As part of their concern about “currency power,” many countries in the Global South are eager to develop non-dollar trade and investment systems, writes Vijay Prashad.
The Petrodollar’s Long Goodbye
Tag: global South
Varoufakis: How to End ‘Global Empire of Capital’
In the face of climate catastrophe and a rising risk of nuclear war, Greece’s former finance minister says the global ruling class are “doing their best to push humanity over both cliffs at once.”
COP27: Loss & Damage Deal, But No Fossil Fuel Phaseout
Despite a hard-fought victory on a developing world fund, campaigners said COP-27 failed to call for a phaseout of all fossil fuels.
COP27: The Debt Crisis Hanging Over Global Climate Meeting
Global South countries that are least responsible for the climate crisis are being forced to take on the devastating costs, writes Jerome Phelps.
The Geopolitics of Inequality
The geopolitics of inequality persist, writes Vijay Prashad, even though industrial production has moved from the Global North to the Global South.
War Is No Answer to Insecurity
Old habits continue to dominate in Washington, which has long sought nuclear primacy to negate the theory of détente, writes Vijay Prashad.
The System Is Causing Food Crisis, Not the War
Small farmers are the world’s primary food providers. Adele says it’s imperative for policymakers to listen to them, not the big corporates.
Staying Out of a New Trade Cold War
With big powers clashing over trade policies, Jomo Kwame Sundaram and Anis Chowdhury say developing countries should remain “non-aligned.”
The Dangerous US Opposition to Eurasian Integration
Washington and its allies seek either to remain hegemonic and weaken China and Russia or to erect a new Iron Curtain around these two countries, writes Vijay Prashad. Both approaches could lead to a suicidal military conflict.
The Architecture of Our Future
The anti-inflation policies driven by the U.S. and the Eurozone are not going to ease the burdens on the working class in their countries and certainly not in the debt-ridden Global South, writes Vijay Prashad.