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?
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.
It was always considered bad economics to bail out India's millions of beleagured farmers, but swift government bailouts for the banks are considered a political necessity. ‘Where will the money come from?’ is not a question to be asked when you are subsidising the rich and the elite, says Devinder Sharma.
Unlike the police states of Eastern Europe and the
Soviet Union, China has built a Police State 2.0, an entirely
for-profit affair that is the latest frontier for the global Disaster
Capitalism Complex - and a society defined by "McCommunism", argues Naomi Klein.
A detailed analysis of nuclear weapons related developments in south Asia
since 1998 - and the contradiction of amassing nuclear arms in a bid to establish peace, by Zia Mian and M. V. Ramana.