade Organisation (WTO).
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BOOKS: You're Not on Their Speed Dial
By Abra Pollock
WASHINGTON - Amidst the rise of multinational corporations, technology that unites people across borders, and new waves of international migration, globalisation has also ushered in the formation of a powerful network of elites who have access to unprecedented resources and influence -- and whose decision-making impacts the lives of millions across the globe.
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GLOBALISATION: West’s Loss of Gulf Funds East’s Gain
Analysis by Meena Janardhan
DUBAI - As politically motivated restrictions on investments by oil-rich countries intensify in the West, the sovereign wealth funds (SWFs) of the Gulf countries could opt to invest in Asia and other emerging markets despite attractive valuations in the slowing U.S and European markets.
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MEDIA: IPS Has New Chairman
By Sabina Zaccaro
ROME - The IPS International Association has chosen Federico Mayor as new chair of its Board of Directors. He replaces Mario Soares, former President of Portugal (1986-1996), who has been guiding the IPS Board since 2002.
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The international flow of capital and the emergence of diverse blocs and alliances are dramatically reshaping lives and the environment all around us, with the world's poorest paying the price of prosperity for the few. But the globalisation process offers unprecedented advantages too. Since WWII the possibilities for international cultural, social and economic interaction have increased at an explosive rate. The effects of these trends on trade, geopolitics, environment, media and many other fields are interconnected and extremely complex. IPS news agency seeks to analyse the free trade initiatives' impact on the individual, as well as the behaviour of corporations, international finance institutions and the multilateral system, giving visibility to the perspectives of a more diverse range of people, including civil society and the individual.

Guns and Roses: IPS's Reporting On Global Armed Conflicts and Resolution Efforts
UNITED NATIONS: Inside the Glass House
Towards Doha: Better Financing for Development
POWER GAMES: IPS's coverage of Global Geopolitics
IFIs - International Financial Institutions
Religion in the News
News in RSS
MIDEAST: U.N. Diplomats Frustrated at Gaza Impasse
U.S.: Networks' Int'l News Coverage at Record Low in 2008
FILM: 1982 Massacre Rendered Through Dark, Distorted Lens
ECONOMY-BRAZIL: An Island in Stormy Waters
POLITICS: Bush Plan Eliminated Obstacle to Gaza Assault
INDIA: Delivers Diplomatic Ultimatum to Pakistan
POLITICS-GHANA: New President Must Tackle Economy
PERU: Open-Pit Mine Continues to Swallow City
NEPAL: Army-Rebel Integration Hangs Fire
GREECE: Ask for Rights, Get Acid in the Face
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