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Friday, July 5, 2024
News and Views from the Global South
Economy & Trade
The IMF is Failing Countries like Kenya: Why and What can be Done About it?
The recent Kenyan protests are a warning that the International Monetary Fund (IMF) is failing. The public does not think it is helping its member countries manage their economic and financial problems, which are being exacerbated by a rapidly changing global political economy.
A Bleak Future 50 Years after the New International Economic ‘Non-order’?
Fifty years ago on 1 May 1974, the Sixth Special Session of the General Assembly (April–May) adopted a revolutionary declaration and programme of action on the establishment of a New International Economic Order (NIEO) “based on equity, sovereign equality, interdependence, common interest and cooperation among all States, irrespective of their economic and social systems”. The hope was that a NIEO would “correct inequalities and redress existing injustices, make it possible to eliminate the widening gap between the developed and the developing countries and ensure steadily accelerating economic and social development and peace and justice for present and future generations”. Alas, what evolved is far from what was envisioned or called for.
Mayurbhanj Kai Chutney: From Forests to Global Food Tables
On a scorching May morning, Gajendra Madhei, a farmer from Mamudiya village, arrives at the local bazaar in Udula, a town in Odisha's Mayurbhanj district. He displays freshly caught red weaver ants, known locally as kai pimpudi, in the bustling tribal market. Thanks to the recent recognition of Mayurbhanj's Kai chutney, or red weaver ant chutney, with a Geographical Indication (GI) tag awarded in January, his business of selling the raw ants has seen a significant surge in profitability.
Argentina: Civil Society’s Urgent Call to Protect Rights
Between the Mafia and the State, I prefer the Mafia. The mafia has codes, it keeps its promises, it doesn't lie, it's competitive. If a company pollutes a river, where is the damage? The sale of organs is a market like any other. Abortion should be considered “aggravated murder”.
Mexico Struggles to Cut Emissions from its Ports
The port of Pichilingue, in northwestern Mexico, faces challenges in decarbonising its activities, as do other maritime infrastructures in the country, while its polluting emissions are increasing.
Cambodia at a Tipping Point: Authenticity Makes Way for Progress
Modernity is arriving rapidly in Cambodia, observes journalist Kris Janssens (48), who has lived and worked in the country since 2016. The predominantly young population is eager to move forward, embracing technology over traditional agriculture or fishing. Can Cambodians unite their country's authentic soul with their aspirations for progress?
Kashmir Frontier Woman Leads the Way in Breaking Down Patriarchy
Smelling the toxic smoke coming from burned powder kegs and helplessly watching fields turn into smoke and ash is traumatic. Rushing to the government's safe houses and leaving your homes, belongings and cattle behind whenever the armies of India and Pakistan trade fire is inexplicable. Then came climate-change-induced weather unpredictability.
A Tax on the Super-Rich to Fight Hunger Gains Ground
A global agreement could levy a small tax on the world's 3,000 richest people, with fortunes in excess of US$ 1 billion, and use the money to fight world hunger, a study by the Brazilian government and the European Union's Tax Observatory has shown.
Youth-Led Protests Force Kenyan President’s Hand Over Tax Bill
In a historic first, Kenya's youth have mobilized in large-scale protests to demand that the political establishment listen to them. The Finance Bill 2024, which proposed new taxes across several sectors, was the catalyst for the protests, igniting outrage among a youth demographic that feels betrayed by decades of political promises. These protests, driven by economic and social grievances, escalated dramatically, culminating in clashes with police that led to numerous deaths and widespread unrest.
Fiscal Reform Can Help Dominican Republic Attract Greater Investment
The Dominican Republic leads Latin America in GDP growth, with an average annual rate of around 5 percent per year since the 1970s. The Caribbean nation has made great strides in reducing poverty and improving living standards.
Finance Healthcare, Not Insurance Premia
Comparative research on healthcare financing options shows revenue-financed healthcare to be the most cost-effective, efficient, and equitable, while all health insurance imposes avoidable additional costs.
EUROPE: ‘The Future of the EU as We Know Cannot Be Taken for Granted’
CIVICUS discusses the results and implications of recent elections to the European Parliament with Philipp Jäger, Policy Fellow at the Jacques Delors Centre, an independent, non-partisan think tank focused on European policy processes and outcomes.
The World Bank Must Double Its Fund for the Poorest Nations like Mine to Tackle Hunger Crisis
After El Niño-induced floods and devastating drought, roughly two in five people in Malawi – a country of some 20 million people – are now facing the looming prospect of acute hunger by the end of the year.
New Caledonia: Time to Talk about Decolonisation
The violence that rocked New Caledonia last month has subsided. French President Emmanuel Macron has recently announced the suspension of changes to voting rights in the Pacific island nation, annexed by his country in 1853. His attempt to introduce these changes sparked weeks of violence.
Government Debt Is Symptom, Not Cause
Developing country governments are being blamed for irresponsibly borrowing too much. The resulting debt stress has blocked investments and growth in this unequal and unfair world economic order.
Fiscal Policy Can Help Broaden the Gains of Artificial Intelligence to Humanity
New generative-AI technologies hold immense potential for boosting productivity and improving the delivery of public services, but the sheer speed and scale of the transformation also raise concerns about job losses and greater inequality. Given uncertainty over the future of AI, governments should take an agile approach that prepares them for highly disruptive scenarios.
Transforming African Food Systems from the Ground Up
All news is local, they say. The same is true of innovations—those many new technologies, policies, and practices that steadily stream from research to enhance our lives.
Conflict Deprives Children of Education in Northern Syrian IDP Camps
Twelve-year-old Walid Al-Hussein, displaced from the city of Kafranbel to a camp for internally displaced people (IDP) in northern Idlib on the border with Turkey, has given up his dream of becoming a lawyer. "The distance of schools from our home (in the camp) made me leave education and give up my dream and my mother's dream of becoming a lawyer who defends the rights of the oppressed," Al-Hussein told IPS.
Sustainable Development of 39 Small Island Developing States – No Time to Wait
Today Small Island Developing States (SIDS) and the environmental threats they confront require our urgent attention ---and the global spotlight needs to be trained deliberately and maintained consistently on their concerns, in particular, climate change, marine biological diversity loss and sustainable development goals (SDGs).
UN’s Development Goals: Rich Nations Lead While World’s Poor Lag Far Behind
When the 193-member UN General Assembly adopted a landmark resolution, back in September 2015, the goals were highly ambitious: to eradicate extreme poverty and hunger, eliminate inequalities, protect human rights, promote gender empowerment and ensure economic, social and environmental development—and much more. The deadline for achieving these targets was set for 2030.
Land Grabs Squeeze Rural Poor Worldwide
Since 2008, farmland acquisitions have doubled prices worldwide, squeezing family farmers and other poor rural communities. Such land grabs are worsening inequality, poverty, and food insecurity.Next Page »
Trade has historically been a geopolitical tool, creating significant economic imbalances in developing countries. However, many countries in East Asia and Latin America have been able to alleviate poverty due to increasing trade. Tackling poverty has proven to be much harder in low income countries in sub-Saharan Africa, Asia and Latin America, and their dismal trade performance is one important reason for that. They remain at the margins of world trade and indeed of the world economy. These articles are aimed at informing readers about the complexities of trade and its varying effects on development, with a special focus on the consequences of the global economic crisis, the potential of fair trade and the gender implications of trade policies.
The Week with IPS
NEXT STOP - SDGs
Tracking global progress towards a sustainable world
Tracking global progress towards a sustainable world
