From Bolivia to Sri Lanka, countries fed up with the IMF-driven debt-austerity cycle and bullying by the U.S.-led bloc are beginning to assert their own agendas, writes Vijay Prashad.
In Fiona Hill’s recent speech it’s possible to detect the very faint signals of Washington’s policy elite responding to the immense global power shift that is underway.
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.
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.
Alternative sources of financing are beginning to empower poorer nations in the Global South to pursue projects grounded in genuine development theory, writes Vijay Prashad.
The Brazilian president is joined by a major delegation this week as more than 20 agreements are expected to be signed with the Amazon country’s largest trading partner.
An economist digging below the surface of an IMF report has found something that should shock the Western bloc out of any false confidence in its unsurpassed global economic clout.
The United States remains a powerful country, but it has not come to terms with the immense changes taking place in the world order, writes Vijay Prashad.
The U.S. abused its providential anointment as the exceptional nation, writes Robert Freeman. That abuse has been recognized, called out and is now being acted against by most of the other nations of the world.