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FOCUS ON INDIA (FOI) Issue: DECEMBER 2006. Vol. III. No. 12. |
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Tuesday, 26 December 2006 |
WE WISH OUR READERS A GREAT YEAR AHEAD!
As 2006 draws to a close, and we take stock of achievements and failures, from the point of view of the people of the world it has been an eventful year. At the closure of accounts, we have the defeat of Israel at the hands of the Lebanese people. Another significant plus was the reversal suffered by President Bush and the Republican Party in the US senate elections. Venezuelan President Hugo Chavez won a resounding victory (no surprises there) in the general elections paving the way for an intensification of his social revolution. Minutes after his victory Chavez told thousands of supporters braving the rain that 'this is the starting point of Venezuelas road to socialism'.
The Non Aligned Movement (NAM) received a shot in the arm at the Havana
summit, but it remains to be seen if Cuba's chairmanship of the
116-member organisation will see it forge an independent political and
economic geography in 2007. British Prime Minister Tony Blair
reluctantly admitted to blundering in the war on Iraq. On the trade
front, the impasse (since July 2006) at the Doha round of negotiations
puts a big question mark on the future of the World Trade Organisation.
US and EU corporate ambitions on the services and industrial tariffs
front are on hold till the deadlock is broken and March 2007 is the
expected crunch time. The Annual Meeting of the Bretton Woods twins in
Singapore was mired in controversy as prominent critics (including
Focus staff) were banned from organising counter events. Global civil
society was quick to respond and slammed all 3 culpable parties - the
Singapore Government, the International Monetary Fund and the World
Bank.
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