Privatization is no panacea - Globe and Mail

Now they tell us: Privatization is no panacea
Wednesday, August 6, 2003 - Page A13
Finally, someone has come to their senses at the World Bank and admitted that letting the private sector run things does not always produce better results than leaving them in public hands.
For an organization that has spent two decades pushing privatization with something akin to religious zeal, this amounts to a crisis of faith.

G8 and financial crises - June 20, 2003

G7 Response to Financial Crises – Another Band-Aid

The frequent financial crises of recent years has exposed the systemic instability of global finance and resulted in devastating impacts on human development. Financial liberalization has meant that governments have lost their ability to control the global flow of capital, thereby surrendering monetary and economic policy sovereignty to investment firms and large banks.

These financial crises revealed the degree to which financial markets are under-governed in the global economy. An enormous discrepancy exists between an increasingly sophisticated international financial world and the lack of proper institutional frameworks to regulate it at the national and multilateral levels. The inevitability of future crises makes the re-regulation of capital a global imperative.

Press Responses : Wednesday, June 18, 2003

CBC’s “The Current”
June 18, 2003
Damming Evidence: Canada and the World Commission on Dams  
It's the most expensive construction project in the history of the human race, and one of the largest.
The Three Gorges dam project in China won't be finished until 2009, but this month it passed a symbolic landmark. Engineers closed the dam's sluice gates and for the first time the mighty Yangtze was blocked. The enormous reservoir behind the dam is now starting to fill with water.

Press Release - Thursday, June 12, 2003


For immediate release

Canada refuses to take responsibility for large dam disasters by ignoring World Commission recommendations

Ottawa, June 12, 2003 - Canada should implement the recommendations of the World Commission on Dams (WCD), rather than continuing to support such environmental and human rights debacles as China's Three Gorges dam and Colombia's Urra dam, argues a new report, released today by the NGO Working Group on the EDC.