Across much of the Global South the old certainties of the IMF’s dogma of austerity models have evaporated. What replaces it must come from the people of Global South.
Vijay Prashad: Imagining a New Way
Tag: IMF
Vijay Prashad: Brain Capture
Since the 1990s, an invisible intellectual architecture has shaped what counts as legitimate economic thought, narrowing debate until it seems like there are no alternatives. Reversing this brain capture is an urgent task.
Vijay Prashad: Senegal on the Edge of Collapse
Burdened by decades of neocolonialism and corruption, Senegal faces an all-too-familiar dilemma faced by countries across the Global South: how to pursue sovereign development under the weight of debt.
Vijay Prashad: Migration Is About Neo-Colonialism
In 2024, there were 304 million — mostly economic — migrants. Thousands die or disappear in transit. Creating dignified employment in the poorer nations is the primary answer.
Vijay Prashad: The Challenges of Post-Colonial Industry
India’s liberalisation beginning in the 1990s led to a steady decline in manufacturing. To reverse this, industrial policy must address the issues of dependence and inequality.
Vijay Prashad: End the Wars & Restart the Factories
While industrialisation remains a top priority for Global South countries, debt-driven austerity, corporate dominance, wars and sanctions keep many poorer nations locked into dependency and underdevelopment.
Vijay Prashad: To Free Africa, Stop Stealing Its Wealth
In Senegal and many other countries, the IMF’s approval of irregular financial practices has undermined sovereignty and favored multinational corporations.
Not Only Gaza: When Britain Aided Genocide in Indonesia
Sixty years ago, Harold Wilson’s Labour government secretly conspired with the Indonesian military as it conducted one of the postwar world’s worst bloodbaths.
BRICS Forges Ahead Building a Different Order
At their summit in Brazil, members of the expanding Global South group condemned recent Israeli-U.S. attacks on Iran and Israel’s aggression against Palestinians in Gaza, Abdul Rahman reports.
Vijay Prashad: How the IMF Underdevelops Africa
After being plundered of both its wealth and people by colonial powers, Africa now faces IMF-imposed austerity, obscene debt and forced underdevelopment.