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Aid, Debt & Development

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What Would a Global Campaign on Industrial Policy Look Like?

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.

A New Debt Crisis in the South? Hope for Permanent Solutions

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.

IMF Gold Windfall Won't Break Cycle of Debt for Poor Countries

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.

The Long Tradition of Debt Cancellation in Mesopotamia and Egypt from 3000 to 1000 BC

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.

Illicit Financial Flows – A Violation of Human Rights?

An international task force comprised of leading academics, tax experts, and lawyers has been convened to analyse how illicit financial flows – specifically the proceeds of tax abuse – contribute to poverty and subsequently affect the enforcement of economic, social, and cultural rights (ESCR) across the globe.

Greek Austerity is ‘Structural Adjustment for Europe’

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.

Philanthropy is the Enemy of Justice

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.

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