Tag: Vijay Prashad

Austerity & a New Cold War With China

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 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.

China & the Developing World

As the U.S. pushes for a major power conflict in the Asia-Pacific, it is essential to develop lines of communication and build understanding among China, the West and the developing world, 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. 

What Follows US Hegemony

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.