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I think that the oil companies have shown that they are quite pragmatic. ... Venezuela had quite a large increase in royalties, and they are still there and still investing
Ecuador rethinks oil strategy Oct 03, 2008
The Cato study grouped countries by criteria they thought were important for their own ideological reasons
Growth slowed in poor nations, says report Aug 19, 2002
Mark Weisbrot is an American economist, columnist and co-director, with Dean Baker, of the Center for Economic and Policy Research (CEPR) in Washington, D.C. As a commentator, he contributes to publications such as the New York Times and The Guardian.
As an economist, Weisbrot has opposed privatization of the United States Social Security system and has been critical of globalization and the International Monetary Fund (IMF). He has supported efforts by South American governments to create a Bank of the South, in order to make them more independent of the IMF.
Weisbrot earned a Ph.D. in economics from the University of Michigan. In 1999, he co-founded, together with economist Dean Baker, the Center for Economic and Policy Research (CEPR), "to promote democratic debate on the most important economic and social issues that affect people's lives". Weisbrot is co-author, with Baker, of Social Security: The Phony Crisis (University of Chicago Press, 1999). In the book, Weisbrot and Baker argue that much of the United States Social Security debate has been based on misconceptions, that privatization would be unlikely to improve the system, and that the system in fact performs satisfactorily and does not need fixing.