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Breaking the Bonds Posted October 1, 2003
Spurred by Argentina's recent success in renegotiating its staggering foreign debt, Brazil and other Latin American countries saddled with loans are pressuring the IMF to rethink its repayment policies, reviving doubts about the soundness of the global financial order. In an article for Foreign Affairs in 1999, Alan S. Blinder analyzed the flaws of the Bretton Woods system and offered an eight-point plan to reform it.
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Tequila Sunset Posted September 16, 2003
September's WTO trade talks in Cancun collapsed in acrimony after a new coalition of developing nations denounced rich countries for not lifting protectionist farm subsidies. Two years ago, in a Foreign Affairs article analyzing the breakdown of the 1999 Seattle trade talks, The New York Times' David Sanger argued that the best way to get negotiations going again was for rich and poor nations to strike a grand bargain, giving each side what they wanted most: The United States would lift its barriers on textiles and agriculture, and developing countries would start enforcing intellectual property laws and raise minimum labor and environmental standards.
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More of Background on the News
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• NATO: Ronald D. Asmus, a leading expert on the NATO alliance, says that the United States and its European allies have taken a "first step" toward cooperation in Iraq. Interview
• NATION-BUILDING: What’s the U.N. record on nation-building? Q&A
• NATIONAL SECURITY: Former House Speaker Next Gingrich and Harvard's Kennedy School Dean Joseph Nye debate the Bush administration's national security strategy. Transcript
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