The entire BRICS project is centred around the question of whether countries at the nether end of the neo-colonial system can break free through mutual trade and cooperation, writes Vijay Prashad.
Countries in Latin America, Africa and Asia emerged in the post-World War II era as appendages of a world system that they were unable to define or control, writes Vijay Prashad.
Vijay Prashad says that the report — apart from identifying the conflict between the unipolar and multipolar worlds, and showing concern over the metastasizing weapons industry — throws moral scaffolding over hard realities it can’t directly confront.
While most cases have been in the U.S., the Global South represents a growing portion, finds a report compiled by the U.N. Environment Program and the Sabin Center for Climate Change Law at Columbia University.
No effective general theoretical orientation has been provided to guide realistic and holistic development agendas, writes Vijay Prashad. And no outlines seem readily available for an exit from the permanent debt-austerity cycle.
A new World Bank report says hundreds of billions of dollars of subsidies to energy producers need to be used instead to “ensure a green and just transition.”
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 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 neoliberal system is deteriorating under the weight of numerous internal contradictions, historical injustices and lack of economic viability, writes Vijay Prashad.