The world’s largest, fastest-emerging industrial economies are posing grave questions for the coming generation: for how long will the inequalities produced by the unending pursuit of economic growth remain sustainable, for how long will our finite natural resources last if they continue to be rapidly commercialised, and can the environment stand the future demand of several billion new consumers?
Beijing's heavy rural investment has led commentators to see hope for global recovery in the Chinese countryside. Yet allocating funds to boost rural demand will fail to reverse China’s long-standing subordination of the poor to export-oriented industrialization, says Walden Bello.
The global financial crisis could ignite social unrest in Asia and the Pacific as the region is hit by the 'triple crunch' of a worsening poverty, food price instability and climate change, according to a report by ESCAP.
The reliance of Asian countries on debt-financed
middle-class spending in the US has left many vulnerable to the financial
crisis. Now, Asia's slide into recession may signal the 'end of the export era'
and herald unprecedented social revolution, argues Walden Bello.
Public ownership of banks, besides preventing periodic economic crises, can
subordinate the profit motive to
social objectives and fashion a system of inclusive finance, argues C.P.
Chandrasekhar.
China is rapidly forming trade, investment,
technology, security and cultural links with Latin America. As ties expand rapidly, not all is positive from the
Latin American perspective - the region must develop its own expertise in order to deal with the
multiple challenges China will present, writes
David Shambaugh.
The North dominated world trade and power for two centuries, disrupting the pre-1800 international distribution of wealth and power. Now, the global balance is shifting to the East, and to primary producers of commodities worldwide. By Philip S Golub.
A large part of China’s
remarkable economic development has been achieved at the expense of the
basic rights of millions of former state-owned enterprise workers, says
a new report released by Rights & Democracy and the China Labour Bulletin.