As is often the case in history, the actions of a dying empire create common ground for its victims to look for alternatives, writes Vijay Prashad.
BRICS: Global Center of Gravity Shifts
Tag: IMF
BRICS Leaders Call for Democratic Global Order
Amid a membership expansion, leaders of the bloc spoke out against sanctions, conditions on sovereign credit and dollar hegemony, Abdul Rahman reports.
The Dependency of Poor Nations
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.
Biden’s Exclusionary ‘Liberal World Order’
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.
The New ‘New World’
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.
Bangladesh Getting Drowned by Colonial History
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.
G7 Should Be Shut Down
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.
The Poverty Trap
Lower interest rates and longer-term paybacks that match the pace of underlying social progress are key to successful development finance, writes Jeffrey Sachs.
The Lying IMF
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.
No Billion-Dollar Bailouts For Africa
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.