Frequently Asked Questions:
FAQs

 
Questions

What is "Globalisation"?
What is the World Economic Forum?
What is the relationship between the World Economic Forum and Globalisation?
Who are the Members of the World Economic Forum?


What is "Globalisation"?

Globalisation is a term used by economists, the media, and the activist community to describe the process of enhancing the "Global Economy". It is also referred to as "Free Trade", or "Neoliberalism". Globalisation is embodied by global economic institutions, such as the World Trade Organisation (WTO), the World Bank, and the International Monetary Fund (IMF).

Globalisation was billed to the public as a "rising tide that will lift all boats" by Michael Moore, head of the WTO. But as this system grows, it must search the globe for ever-cheaper resources and labor, which usually means the relocation of industry to the "third world".

Founded in 1944, The World Bank and the IMF facilitate the Global Economy by loaning Third World Nations large amounts of foreign currency. Usually these loans have many "strings attached". These "strings" tend to pave the way for large multi-national corporations to move into a country and implement projects which usually hurt the environment (industrial forestry, mining, dams, etc.) and people (sweat-shops, non-unionized labor for agriculture and industry, etc.)

The World Bank and IMF are also responsible for collecting on the debts of Third World nations. Because of the billions in debt that many nations owe, they can usually not even pay back the interest rates on their loans, and must take out more loans. The cycle of debt prevents the third world from ever truly "developing" because it keeps the labor force desperately poor and willing to accept any wage, and the natural resources pitifully cheap.

The World Trade Organisation, which was developed by further liberalising the General Agreement on Tariffs and Trade (GATT) at the Uruguay Round in 1995, is the unelected body, which decides what will happen when one country has a trade dispute with another country. This is called a WTO "Tribunal". The WTO’s agenda is to increase global trade, which means decreasing barriers to trade. "Barriers to Trade", as defined by the three members of the Tribunal, can be interpreted as food safety laws (in the case of hormones in beef, or labeling on genetically engineered foods) endangered species protection (in the case against sea turtles and dolphins), or laws which attempt to protect human rights (in the Massachusetts vs. Burma case). When the WTO tribunal rules that one country is in violation of WTO agreements, that country must either overturn it’s law (i.e.: un-do it, scratch it off the books, nullify it, rescind it), or consumers, (i.e.: you and me) will pay more when buying "luxury goods" from overseas because of WTO imposed tariffs, meant to punish a country for it’s "trade barriers". In short, the World Trade Organisation has the authority to undermine legislation, passed by sovereign nation-states.

Essentially, the WTO, and the "new" Global Economy, hurt the environment, exploit workers, and disregard civil society’s concerns. The only beneficiaries of Globalisation are the largest, richest, multi-national corporations.


What is the World Economic Forum?

The World Economic Forum (WEF) is the "think tank" and driving force behind the Global Economy. It’s members include the CEOs from the top 1000 multi-national corporations in the world, academics, trade-ministers from national governments, and influential business leaders. The WEF was founded by Klaus Schwab in 1971, as the "European Management Forum", and was renamed the WEF in 1987 "to reflect its increasingly global outlook (WEF literature)".

The WEF holds it’s annual meeting in the small resort town of Davos in the Swiss Alps. According to the WEF’s literature, this meeting is "now considered the global summit which defines the political, economic and business agenda for the year".

The World Economic Forum is an extremely powerful, unelected and unaccountable body of officials who are making major decisions about what we, the human population, will read in the media, what food we will eat, what we will study in school, where and in what conditions we will work, etc.

Essentially the WEF’s summits, or meetings, allow the richest and most powerful corporations in the world to mingle with trade representatives from nations, and with each other, to make business deals.


What is the relationship between the World Economic Forum and Globalisation?

In the WEF literature, it clearly states that in 1982 "the Annual Meeting in Davos bring(s) together cabinet members of major countries with heads of international organisations (such as the World Bank, IMF, and GATT)…A special Informal Gathering of Trade Ministers from 17 countries is organized in Lausanne by the Foundation, which spurs the launch of the Uruguay Round".

With this information from we can clearly see that the World Economic Forum has historically played a key role in furthering the process of Globalisation. It can even be concluded the World Trade Organisation was conceived and developed by the members of this "special meeting" in 1982.


Who are the Members of the World Economic Forum?

The WEF’s members are divided into _______ key areas: Media, Pulp and Paper, Mining, Textiles, etc. The WEF’s members come to Davos, and to the many regional summits, by invitation only.

Some of the members of the WEF include:

Amcor Ltd.

BHP

Visa

Commonwealth Bank of Australia

Dow Corning

Dupont

Exxon

Honeywell

Hydro-Quebec

McDonald’s

Microsoft

Monsanto

Nike

Phillip-Morris

Rio Tinto

Boeing

3M

Amazon.com

Anglo-American Corporation of South Africa Ltd

Bank of America

BP – Amoco

Broken Hill Proprietary Co.

Cargill

Novartis

Chase Manhattan Corporation

Cheveron

Citibank

Colonial Bank Australia

Delta- Galil Industries Ltd.

ELF Aquatine

Estee Lauder

Forbes

Ford

Gazprom

General Motors

Groupe Danone

Gulfstream Aerospace corporation

Hewlett Packard

Indian petro-chemical corpoation

International Paper Company

Kraft Foods

Mitsubishi Group

Mobil

National Australia Bank

Nestle

Phillips Petroleaum

Price-waterhouse-coopers

Placer Dome

Royal Dutch- Shell

Siemans

Telstra Corporation

Coca-Cola

De Beers

Thyssen Krupp

Toyota

Turner International

United Technolagies Corporation

Viacom

Waste Management International

Western Mining Corporation

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