Citizens can and should play an
active role in shaping the future of our global economy.
Here are some of the ways in which we can work together
to reform global trade rules, demand that corporations
are accountable to people's needs, build strong and free
labor and promote fair and environmentally sustainable
alternatives.
No globalisation without
representation
Multilateral institutions such as the
World Trade Organisation, the World Bank, and the
International Monetary Fund create global policy with
input mainly from multinational corporations and very
little input from grassroots citizens groups. We need to
ensure that all global citizens must be democratically
represented in the formulation, implementation, and
evaluation of all global social and economic policies of
the WTO, the IMF, and the WB. The WTO must immediately
halt all meetings and negotiations in order for a full,
fair, and public assessment to be conducted of the
impacts of the WTO's policies to date. The WTO must be
replaced by a body that is fully democratic,
transparent, and accountable to citizens of the entire
world instead of to corporations. We must build support
for trade policies that protect workers, human rights,
and the environment.
Mandate corporate accountability
Corporations have so heavily
influenced global trade negotiations that they now have
rights and representation greater than individual
citizens and even governments. Under the guise of 'free
trade' they advocate weakening of labor and
environmental laws -- a global economy of sweatshops and
environmental devastation. Corporations must be subject
to the people's will; they should have to prove their
worth to society or be dismantled. Corporations must be
accountable to public needs, be open to public scrutiny,
provide living wage jobs, abide by all environmental and
labor regulations, and be subject to all laws governing
them. Shareholder activism is an excellent tool for
challenging corporate behavior.
Restructure the global financial
architecture
Currency speculation and the
derivatives market move over $1.5 trillion daily
(compared to world trade of $6 trillion annually),
earning short-term profits for wealthy investors at the
expense of long-term development. Many countries are
beginning to implement 'capital controls' in order to
regulate the influence foreign capital, and grassroots
groups are advocating the restructuring and regulation
of the global financial architecture. Citizens can pass
local city resolutions for the Tobin Tax - a tax of
.1per cent to .25per cent on currency transactions which
would provide a disincentive for speculation but not
affect real capital investment, and create a huge fund
for building schools & clinics throughout the world.
Cancel all debt, end structural
adjustment and defend economic sovereignty
Debt is crushing most poor countries'
ability to develop as they spend huge amounts of their
resources servicing odious debt rather than serving the
needs of their populations. Structural adjustment is the
tool promoted by the IMF and World Bank to keep
countries on schedule with debt payments, with programs
promoting export-led development at the expense of
social needs. There is an international movement
demanding that all debt be cancelled in the year 2000 in
order for countries to prioritise health care,
education, and real development. Countries must have the
autonomy to pursue their own economic plans, including
prioritising social needs over the needs of
multinational corporations.
Prioritise human rights - including
economic rights - in trade agreements
The United Nations must be the
strongest multilateral body - not the WTO. The US must
ratify all international conventions on social and
political rights. Trade rules must comply with higher
laws on human rights as well as economic and labor
rights included in the United Nations Declaration of
Human Rights. We should promote alternative trade
agreements that include fair trade, debt cancellation,
micro-credit, and local control over development
policies.
Promote sustainable development - not
Consumption - as the key to progress
Global trade and investment should
not be ends in themselves, but rather the instruments
for achieving equitable and sustainable development,
including protection for workers and the environment.
Global trade agreements should not undermine the ability
of each nation, state or local community to meet its
citizens' social, environmental, cultural or economic
needs. International development should not be
export-driven, but rather should prioritise food
security, sustainability, and democratic participation.
Integrate women's needs in all
economic restructuring
Women make up half the world but hold
less than 5per cent of positions of power in determining
global economic policy, and own an estimated 1per cent
of global property. Family survival around the world
depends on the economic independence of women. Economic
policies need to take into account women's important
role in nutrition, education, and development. This
includes access to family planning as well as education,
credit, job training, policy decision-making, and other
needs.
Build free and strong labor unions
internationally and domestically
As trade becomes more 'free,' labor
unions are still restricted from organising in most
countries. The International Labor Organisation should
have the same enforcement power as the WTO. The US
should ratify ILO conventions and set an example in
terms of enforcing workers' rights to organise and
bargain collectively. As corporations increase their
multinational strength, unions are working to build
bridges across borders and organise globally. Activists
can support their efforts and ensure that free labor is
an essential component of any 'free trade' agreements.
Develop community control over
capital; promote socially responsible investment
Local communities should not be
beholden to the IMF, international capital,
multinational corporations, or any other non-local body
for policy. Communities should be able to develop
investment and development programs that suit local
needs including passing anti-sweatshop purchasing
restrictions, promoting local credit unions and local
barter currency, and implementing investment policies
for their city, church, and union that reflect social
responsibility criteria.
Promote fair trade not free trade
While we work to reform 'free trade'
institutions and keep corporate chain stores out of our
neighborhoods, we should also promote our own vision of
Fair Trade. We need to build networks of support and
education for grassroots trade and trade in
environmentally sustainable goods. We can promote
labeling of goods such as Fair Trade Certified, organic,
and sustainably harvested. We can purchase locally made
goods and locally grown foods that support local
economies and cooperative forms of production and trade.