Issue No. 329/330 (2018)
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The Global Economy: From Debt Crisis to Financial Crisis?
of a new global financial crisis
Warnings have been sounded of ‘ticking time bombs’ in the global financial
system waiting to explode because of the reckless and wrong policies
of the developed countries.
By Martin Khor
economy vulnerable a decade after
More than a decade after the world’s worst economic downturn since the
1930s’ Great Depression, the world economy remains vulnerable.
By Anis Chowdhury and
Jomo Kwame Sundaram
new debt crisis
Since 2010 the debt situation has worsened significantly for many countries
of the Global South. As a result, out of 141 countries examined, some
119 are critically in debt.
By Jürgen Kaiser
agency says some African countries’ debt worrying
Servicing of debts owed by 11 African countries that were part of the
World Bank’s Heavily Indebted Poor Countries (HIPC) Initiative of the
1990s is now back at pre-crisis levels.
By Paul Redfern
return of a housing bubble
Asset price inflation has been generated by the liquidity created by
central banks in the advanced countries to address the recession they
were experiencing. Many developing countries are prone to an unwinding
of unsustainable asset prices in ways that can be damaging.
By CP Chandrasekhar and
IMF is back in Argentina
The $50 billion credit granted by the International Monetary Fund in
June sets an international record and will directly impact the economic
and social situation of Argentina. Historian and economist Eric Toussaint
speaks with Sergio Ferrari.
you know who governs us? The damned Monetary Fund’
Jordan’s June 2018 rising
From 30 May to 7 June, the Jordanian people staged an uprising, not
merely against specific elements of the structural adjustment programme
of the International Monetary Fund, but against the whole neoliberal
path on which the state had embarked.
By Sara Ababneh
to muddle through crisis again?
The economic outlook for many developing countries is bleak. Many
of them are heavily indebted and have become dependent on short-term
capital flows to balance their books.
By Yilmaz Akyüz
justice prevails: Belgian vulture funds law survives challenge
Vulture funds thrive on the misery of indebted nations. A recent Belgian
court decision may prove to be a setback to their predatory activities.
By Bodo Ellmers and Antonio
investment spurs land theft, deforestation in Brazil, say experts
This investigation reveals one example showing how international financial
capital is used to adversely impact the people and forests of Brazil.
By Alicia Prager and Flávia
anti-Sterlite protests: How copper came a cropper
For more than two decades the inhabitants of a district in India’s Tamil
Nadu state had endured the pollution caused by a copper smelting complex
known as Sterlite Copper. In May this year, their anger boiled over.
HEALTH & SAFETY
years after the Alma Ata Declaration, let’s remember that health care
is a global right
The writer recounts the radical goals of the Alma Ata Declaration –
and how they were undermined by neoliberalism and structural adjustment
By Matthew Bramall
Africa’s original ‘state capture’
The co-optation of the African National Congress
There is a need to revisit the elite compromise made over 20 years
ago if there is to be real social change in South Africa.
By Sampie Terreblanche
of the Six-Day War
New scholarship easily challenges the falsehoods long prevalent in
Western circles about the 1967 Six-Day War between Israel and the
By Ilan Pappé
Trump’s zero-tolerance immigration policy, which separates parents
from their children, is a cruel strategy to curb the flow of immigrants
and asylum seekers arriving in the United States. Here’s why it’s
bound to fail.
By Nara Milanich
day the US became an empire
The following article traces the evolution of the US empire, locating
its origins in the annexation of Hawaii in 1898.
By Charles Pierson
US Air Force’s strange love for the new B-21 bomber
The US Air Force is looking to mark a new generation in stealth technology
by developing a B-21 Raider bomber able to elude even the most sophisticated
air defences in the world.
By William J Astore
AMLO is not Mexico’s Trump
Equating Mexico’s president-elect Andrés Manuel López Obrador with
Donald Trump may be absurd, but that hasn’t stopped mainstream media
from running with it.
By Richard Seymour
to journalists are now omnipresent
Journalists across the globe, and not only those in conflict zones,
are increasingly endangered.
By Nava Thakuria
suffrage: Indonesian women’s activism
More than a century has passed since Putri Mardika, Indonesia’s first
ever women’s organisation, was established, but similar challenges
remain in the efforts to influence national politics to bring progress
to all women.
By Devi Asmarani
at the World Cup through Galeano’s eyes
Attempts are made to use Uruguayan social critic and activisit Eduardo
Galeano’s writings as a guide to the World Cup’s darkness and lights.
By Joel Sronce
portrait of Felicia Langer
To mark the passing of Felicia Langer, a Holocaust survivor who dedicated
her whole life to fighting for the Palestinian cause, we reproduce
below a profile article that was first published in 1998.
By Faiza Rady
Jibanananda Das (1899-1954) was a Bengali poet, writer, novelist
and essayist. Though overshadowed by literary giants like Rabindranath
Tagore, he has over the years gained recognition as one of the greatest
poets in the Bengali language.
By Jibanananda Das
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