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THIRD WORLD RESURGENCE

Issue No. 253 (Sept 2011)


*Click on cover to download the magazine (PDF)

COVER: A Second Recession?

A looming global recession
A looming new global recession will inevitably engulf the developing countries.
By CP Chandrasekhar

The Greek and eurozone turmoil: A crisis with deep roots
The causes of the ongoing eurozone crisis are to found in the skewed nature of the European Union and the 2007 economic downturn.
By C. Lapavitsas, A. Kaltenbrunner, D. Lindo, J. Michell, J.P. Painceira, E. Pires, J. Powell, A. Stenfors and N. Teles

Fundamental flaws in the European project
The fatal defect in the eurozone project was that it was informed by a neoliberal view of leaving policy entirely to market forces.
By George Irvin and Alex Izurieta

China is not a cash cow for resolving eurozone crisis
Expectations pinned on China to help resolve the eurozone debt crisis might be far from realistic.
By Steffen Dyck

The game is up: The age of liberal finance is over
The response to the regime of unregulated finance that has caused the eurozone crisis should go beyond focusing on bankers' bonuses and the failure of the rich to pay taxes.
By Ann Pettifor

Behind the bankers' mask
In the context of another financial crisis, debt audits could offer a way to counter the power of big finance.
By Nick Dearden

Fiscal tightening could be self-defeating, warns UNCTAD
The shift towards fiscal tightening appears to be premature in many countries, the United Nations Conference on Trade and Development (UNCTAD) has said.
By Kanaga Raja

Restructure banking for more balanced and diversified system – UNCTAD
UNCTAD calls for the re-regulation of the financial sector and the restructuring of the banking system to make it more diversified and balanced.
By Chakravarthi Raghavan

Asia needs to confront new global crisis
Asian countries must review their export-based growth model and their vulnerabilities to the inflows and outflows of capital.
By Martin Khor

Global disorder and the Indian economy
There is no way India can avoid the adverse impacts of an economic slowdown in the US and EU.
By Jayati Ghosh

From crisis to crisis: The Philippines amid the global turmoil
Worse may come for the Philippines with the new global crisis that is brewing.
By Sonny Africa

Brazil's 'Wall Street' problem
Is it wise for Brazil to cut public expenditure 'in the face of the growing headwinds and risks in the global economy'?
By Mark Weisbrot

ECOLOGY

Defending the sea
Indigenous people in the Chilean coastal community of Mehuin are fighting against corruption, private property and corporate interests.
By Eliab Viguera


WORLD AFFAIRS

NATO intervention in Libya: Acting beyond the UN mandate
What has transpired since March when the UN Security Council gave its go-ahead for the use of force to protect civilians in Libya should never have become an occasion for cheering.
By Richard Falk


HUMAN RIGHTS

Rwandan genocide survivors still waiting for reparation
The survivors of one of the worst genocides in modern history are fast losing hope that they will ever be compensated.
By Juergen Schurr


WOMEN

'Until the day I die': A Haitian peasant woman leader speaks
A Haitian woman speaks about the struggle of her organisation for economic and social rights for rural Haitians, especially women.
By Gerta Louisama and Beverly Bell


ACTIONS & ALTERNATIVES

A surprise victory for the Phnom Penh lakeside protests
A victory by some Phnom Penh residents against unlawful eviction by rapacious developers was not sufficient to save one of the Cambodian capital's most picturesque lakes.
By Tom Fawthrop


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