Globalization of Production
Steelmakers threaten production cuts and plant closures worldwide
By Elizabeth Zimmermann, December 17, 2008
In the wake of the international financial crisis, the major steel concerns confront a dramatic collapse in sales and orders as activity slumps in the building, automotive and engineering industries.
Nick Beams presents Marxist analysis of global economic breakdown to Australian audiences
By our reporters, December 15, 2008
Appreciative audiences heard Nick Beams, a member of the WSWS International Editorial Board and national secretary of the Socialist Equality Party (SEP) in Australia, deliver a powerful series of lect...
Audience members discuss Nick Beams’s lecture
December 15, 2008
After Nick Beams’s lectures on “The World Economic Crisis: A Marxist Analysis,” WSWS correspondents asked audience members for their impressions and reactions.
China’s economic growth rate continues to tumble
By John Chan, December 5, 2008
The Chinese regime is clearly in a crisis over how to deal with the increasingly severe global recession, which is already producing widespread plant closures, rising unemployment and social unrest.
Iceland: Street protests against government and economic meltdown
By Jordan Shilton, November 29, 2008
Thousands protested in the Icelandic capital Reykjavik last Saturday, calling for the resignation of the government and for early elections. The protest follows weeks of unrest on the streets, in the ...
As oil prices plummet, OPEC meets to consider another production cut
By Patrick O’Connor, November 28, 2008
The value of a barrel of crude oil fell below $50 this month—just one-third of the record $147 a barrel recorded in July—marking the sharpest price collapse since formal futures trading began in 1...
World Bank forecasts falling trade, global recession and rising poverty
By Peter Symonds, November 14, 2008
In the lead-up to tomorrow’s G-20 summit in Washington, the World Bank released figures this week confirming that the global economy is rapidly heading into recession. Its global outlook predicted a...
Growing tensions in lead-up to G20 summit in Washington
By Peter Schwarz, November 14, 2008
The G20 summit in Washington this weekend on the global financial and economic crisis takes place amid growing international tensions.
Turkey: Financial crisis hits textile industry
By Sinan Ikinci, November 11, 2008
The Turkish economy has entered a deep and protracted decline, hitting the textile industry particularly hard and threatening the jobs and living standards of millions of working people.
China’s huge stimulus package: another sign of economic crisis
By John Chan, November 11, 2008
China has announced a $586 billion stimulus package to counter a rapidly slowing economy.
Chinese manufacturing in free fall as export markets collapse
By James Cogan, November 7, 2008
Output by China’s vast manufacturing sector, which employs tens of millions of workers and has functioned as the cheap labour workshop of the globe, is slowing dramatically.
The Summit of the Americas and the development of a genuine opposition to global capital
By Keith Jones, April 20, 2001
This weekend's Summit of the Americas—a large gathering in Quebec City of government and corporate leaders, including US President George W. Bush and the heads of 33 other national governments&m...
