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Issue No. 350 (2022/1)
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COVER:
World economy in turbulent waters
A
perfect storm brewing
Buffeted by the coronavirus pandemic and shockwaves from the Ukraine
war, an already fragile global economy faces the combined threat of
inflation, recession and financial crisis.
By Lim Mah Hui
Global
growth to decelerate due to Ukraine war, monetary tightening
The Ukraine conflict and policy tightening in the North are expected
to dampen global growth, further clouding developing countries’ already
dim economic prospects, according to a UN outlook report.
By Kanaga Raja
War
or peace, barbarism or hope
With the conflict in Ukraine comes the dire threat of stagflation.
By Anis Chowdhury and Jomo Kwame Sundaram
No
new actions to combat debt crises offered by G20 ministers
The world’s major economies are yet to come up with concrete measures
to address the plight of developing countries in debt distress, even
as the prospect of a sovereign debt crisis looms.
By Bhumika Muchhala
Will
the IMF pay for its faults in Argentina?
The International Monetary Fund’s $45 billion loan to Argentina
in 2018, its largest ever, was a monumental failure. Now it turns out
it may also have been illegal.
By Roberto Bissio
A
timely wake-up call
COVID-19 and the
Structural Crises of Our Time
Singapore: ISEAS – Yusof Ishak Institute (2022)
Chan Kok Peng finds much that is insightful in a book that draws
linkages between the pandemic, climate change and the phenomenon of
financialisation.
By Lim Mah Hui and Michael Heng Siam-Heng
ECOLOGY
Climate
change inaction under the Paris Agreement
In the absence of viable commitments to mitigate and adapt to global
warming, inaction appears to be the order of the day, with all the potentially
damaging consequences it entails.
By Thiago de Araújo Mendes and José Domingos
Gonzalez Miguez
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ECONOMICS
Looking
towards WTO MC12
Kinda Mohamadieh and Ranja Sengupta survey the challenges
confronting developing and least-developed countries at international
trade talks taking place in the shadow of a war that threatens to
undermine multilateralism.
By Kinda Mohamadieh and Ranja Sengupta
Doha
Programme of Action for LDCs adopted
A UN conference has adopted an action plan described as the ‘best
opportunity for charting a recovery path for the world’s most vulnerable
countries’.
By Prerna Bomzan
LDCs
and their ‘development’: Litmus test of international cooperation
Barbara Adams and Julie Kim underline the pivotal
role of international support measures by high-income countries and
multilateral institutions in helping the LDCs progress along the development
path.
By Barbara Adams and Julie Kim
It’s
a bird… it’s a plane… it’s ESG
More
and more funds are pouring into financial instruments that purportedly
meet environmental, social and governance (ESG) criteria. But just
how sustainably sound is this wave of ‘ethical’ investments?
By Alexander Kozul-Wright
WORLD
AFFAIRS
How
the US and UK worked together to recolonise the Chagos Islands and
evict Chagossians
The UK is continuing to exert colonial control over a strategic
Indian Ocean archipelago – an unlawful act in which the US has also
played a major role.
By Anamika Twyman-Ghoshal
HUMAN
RIGHTS
Israel’s
apartheid against Palestinians: a cruel system of domination and a
crime against humanity
Israel’s policies of discrimination and oppression against the
Palestinians amount to nothing less than apartheid, says human rights
group Amnesty International.
By Amnesty International
South
African PM’s embrace by Israel in 1976 sheds light on faux outrage
over Amnesty’s apartheid report
Israelis hope that their alliance with the apartheid regime in
South Africa is forgotten now that Amnesty International is levelling
the apartheid accusation against Israel.
By David Samel
WOMEN
Girls’
education is a women’s rights issue
The ban on girls’ access to secondary education in Afghanistan,
which has been described as ‘a profound disappointment’, could portend
further curbs on women’s rights by the ruling Taliban.
By Naureen Hassain
POETRY
XVIII
Many
Latin American countries have acquired a notoriety for their failure
to properly maintain their prisons. As a result, prison riots have
become all too common. Some 100 years ago, the great Peruvian poet
Cesar Vallejo (1892-1938) highlighted this problem in Trilce;
the following is one of the poems (poem XVIII) from this collection.
By
Cesar Vallejo
Third
World Resurgence Page
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