Category: Economy

Global South Aims to Fix the UN

Calls to reform the Security Council have been made many times in the past, but Ramzy Baroud says Beijing’s position is particularly important in both language and timing.

Austerity & a New Cold War With China

Vijay Prashad says the expanding IMF-driven debt crisis, which has converted the idea of “financing for development” into “financing for debt servicing,” bears watching while China waives debt to 17 African nations. 

The Poverty Trap

Lower interest rates and longer-term paybacks that match the pace of underlying social progress are key to successful development finance, writes Jeffrey Sachs.

Ukraine’s Big Mistake

From criminality during Perestroika and privatizations to the problem with Russia’s “imperialist war” designation, Natylie Baldwin discusses a wide range of subjects with the author of The Catastrophe of Ukrainian Capitalism.