In the 1960s, there were high hopes for the development of the newly-independent sub-Saharan African countries but these hopes were quickly dashed following a series of shocks which began in the mid-70s, with the first oil price spikes, followed by a severe decline in growth and increase in poverty in the 80s and early 90s.
Evidently, oil talked louder. By unanimous resolution, the Community of Portuguese Language Countries (CPLP) admitted Equatorial Guinea as a full member, in spite of the CPLP’s ban on dictatorial regimes and the death penalty.
Millions still live in poverty and even those who have gained the security of the middle-income bracket could relapse into poverty due to sudden changes to their economic fortunes in South Asia, the latest annual Human Development Report by the United Nations Development Programme (UNDP) revealed.
The government of Mali and Touareg rebels representing Azawad, a territory in northern Mali which declared unilateral independence in 2012 after a Touareg rebellion drove out the Malian army, resumed peace talks in Algiers last week, intended to end decades of conflict.
The sixth BRICS Summit which has just ended in Brazil marks the transition of a grouping based hitherto on shared concerns to one based on shared interests.
Little Samir covers his face with his hands as he plays under the orange tree in the centre of the inner courtyard of the Spanish Refugee Aid Commission (CEAR) centre in the southern city of Malaga. He is four years old and has spent nearly a year in Spain, where he arrived with his parents, fleeing the war in Syria.
The creation of BRICS’ (Brazil, Russia, India, China and South Africa) own financial institutions was “a disappointment” for activists from the five countries, meeting in this northeastern Brazilian city after the group’s leaders concluded their sixth annual summit here.
The Sixth BRICS Summit which ended Wednesday in Fortaleza, Brazil, attracted more attention than any other such gathering in the alliance’s short history, and not just from its own members – Brazil, Russia, India, China and South Africa.
Since the onset of the crisis, the South Centre has argued that policy responses to the crisis by the European Union and the United States has suffered from serious shortcomings that would delay recovery and entail unnecessary losses of income and jobs, and also endanger future growth and stability.
Hopes are high that the 10th
Asia-Europe Meeting – or ASEM summit – to be held in Milan on October 16-17 will confirm the credibility and relevance of Asia-Europe relations in the 21st
A few decades ago, even before the end of the Cold War and before and after Ronald Reagan’s election to the White House, analyses regularly referred to U.S. decadence. At other times, it was Europe’s turn for pessimistic descriptions, especially when it could not overcome its ambivalence over deepening integration, and above all because of the failure of its constitutional project.
While the Third World War has not been formally declared, conflicts throughout the world are reaching levels unseen since 1944.
Macau’s gaming boom just keeps on giving. Gambling revenues soared to a new high of 45 billion dollars last year, a whopping 18.6 percent rise over 2012 and the city’s sixth straight year of record earnings.
Eight people, three women and five men, are crouched in the dirt in the center of a roundabout where the main road at Poipet --a major Cambodia border town-- merges with the check point to Thailand.
Dust swirls in the wind as they squint their eyes at the sun. Others playing the waiting game mill about on the road’s edges.
African countries are coming under strong pressure from the United States and the European Union to reverse the decision adopted by their trade ministers to implement the World Trade Organization’s trade facilitation agreement on a “provisional” basis.