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.
Biden’s Exclusionary ‘Liberal World Order’
Tag: World Bank
How to Eradicate Poverty
China did not eradicate absolute poverty by cash transfer schemes or rural medical programmes alone, writes Vijay Prashad.
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.
World Bank Seems to Finally Get It
A new World Bank report says hundreds of billions of dollars of subsidies to energy producers need to be used instead to “ensure a green and just transition.”
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 IMF’s ‘Austerity Drive’
Oxfam estimated that “for every $1 the IMF encouraged a set of poor countries to spend on public goods, it has told them to cut four times more through austerity measures.”
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.
Bolsonarism Without Bolsonaro
The World Bank has sounded the alarm, but the forces of “centrism” — beholden to billionaires and the politics of austerity — refuse to pivot away from the neoliberal catastrophe, writes Vijay Prashad.
Low-Income World in Multi-Trillion Debt Squeeze
Rising interest rates and slowing global growth risk tipping a large number of countries into crisis, Baher Kamal reports.
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.