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THIRD WORLD RESURGENCE

Issue No. 234 (Feb 2010)

COVER: Financial Crisis: Reflecting on reforms amidst new threats

Sovereign default in the core?
There is concern that some heavily indebted countries in the Middle East and Europe are in danger of defaulting on their debt obligations. 
CP CHANDRASEKHAR

Can the euro survive?
Financial jitters about a sovereign default have shifted to the European Union, and the euro is seen as particularly vulnerable.
JAYATI GHOSH

Euro crisis: Financial speculators are behind this too!
Will action ever be taken to curb financial speculators, especially the hedge funds?
MARTIN KHOR

The problem of reserves in developing countries
This first of three articles explains the need for an alternative to the US dollar as a reserve currency, pointing to problems faced by developing countries under the current system.
SOREN AMBROSE & BHUMIKA MUCHHALA

Using SDRs to finance development
In this second article, Soren Ambrose and Bhumika Muchhala explain what SDRs are and how they work.

The role of SDRs in the global financial system
In this third and final article, Soren Ambrose and Bhumika Muchhala explain how SDRs can be part of global financial reforms, specifically in repairing the current distorted and inefficient global reserve system.

Regulation of international financial markets and capital flows - some developing-country concerns
A leading financial expert considers various reform proposals to regulate international financial markets and capital flows to avert future crises.
YILMAZ AKYUZ

ECOLOGY

India decides to go slow on the introduction of GM food crops
India’s Environment Ministry has blocked commercial cultivation of the world’s first genetically engineered eggplant (brinjal).
CLAUDE ALVARES

International treaty on damage caused by genetically modified organisms in sight
An international treaty on liability and redress for damage caused by genetically modified organisms may be in the cards.
LIM LI LIN & LIM LI CHING

Copenhagen Accord in line with 3.9-degree warming, say US researchers>
The pledges submitted under the Copenhagen Accord against climate change would bring disaster to the environment and human life.

True costs of Amazon dam revealed
The proposed Belo Monte Dam would have serious consequences for the region, its inhabitants and ecosystems of the Amazon forest.
GLENN SWITKES


WORLD AFFAIRS

Tony Blair: Faith as alibi
Tony Blair compounded his unrepentant justification of his decision to invade Iraq with an equally uncompromising call to get tough with Iran.
JEREMY SEABROOK

Missing from the media: Cuban aid to Haiti
There was barely a mention by the international media that the country that provided the largest medical contingent in aid to Haiti was Cuba.
TOM FAWTHROP


HUMAN RIGHTS

Secret detentions widespread in war on terror, say experts
In violation of international human rights and humanitarian law, secret detention continues to be used in the name of combating terror around the world.
KANAGA RAJA


WOMEN

'Poverty still has a woman's face'
Women and poverty still share an uncomfortable spot on the development matrix of countries across Asia-Pacific that are struggling to end deprivation.
DIANA G MENDOZA

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