A Currency Transaction Tax: A Stabilizing and Emancipating Mechanism The discourse of globalization spurs a cornucopia of confusion and controversy among scholars and pundits alike. The neo-liberal political elite, with steady and constant ideological pressure, is massaging globalization. The political elite have invested into multinational corporations, the power to leverage their political will in the global economy. Unfortunately, Economically Developed Countries (EDCs) exercise majority of power in international relations. In every round of trade negotiations …showed first 75 words of 4117 total…

…showed last 75 words of 4117 total…London: Zed Books, 2001. Pitts III, Joe W. "Inequality is no Myth" Foreign Affairs 81 (July/August 2002): 179-181. Reuters. U.S. Hits 47 with Charges in Forex Sting. By Daniel Bases , [Internet on-line] Availible from http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=3856123 [24 November 2003]. Stiglitz, Joseph. Globalization and its Discontents. New York: W.W. Norton & Company, 2002. UNDP. Millennium Development Goals: A Compact Among Nations to End Human Poverty. New York: Oxford University Press, 2003.