Power grab: big business wants to tighten its hold with a new global trade pact.(Multilateral Agreement on Investment)

From: The Progressive | Date: March 1, 1998| Author: | Copyright information

Negotiators from industrialized countries are working on a Multilateral Agreement on Investment (MAI) that would deregulate global investment practices. International corporations support the MAI because it would increase their power enormously.

Since 1995, negotiators from the world's twenty-nine richest countries have been meeting regularly in Paris with almost no public scrutiny to draft what the director of the World Trade Organization calls "the constitution of a single global economy." But James Madison wouldn't recognize any kinship between his work and the Multilateral ...

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