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.
Nations now fashioning a post–Western world order appear to be abiding by the Five Principles espoused by China’s first and long-serving premier.
Steve Ellner says opposition to NATO’s stance on Ukraine has created fertile ground for the expansion of a bloc of non-aligned nations, now with a progressive possibly at the helm.
Old habits continue to dominate in Washington, which has long sought nuclear primacy to negate the theory of détente, writes Vijay Prashad.
As a piece of the new world order that is under construction, Putin’s trip to Tehran last week was of singular importance.