Governments must accept
that the root causes of poverty, inequality and climate change will never be
addressed without substantial reforms to the global economy. In the meanwhile,
the post-2015 development goals need to be much more ambitious about preventing
avoidable poverty-related deaths within an immediate timeframe.
The international response to the East African crisis is far short of urgent needs, yet the extreme deprivation being reported is only the tip of the iceberg. A massively upscaled redistribution of resources from North to South is needed if we are to prevent needless poverty-related deaths worldwide, write Rajesh Makwana and Adam Parsons.
After decades of failing to address the root causes of
poverty and inequality, the aid industry is bigger than ever. Is it time
for
some serious soul-searching on the value of ‘development’? A review of
Rasna
Warah's 'Missionaries, Mercenaries and Misfits', by Anna White.
While the burden of debt is crippling poorer nations, cancellation of what is outstanding is not enough. There is an urgent need to restructure the current financial framework if a sustainable solution is ever to be realised, argues Justin Frewen.
How many countries worldwide need debt cancellation? What would be the economic ramifications of debt relief on both the Global North and the Global South?
The South has already repaid its external debt to the North. Since the onset of the global debt crisis, precipitated in 1979 by a sharp increase in the Federal Reserve’s interest rates by Paul Volcker, the developing/emerging market economies as a whole have paid in current dollars a cumulative $7.673 trillion in external debt service.