The Moors invaded and conquered much of the Iberian Peninsula in 711AD. By the time they were driven out of Granada in 1492, the Arabs had left an indelible racial and cultural imprint. Both the Spanish and Portuguese languages have a marked Arabic influence.
Despite the challenges that the global economic crisis poses to Africa and other developing regions in the southern hemisphere, South-South trade still offers huge opportunities as there is room for growth beyond the current levels.
In the shadows of a critical Arab summit in Doha this week, a parallel Arab- South American heads of state meeting is expected to seal key political and economic cooperation agreements between the two regions.
For the past three decades, indebted developing countries have been forced by the International Monetary Fund (IMF) and the World Bank to deregulate financial and labour markets, privatise national industries, abolish subsidies, and reduce social and economic spending.
The most severe financial crisis since the Great Depression needs massive economic stimulus packages that are coherent and linked with sustainable development imperatives, asserts a new report by top U.N. economists released Monday on the sidelines of the Monterrey Review conference in Doha.
The demand is seemingly simple. ‘Vote for democratic, people-centred development’, advise civil society at the ongoing inter-governmental review of the Monterrey Consensus in Doha, Qatar.