Challenging Global Finance International Political Economy Series General Editor: Timothy M. Shaww, Professor and Director, Institute of International Relations, The University of the West Indies, Trinidad & Tobago Titles include: Francis Adams, Satya Gupta and Kidane Mengisteab (editors) GLOBALIZATION AND THE DILEMMAS OF THE STATE IN THE SOUTH Susan Dicklitch THE ELUSIVE PROMISE OF NGOs IN AFRICA: Lessons from Uganda Elizabeth Friesen CHALLENGING GLOBAL FINANCE: Civil Society and Transnational Networks John Harriss, Kristian Stokke and Olle Törnquist (editors) POLITICISING DEMOCRACY: The New Local Politics of Democratisation David Hulme and Michael Edwards (editors) NGOs, STATES AND DONORS: Too Close for Comfort? Gordon Laxer and Sandra Halperin (editors) GLOBAL CIVIL SOCIETY AND ITS LIMITS Staffan Lindberg and Árni Sverrisson (editors) SOCIAL MOVEMENTS IN DEVELOPMENT: The Challenge of Globalization and Democratization Laura Macdonald SUPPORTING CIVIL SOCIETY: The Political Role of Non-Governmental Organizations in Central America Kurt Mills HUMAN RIGHTS IN THE EMERGING GLOBAL ORDER: A New Sovereignty Michael G. Schechter (editorr) THE REVIVAL OF CIVIL SOCIETY: Global and Comparative Perspectives Hans Peter Schmitz TRANSNATIONAL MOBILIZATION AND DOMESTIC REGIME CHANGE: Africa in Comparative Perspective J. W. Wright, Jr. (editorr) STRUCTURAL FLAWS IN THE MIDDLE EAST PEACE PROCESS: Historical Contexts International Political Economy Series Series Standing Order ISBN 978–0–333–71708–0 hardcover Series Standing Order ISBN 978–0–333–71110–1 paperback (outside North America onlyyy) You can receive future titles in this series as they are published by placing a standing order. Please contact your bookseller or, in case of difficulty, write to us at the address below with your name and address, the title of the series and one of the ISBNs quoted above. Customer Services Department, Macmillan Distribution Ltd, Houndmills, Basingstoke, Hampshire RG21 6XS, England Challenging Global Finance Civil Society and Transnational Networks Elizabeth Friesen Lecturer in Political Science, Carleton University, Canada © Elizabeth Friesen 2012 Softcover reprint of the hardcover 1st edition 2012 978-0-230-34879-0 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6–10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The author has asserted her right to be identified as the author of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2012 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN 978-1-349-34581-6 ISBN 978-0-230-36830-9 (eBook) DOI 10.1057/9780230368309 This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. Logging, pulping and manufacturing processes are expected to conform to the environmental regulations of the country of origin. A catalogue record for this book is available from the British Library. A catalog record for this book is available from the Library of Congress. 10 9 8 7 6 5 4 3 2 1 21 20 19 18 17 16 15 14 13 12 Contents List of Figures vi List of Abbreviations vii Acknowledgements x 1 Introduction 1 2 Power and Resistance 19 3 T ransnational Civil Society and the Campaign for the Cancellation of Third World Debt 39 4 The World Economic Forum as a Site of Contestation 92 5 Conclusion 157 Notes 176 Selected References and Interviews 181 Index 215 v Figures 2.1 Boomerang politics 36 3.1 Classic boomerang politics 85 3.2 Boomerang politics, variation 1 85 3.3 Boomerang politics, variation 2 86 3.4 Boomerang politics, variation 3 86 4.1 Boomerang politics, variation 4 146 vi Abbreviations AFL–CIO American Federation of Labor and Congress of Industrial Organizations AIDS acquired immune deficiency syndrome ASEM Asia Europe Meeting ATTAC Association for the Taxation of Financial Transactions and for Citizen’s Action or Association pour la taxation des transactions financières et pour l’action citoyenne BBC British Broadcasting Corporation BIS Bank for International Settlements CADTM Committee for the Cancellation of the Third World Debt or Comité pour l’annulation de la Dette du Tiers Monde CAFOD Catholic Fund for Overseas Development – later Catholic Agency for Overseas Development CBC Canadian Broadcasting Corporation CCCB Canadian Conference of Catholic Bishops CEDETIM Centre d’études du Tiers Monde CEJI Canadian Ecumenical Jubilee Initiative, later Kairos: Canadian Ecumenical Justice Initiative CIIR Catholic Institute for International Relations CoC Center of Concern CRID Centre de Recherche et d’information pour le Développement CSO Civil Society Organization DAC Development Assistance Committee DATA Debt AIDS Trade Africa, Dette Dette et Développement Development GAP Development Group for Alternative Policies ESAF Enhanced Structural Adjustment Facility EU European Union EURODAD European Network on Debt and Development FOE Friends of the Earth FONDAD Forum on Debt and Development G20 Group of Twenty G-24 Group of Twenty-Four vii viii List of Abbreviations GCAP Global Call to Action against Poverty GCR Global Competitiveness Report GLT Global Leaders for Tomorrow HI Halifax Initiative HIPC Heavily Indebted Poor Country HIV human immunodeficiency virus ICFfD I nternational Conference on Financing for Development IFG International Forum on Globalization IFIwatchnet International Financial Institutions Watchnet IIE Institute for International Economics IIF Institute of International Finance IPS Institute for Policy Studies IMD Institute for Management Development IMF International Monetary Fund MAI Multilateral Agreement on Investment MDGs Millennium Development Goals MDRI Multilateral Debt Relief Initiative NAFTA North American Free Trade Agreement NEF New Economics Foundation NGLS United Nations Non-Governmental Liaison Service NGO nongovernmental organization NSI North-South Institute OAU Organization of African Unity OECD Organization for Economic Cooperation and Development OSI Open Society Institute PGA Peoples’ Global Action RBWC Reinventing Bretton Woods Committee RIFI Réseau pour la Réforme des Institutions Financières Internationales SAF Structural Adjustment Facility SAP Structural Adjustment Program SAPRI Structural Adjustment Participatory Review Initiative SAPRIN S tructural Adjustment Participatory Review International Network TEARfund The Evangelical Alliance Relief Fund TOES The Other Economic Summit TNI Transnational Institute UDN Uganda Debt Network UN United Nations List of Abbreviations ix UNCTAD United Nations Conference on Trade and Development UNDP United Nations Development Program UNICEF United Nations Children’s Fund WB World Bank WCC World Council of Churches WDM World Development Movement WCR World Competitiveness Report WEA World Evangelical Alliance WEED World Economy, Ecology and Development or Welwirschaft, Okologie & Entwicklung WEF World Economic Forum WSF World Social Forum WTO World Trade Organization