Amid a membership expansion, leaders of the bloc spoke out against sanctions, conditions on sovereign credit and dollar hegemony, Abdul Rahman reports.
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.
The rules of post-war Western economic development were premised on Washington’s domination and hierarchy, writes Anthony Pahnke. This is the history the U.S. president’s industrial policies repeat.
What happens when reality hits delusion? U.S. mythology and fantasy will remain resilient. Denial, doubling-down, scapegoating, recrimination and more audacious adventures are the instinctive responses, writes Michael Brenner.
Developed countries must take responsibility for the climate crisis they initiated by paying reparations to developing countries, writes Tapti Sen. There’s a number of ways they could do this.
This is an undemocratic body that uses its historical power to impose its narrow interests on a world that is in the grip of a range of more pressing dilemmas. writes Vijay Prashad.
Lower interest rates and longer-term paybacks that match the pace of underlying social progress are key to successful development finance, writes Jeffrey Sachs.
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.
Despite the millions more people in Africa — particularly women — now engulfed by extreme poverty after Covid, Vijay Prashad notes the absence of urgent phone calls between world capitals or emergency Zoom meetings between central banks.