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 <title>Hokkaido | ukwatch.net</title>
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 <description>Recent articles by watch area on ukwatch.net</description>
 <language>en</language>
<item>
 <title>Environmental Groups Slam G8 Leaders</title>
 <link>http://www.ukwatch.net/article/environmental_groups_slam_g8_leaders</link>
 <description>&lt;p&gt;&lt;em&gt;In Japan, world leaders at the G8 summit have announced they would work toward cutting carbon emissions by at least 50 percent by 2050. The White House hailed the declaration as a major step forward, but environmental campaigners criticized the lack of a commitment to midterm targets. Global warming ties into other big themes, such as soaring food and fuel prices, being discussed at the three-day summit. We go to Hokkaido to speak with Walden Bello of Focus on the Global South.&lt;/em&gt;&lt;/p&gt;
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&lt;p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;AMY&lt;/span&gt; GOODMAN: &lt;/b&gt;G8 leaders say they will set a global target of cutting carbon emissions by at least 50 percent by the year 2050 in an effort to tackle climate change. In a statement released during a summit in northern Japan, the Group of Eight leaders agreed they would need to set midterm goals to achieve that “shared vision” by 2050 but gave no numerical targets.&lt;/p&gt;
&lt;p&gt;
&lt;p&gt;The White House hailed the G8 declaration as a major step forward and said it was a validation of President Bush’s global warming policy. But environmental campaigners slammed the lack of a commitment to midterm goals. Greenpeace International called it a “complete failure of responsibility,” and &lt;span class=&quot;caps&quot;&gt;WWF&lt;/span&gt; said the target date of 2050 was insufficient and the lack of progress “pathetic.”&lt;/p&gt;
&lt;p&gt;
&lt;p&gt;Global warming ties into other big themes such as soaring food and fuel prices being discussed at the three-day summit. Leaders from the G8 nations&amp;#8212;Britain, Canada, France, Germany, Italy, Japan, Russia and the United States&amp;#8212;are being joined by counterparts from some fifteen other countries. The gathering is taking place at a plush mountaintop hotel on the northern Japanese island of Hokkaido, where 21,000 police have been mobilized. Despite the crackdown, protests have been occurring for days in the lead-up to the summit.&lt;/p&gt;&lt;/p&gt;
&lt;p&gt;
&lt;ul&gt;&lt;P&gt;&lt;b&gt;&lt;span class=&quot;caps&quot;&gt;RENATO&lt;/span&gt; REYES: &lt;/b&gt;We&amp;#8217;re here in solidarity with our Japanese friends who are standing up against the G8. We feel very strongly about this issue, especially since the poverty happening in the Philippines right now is really bad. The oil crisis, the fuel crisis and the war on terror has really affected many of our countrymen. &lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;KIM&lt;/span&gt; &lt;span class=&quot;caps&quot;&gt;HEUNG&lt;/span&gt; HYUN: &lt;/b&gt;[translated] What I’d like to say most is that food should not be used as a political tool. If you allow it to happen, food could eventually be a weapon. The important thing is for each country to maintain agricultural self-sufficiency. &lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;MASUYUKI&lt;/span&gt; TOMITA: &lt;/b&gt;[translated] This is a meeting by world thieves. They, the G8 countries, are causing all the current problems, such as environment destruction and food crisis. That is why I am against them. &lt;/ul&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;AMY&lt;/span&gt; GOODMAN: &lt;/b&gt;The G8 summit wraps up Wednesday. We go now to Japan to speak with Walden Bello, senior analyst at Focus on the Global South. He joins us on the phone from Hokkaido. Welcome to &lt;i&gt;Democracy Now!&lt;/i&gt;, Walden. &lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;WALDEN&lt;/span&gt; BELLO: &lt;/b&gt;Hi, Amy, yes. The line is a bit choppy, but I hope I can hear you and you can hear me. &lt;/p&gt;
&lt;p&gt;&lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;AMY&lt;/span&gt; GOODMAN: &lt;/b&gt;Can you describe what is happening? First, your response to the stated set of goal, 2050, to cut carbon emissions by 50 percent? &lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;WALDEN&lt;/span&gt; BELLO: &lt;/b&gt;Yes, I think that, you know, this has been sold as a big thing, but it’s really not, and it’s, in fact, quite backward, because the US in fact killed the efforts to have in the declaration in Bali last&amp;#8212;during the summit over, that, you know, 25 to 40 percent of greenhouse gas emissions should be cut by 2020. And the consensus right now is that you have to have at least an 80 percent cut in greenhouse gas emissions by 2050. So this is really a low target. And this was really an effort to basically please the United States. And the thing about this also is that the US is subverting the UN process, because he’s put this within the context of another rival grouping called the Major Economies Meeting, which is a US effort to parallel the Kyoto UN framework process. So this is bad news. &lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;AMY&lt;/span&gt; GOODMAN: &lt;/b&gt;Walden Bello, can you talk about the activists who tried to get in? There are 21,000 Japanese police there. &lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;WALDEN&lt;/span&gt; BELLO: &lt;/b&gt;Could you repeat that, Amy? The line’s a bit choppy here. &lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;AMY&lt;/span&gt; GOODMAN: &lt;/b&gt;Can you talk about the difficulty of activists trying to get in to protest the G8 in Japan? &lt;/p&gt;&lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;WALDEN&lt;/span&gt; BELLO: &lt;/b&gt;I&amp;#8212;wow, you know, that really didn’t come across. The difficulties of what now? &lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;AMY&lt;/span&gt; GOODMAN: &lt;/b&gt;Of the protesters getting into Japan, getting to Hokkaido? &lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;WALDEN&lt;/span&gt; BELLO: &lt;/b&gt;Oh, wow, I can’t&amp;#8212;I couldn’t get that. I couldn’t get that. I’m terribly sorry. It came up as very, very unclear.&lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;AMY&lt;/span&gt; GOODMAN: &lt;/b&gt;We’ll have the producer ask you the question. We&amp;#8217;re talking to Walden Bello, senior analyst, Focus on the Global South, joining us on the line from Hokkaido. We’ll go to a break, and we’ll come back, and we’ll clear up the phone line. Stay with us.&lt;/p&gt;
&lt;p&gt;[break]&lt;/p&gt;&lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;AMY&lt;/span&gt; GOODMAN: &lt;/b&gt;We go back now to Walden Bello. He’s speaking to us from the Japanese island of Hokkaido. He’s senior analyst at the Focus on the Global South. And we hope the phone line has cleared up. Walden Bello, I was asking about the difficulty activists had of getting to the G8 summit. &lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;WALDEN&lt;/span&gt; BELLO: &lt;/b&gt;Oh, yes. Well, they’re following the example of Singapore, which is to really screen people and not admit people that are, you know, people who have been longtime activists in these issues. And, you know, like it’s&amp;#8212;these twenty-four Koreans who were here, they were held for about, you know, over twenty-four hours and then sent back. And many others did not receive their visas on time. And, of course, many of us who came through already had visas, we were pulled aside and subjected to heavy questioning. So this is what we call really the&amp;#8212;Japan following Singapore’s policy of really, you know, restricting the entry of people associated with social movements. And this is a very, very bad precedent, because, in fact, in terms of&amp;#8212;I’ve been in quite a number of summits of the G8, and I would say that, in terms of border controls, this is the worst so far. &lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;AMY&lt;/span&gt; GOODMAN: &lt;/b&gt;Can you talk about the people who were actually prevented from getting in, like Susan George? &lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;WALDEN&lt;/span&gt; BELLO: &lt;/b&gt;Well, Susan George, you know, was able to come in, and&amp;#8212;but she was questioned for about, I believe, four hours in a small windowless room. And so, this&amp;#8212;and Lydinyda Nacpil of the Jubilee South, for instance, the anti-debt coalition, was questioned for about three-and-a-half hours. And basically, this is&amp;#8212;you know, this is harassment. So, you know, this is Japan on sort of a security footing that is really quite a departure from previous policies with respect to the entry of activists. &lt;/p&gt;
&lt;p&gt;&lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;AMY&lt;/span&gt; GOODMAN: &lt;/b&gt;Walden Bello, can you talk about the food crisis? &lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;WALDEN&lt;/span&gt; BELLO: &lt;/b&gt;Well, you know, it’s said to be&amp;#8212;the agenda here is said to include the food crisis, but people are not really expecting anything to come out, because the G8 countries really don’t&amp;#8212;or the G8 governments really don’t know how to deal with this problem, because, you know, it’s been something that’s been caused by their policies. Now, certainly the diversion of corn to biofuel production from food is a cause, one of the causes, of the sharp rise in food prices. But we’ve got to see this in a longer-term perspective, that basically the policies of World Bank and &lt;span class=&quot;caps&quot;&gt;IMF&lt;/span&gt; structural adjustment and WTO-, World Trade Organization-mandated liberalization basically destroyed the capacity of so many developing countries to be self-sufficient producers. It turned them into net importers of food, and then they were made into dumping ground for highly subsidized food commodities from the European Union and the United States. So this is the sort of already weakened agricultural economies in which the biofuel diversion took effect. So the weakening of these economies really began with G8-supported free market structural adjustment policies. &lt;/p&gt;
&lt;p&gt;So, this is why the G8 governments really don’t have, you know, a solution for this, except platitudes, to say that they&amp;#8217;re going to help increase food production. Some of them have been talking about supporting a new green revolution based on genetically modified organisms, seeds, in Africa. You know, so it’s all these real techno fixes, which are dangerous in the case of so-called green revolutions on genetic engineering. So this is really the wall, you know, that the G8 faces. They&amp;#8212;it’s a problem of their creation, and they don’t really have any solutions for it. &lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;AMY&lt;/span&gt; GOODMAN: &lt;/b&gt;Walden Bello, we reported yesterday that &lt;i&gt;The Guardian&lt;/i&gt; newspaper obtained an unpublished World Bank report that found biofuels have caused world food prices to increase by 75 percent. The report apparently was finished in April but reportedly not published in order to avoid embarrassing the United States, which has claimed plant-derived fuels have pushed up prices by only three percent. The report found biofuels have distorted food markets by diverting grain away from food for fuel, encouraging farmers to set aside land for its production and sparked financial speculation on grains. &lt;/p&gt;
&lt;p&gt;&lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;WALDEN&lt;/span&gt; BELLO: &lt;/b&gt;Yes, definitely. I think that is a very critical report, and I think this just goes to show how the World Bank essentially follows, you know, the concerns and lead of the United States here. So, I mean, if it were a really transparent institution, they should have come out with that. &lt;/p&gt;
&lt;p&gt;And what I’m&amp;#8212;I guess what I’m trying to say is that the weakening&amp;#8212;you know, the biofuel diversion has certainly been a very big factor behind the food crisis, but that this occurred within the context of already weakened economies that had been destroyed by the imposition of free market policies. So we’ve seen that over the last twenty to twenty-five years, from Africa to Latin America to Asia, self-sufficient economies have been turned into import-dependent economies. And it is those countries that&amp;#8212;for instance, like Mexico, you know&amp;#8212;that have become&amp;#8212;made dependent on corn imports from the United States. They are the ones suffering now very greatly the impact of this diversion of corn from food to biofuel, because they&amp;#8217;re dependent on corn imports from the US. Now, that dependency was created in the first place&amp;#8212;and this is the sort of total context, this is the sort of comprehensive view that we need to have in order to be&amp;#8212;to really understand the causes of the agricultural crisis. &lt;/p&gt;
&lt;p&gt;&lt;P&gt;&lt;B&gt;&lt;span class=&quot;caps&quot;&gt;AMY&lt;/span&gt; GOODMAN: &lt;/b&gt;Walden Bello, I want to thank you for being with us, senior analyst at Focus on the Global South, speaking to us from the Japanes island of Hokkaido, where the G8 are meeting and thousands of activists have come out to protest.&lt;/p&gt;
&lt;/p&gt;


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 <comments>http://www.ukwatch.net/article/environmental_groups_slam_g8_leaders#comments</comments>
 <category domain="http://www.ukwatch.net/watch_area/activism">Activism</category>
 <category domain="http://www.ukwatch.net/watch_area/ecology/science">Ecology/Science</category>
 <category domain="http://www.ukwatch.net/watch_area/g8">G8</category>
 <category domain="http://www.ukwatch.net/tags/biofuels">biofuels</category>
 <category domain="http://www.ukwatch.net/tags/environment">environment</category>
 <category domain="http://www.ukwatch.net/tags/food_crisis">Food Crisis</category>
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 <category domain="http://www.ukwatch.net/author/walden_bello">Walden Bello</category>
 <pubDate>Sat, 12 Jul 2008 20:40:20 +0000</pubDate>
 <dc:creator>Ellie Keen</dc:creator>
 <guid isPermaLink="false">6143 at http://www.ukwatch.net</guid>
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<item>
 <title>Civil Society’s Choice at the G8 Summit</title>
 <link>http://www.ukwatch.net/article/civil_society%E2%80%99s_choice_at_the_g8_summit</link>
 <description>&lt;h2&gt;The Road of Genoa or the Road of Gleneagles?&lt;/h2&gt;
&lt;p&gt;The Group of Eight came into being in 1975 as the G7 at a time that the world was embroiled in deep economic crisis, much like today.  Its main aim was to coordinate the macroeconomic policies of the rich countries at a time of stagflation as well as to forge a common strategy vis-a-vis the developing world, which had loosened its political and economic dependency on the First World during the heady days of decolonization, national liberation struggles, and the emergence of the Organization of Petroleum Exporting Countries (&lt;span class=&quot;caps&quot;&gt;OPEC&lt;/span&gt;) as an economic power.&lt;/p&gt;
&lt;p&gt;The G7 were not successful in coordinating their policies, with the US under Ronald Reagan aggressively pursuing a cheap dollar policy that brought on recession in Germany and Japan.  They did, however, come together in a united front against the developing countries, putting their weight behind the neoliberal structural adjustment policies imposed by the World Bank and &lt;span class=&quot;caps&quot;&gt;IMF&lt;/span&gt; on more than 90 developing and transition (post-socialist) economies.  The structural adjustment programs rolled back the economic gains achieved by the South in the 1950’s and 1960’s.&lt;/p&gt;
&lt;p&gt;In the 1990’s, the G7 became the main promoters of corporate-driven globalization, for which the road had been paved by the radical deregulation, radical liberalization, and radical privatization that took place in developing countries under structural adjustment.  The G7 also provided strong support for the World Trade Organization (&lt;span class=&quot;caps&quot;&gt;WTO&lt;/span&gt;) as the main agency for the process global trade and investment liberalization demanded by their corporations.&lt;/p&gt;
&lt;p&gt;The late 1990’s, however, brought about, not the increasing prosperity for all promised by neoliberal, pro-market policies but rising absolute poverty, increasing inequality, and the consolidation of economic stagnation in the South.  The collapse of the third ministerial of the &lt;span class=&quot;caps&quot;&gt;WTO&lt;/span&gt; in Seattle in December 1999 marked the achievement of a critical mass by the forces of opposition created by the contradictions of globalization.&lt;/p&gt;
&lt;p&gt;With the realities of globalization exposed, the summits of the G7—now G8 with the incorporation of Russia—became a lightning rod for the rising global opposition.  At the G8 Summit in Genoa in June 2001, three hundred thousand people came together under the uncompromising program of “No to the G8.”  The battle lines were clearly drawn, with the Italian police or carabineri contributing immensely to polarization by erupting in a riot that took the life of one activist and injured scores of others.&lt;/p&gt;
&lt;p&gt;Elements within the G8 realized that the image of being a hegemonic directorate of globalization was not good for the future of the body.  Led by the New Labor government of Tony Blair and Gordon Brown in Britain, the G8 underwent a facelift.  A new discourse was forged, the key substantive elements of which were debt forgiveness for the poorest countries, the raising of aid levels to 0.7 per cent of the &lt;span class=&quot;caps&quot;&gt;GDP&lt;/span&gt; of the G8 countries, a massive aid package for Africa, making trade serve development, and tackling climate change.  The new watchwords when it came to process were “partnership,” “consultation,” “global social integration,” and the “millennium development goals.”  The battle was for the soul of global civil society.  The high point of this new look was the Gleneagles Summit in 2005, which was choreographed by an alliance between the Labor Government, entertainment superstars Bob Geldof and Bono, and influential British NGO’s.  Several hundred thousand people who journeyed to Scotland found themselves manipulated into becoming a chorus for the glittering Aid for Africa concerts that were staged simultaneously in different parts of the globe.&lt;/p&gt;
&lt;p&gt;By the time 2007 came along, the glitter was gone.  The idea of global civil society partnering with the G8 had soured as none of the G8 governments reached the 0.7 of &lt;span class=&quot;caps&quot;&gt;GDP&lt;/span&gt; target, aid to Africa fell short of the $20 billion promised at Gleneagles, the “Doha Development Round” had become a big joke, and serious action on climate was nowhere to be seen.  Instead, the G8 communique at the Heiligendamm or Rostock Summit emphasized techno-fixes for climate change, lectured developing countries about not restricting investment by transnational corporations, and issued a thinly veiled warning about China getting preferential access to raw materials in Africa.  Under the leadership of civil society in Germany, militant denunciation and confrontation of the G8 was the preferred civil society response, with thousands of demonstrators trying to penetrate the site of the leaders’ meeting to shut it down.  With the dominant cry being “G8—Get out of the way,” the Heiligendamm protests retrieved the militant tradition of Genoa that had been suppressed at Gleneagles.&lt;/p&gt;
&lt;p&gt;So we come to the G8 Summit here in Hokkaido, Japan.  We have not only in Bush, Sarkozy, Brown, and Fukuda a group of discredited leaders with very low ratings at the polls in their own countries.  We have as well a G8 that is, more than ever, lacking in legitimacy as the typhoon unleashed by the project of globalization that it has promoted is wracking the globe in the form of the simultaneous crises of skyrocketing oil prices, rising food prices, global financial collapse, and worsening climate change.  Against this backdrop, Japanese and Asian social movements are faced with the choice of taking either the Road of Genoa or the Road of Gleneagles—that is, to deepen the G8’s crisis of legitimacy or, as in Gleneagles, to salvage the G8 once again. The greatest gift that the Japanese movement can give to global civil society is by leading the struggle to make the Hokkaido Summit the final summit of the G8.&lt;/p&gt;
&lt;p&gt;&lt;em&gt;Walden Bello is president of the Freedom from Debt Coalition and senior analyst of Focus on the Global South.&lt;/em&gt;&lt;/p&gt;


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 <category domain="http://www.ukwatch.net/taxonomy/term/3051">Waldon Bello</category>
 <pubDate>Thu, 10 Jul 2008 00:50:07 +0000</pubDate>
 <dc:creator>Ellie Keen</dc:creator>
 <guid isPermaLink="false">6131 at http://www.ukwatch.net</guid>
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<item>
 <title>G8 summit marked by impotence and division</title>
 <link>http://www.ukwatch.net/article/g8_summit_marked_by_impotence_and_division</link>
 <description>&lt;p&gt;Facing what is arguably its most serious crisis since the end of the Second World War, the global capitalist economy has never been in greater need of co-ordinated policies from the world’s major national governments.&lt;/p&gt;
&lt;p&gt;But unity and collaboration in the face of the mounting problems posed by climate change, oil and food price hikes and the ever-present threat of recession, have been conspicuously absent from the meeting of the G8 major industrial nations being held in Hokkaido, Japan, this week.&lt;/p&gt;
&lt;p&gt;Nowhere were the divisions more apparent than in yesterday’s statement on climate change. After much behind the scenes negotiations, the G8 meeting finally agreed to a communiqué in which the major industrial powers agreed to a “vision” of “achieving at least 50 percent reduction of global emissions by 2050.” However, in order to secure agreement from US President George Bush, who has refused to name any target in the absence of commitments from India and China, the statement added a rider “recognising that this global challenge can only be met by a global response, in particular, by the contributions from all major economies.”&lt;/p&gt;
&lt;p&gt;The statement was dismissed by scientists as lagging far behind what was needed to arrest global climate change.&lt;/p&gt;
&lt;p&gt;“They could have made progress here by being more specific on the near-term commitments that industrialised countries were willing to make to reduce their own emissions, but they don’t have agreement on that,” Aiden Meyer, a spokesman for the Union of Concerned Scientists, said.&lt;/p&gt;
&lt;p&gt;“They could have been more specific on reductions by 2050 from what base year, but they don’t have agreement on that.”&lt;/p&gt;
&lt;p&gt;James Hansen, a leading climate scientist at NASA’s Goddard Institute for Space Studies in New York, said it was “a pretence that [industrialised nations] understand the problem. In reality, they are taking actions that guarantee that we deliver to our children climate catastrophes that are out of their control.”&lt;/p&gt;
&lt;p&gt;The G8 statement failed to make any commitment on emission reductions over the next decade, action that is regarded as vital. The chairman of the UN’s panel of climate scientists, Rajendra Pachauri, said “very vital details” were missing from the statement. “The sooner we start reducing emissions, the greater the likelihood of avoiding some of the more serious impacts and temperature increases that are going to take place a decade or so down the road,” he said.&lt;/p&gt;
&lt;p&gt;The statement was met with immediate criticism from the G5 group of so-called developing countries—Brazil, China, India, South Africa and Mexico—that are scheduled to meet with G8 today.&lt;/p&gt;
&lt;p&gt;“Responsibility shouldn’t fall on developing countries for what is an unavoidable responsibility of developed nations,” said Mexican president Felipe Calderon.&lt;/p&gt;
&lt;p&gt;South Africa’s environment minister Marthinaus van Schalkwyk called the G8 statement an “empty slogan without substance.”&lt;/p&gt;
&lt;p&gt;“While the statement may appear as a movement forward, we are concerned that it may, in effect, be a regression from what is required to make a meaningful contribution to meeting the challenges of climate change. To be meaningful and credible, a long-term goal must have a base year. It must be underpinned by ambitious mid-term targets and actions,” he said.&lt;/p&gt;
&lt;p&gt;In any case, even if such commitments were made, they would not prove any more substantial than those made on world poverty. Three years ago, amid great fanfare at the Gleneagles meeting in Scotland, the G8 leaders agreed to increase aid to Africa by $25 billion by the year 2010. As the Hokkaido meeting was being convened it was revealed that a mere 14 percent of the target had been met.&lt;/p&gt;
&lt;h3&gt;World economy&lt;/h3&gt;
&lt;p&gt;The G8’s commitments on the world economy were no more specific than those on climate change. The organisation was set up in 1975 to develop co-ordinated action to meet the problems posed by recession and the financial turmoil resulting from the oil price shock of 1973-74. Three and a half decades on, with the world economy facing what the International Monetary Fund has designated as the most serious financial crisis since the Great Depression, such action would seem to be in order.&lt;/p&gt;
&lt;p&gt;But the G8 statement contained no concrete measures. After noting that the world economy is facing “uncertainty” as “downside risks persist” and expressing “strong concern about elevated commodity prices, especially oil and food,” the statement went on to assert that “we are determined to continuously take appropriate actions, individually and collectively to ensure stability and growth in our economies and globally.”&lt;/p&gt;
&lt;p&gt;It contained a veiled call to the Chinese government to allow an upward movement in the exchange rate of the yuan in order to alleviate global imbalances.&lt;/p&gt;
&lt;p&gt;“In some emerging economies with large and growing current account surpluses,” the statement declared, “it is crucial that their effective exchange rates move so that necessary adjustment will occur.” The inclusion of the word “some” marked a change from the communiqué last year, which simply referred to “emerging economies” in general.&lt;/p&gt;
&lt;p&gt;The exchange rate issue is only a symptom of more deep-seated problems. A spokesman for Bush declared at the outset of the meeting that the president was in favour a “strong dollar”. However, that would necessitate a rise in US interest rates, a move that would almost certainly set off a new financial crisis in the US and globally. On the other hand, an increase in the value of the dollar would require a lowering of interest rates in other regions, especially in the eurozone. But rather than cutting rates the European Central Bank is maintaining a relatively tight monetary policy in order to combat global inflationary pressures.&lt;/p&gt;
&lt;p&gt;The impotence of the G8 is not a product of the individual leaders and governments but the expression of vast changes in the world economy. As the Financial Times noted in a comment published on Monday, the G8 is not master of its own destiny but is being buffeted by “forces and policies from elsewhere.”&lt;/p&gt;
&lt;p&gt;“While the G8 accounts for almost half the world’s economic output, developing and emerging economies produce 70 percent of economic growth. Their dynamism outweighs the G8’s size. And by dint of its 10 percent growth rates, China alone contributes as much to the world’s economic growth every year as the US.”&lt;/p&gt;
&lt;p&gt;The slippage of the “leading industrial nations,” as the members of the G8 like to designate themselves, is illustrated by the economic decline of the United States. As a comment published last Thursday by Bloomberg News noted: “The dollar’s 41 percent drop against the euro during Bush’s term writes the economic epitaph of an administration that set out to restore American pre-eminence.”&lt;/p&gt;
&lt;p&gt;An even more scathing comment, authored by the well-known British historian and journalist Max Hastings, was published in the Guardian on Monday.&lt;/p&gt;
&lt;p&gt;The gathering in Hokkaido, he began, conjured up images of a political accident and emergency ward on a Saturday night.&lt;/p&gt;
&lt;p&gt;“President Bush, leader of the greatest nation on earth, is discredited and almost time-expired. Gordon Brown leads a government most of whose own members want him to disappear into a hole. Silvio Berlusconi presides over a gangster culture that renders it impossible for Italy to present a serious face to world. Nicolas Sarkozy should enjoy the prestige of a French president secure in office until 2012, but he has grievously injured his own power base by his first-year antics. Russia’s new president Dmitry Medvedev, may well add up to nothing, in the absence of Vladmir Putin to tell him what to think.”&lt;/p&gt;
&lt;p&gt;Hastings’ concern over the state of the world’s political leadership was prompted by the fact that the G8 was charged with addressing the “gravest issues of modern times”, including the “shocking evidence on climate change”, world poverty and the economic slowdown in the wake of soaring energy and food prices.&lt;/p&gt;
&lt;p&gt;However, it was becoming more difficult to “mobilise an international quorum in support of any objective, however worthy and important.” This was a reflection not only of the loss of authority by the US but was also a consequence of “globalism, which makes it ever harder for any nation to forge a consensus in support of decisive action”.&lt;/p&gt;
&lt;p&gt;Things had been much easier for capitalist societies in the Cold War era “when it was perceived as essential to follow strong US leadership”. Hastings forecast that the “global predicament” would have to get a “great deal worse” before the members of bodies such as the G8 “acknowledge that common action against shared perils must transcend the familiar, disastrously outdated pursuit of national interests.”&lt;/p&gt;
&lt;p&gt;Hastings’ hope that global events will alert world leaders to the dangers of the unfettered pursuit of national interest—rather in the manner of an English schoolmaster knocking sense into a class of rowdy students—is completely misplaced. As the current G8 meeting demonstrates, far from bringing greater international unity and co-operation, the global economic and environmental problems will bring greater national divergence and conflict among the capitalist powers.&lt;/p&gt;
&lt;p&gt;This is because the divisions are not the product of individual politicians or the result of lack of knowledge or understanding but are rooted in the very nation-state structure of the world capitalist order.&lt;/p&gt;


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 <comments>http://www.ukwatch.net/article/g8_summit_marked_by_impotence_and_division#comments</comments>
 <category domain="http://www.ukwatch.net/watch_area/business/economy">Business/Economy</category>
 <category domain="http://www.ukwatch.net/watch_area/g8">G8</category>
 <category domain="http://www.ukwatch.net/watch_area/international">International</category>
 <category domain="http://www.ukwatch.net/tags/capitalism">capitalism</category>
 <category domain="http://www.ukwatch.net/tags/climate_change">climate change</category>
 <category domain="http://www.ukwatch.net/tags/globalisation">globalisation</category>
 <category domain="http://www.ukwatch.net/taxonomy/term/3049">Hokkaido</category>
 <category domain="http://www.ukwatch.net/taxonomy/term/3050">Nick Beams</category>
 <pubDate>Wed, 09 Jul 2008 00:00:00 +0000</pubDate>
 <dc:creator>Ellie Keen</dc:creator>
 <guid isPermaLink="false">6130 at http://www.ukwatch.net</guid>
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