STWR - Share The World's Resources

As the Cambridge economist Ha-Joon Chang argues, industrial policy is the proverbial 'Prince' that is missing from 'Hamlet' in discussions about development. So should NGOs work out a global campaign on industrial upgrading, or is that just too weird and abstract to work? By Duncan Green.

After three decades of sovereign debt crises in the Global South, debt has grown more complex and we are still unable to fight back. But measures could be taken to break the trap and fix the global financial architecture, explains Diana Hulova.

The countries that run the IMF have decided to spend a $2.7bn windfall on subsidising cheaper loans to low-income countries. This will represent a small financial benefit for countries taking such loans, but leaves unchallenged what such loans and debt exist to do, writes Tim Jones.

Today debt repayment has become a taboo subject, but we must pierce the smoke-screen of creditors and re-establish the historical truth. Repeated and generalised debt cancellation has occurred throughout history - often as a result of major social and political upheaval, writes Eric Toussaint.

What is happening in Greece today mirrors what has been happening in the developing world for 30 years – unaccountable international institutions demanding a pound of the people’s flesh in exchange for bailing out banks and rewarding speculators, says the Jubilee Debt Campaign.

Beware the havoc that power without oversight and democratic control can wreak. The world's poor are not begging for charity from the rich – they're asking for justice and fairness, says Robert Newman.