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Issue No. 307/308 (Mar/Apr 2016)
*Click on cover
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COVER:
Uncertainty and gloom pervade the global economy
Grim
economic situation calls for bold measures
The
world is caught in a debt trap and this may yet destabilise a fragile
global economy grappling with slowing growth and trade, financial volatility,
capital flight and commodity collapse.
By Yilmaz Akyüz
What's
ailing the world economy?
Current monetary policies risk precipitating another financial crisis;
alternative policies are needed to restore sustainable and inclusive
growth.
By Joseph
E Stiglitz and Hamid Rashid
Are
we entering into a long-term stagnation?
The fear is that a single adverse shock may yet push the current
economic stagnation into recession.
By Roberto Savio
New
year sees turbulence in financial markets
The turbulence in the financial markets at the beginning of the
year epitomises the fragility of the global markets.
By Kanaga Raja
Has
the crash of the global financial markets begun?
Even as some insist that the global economy is in 'secular stagnation',
the facts suggest that we may be entering the 'worst' depression in
history.
By Sabri
Oncu
Sluggish
world trade heightens global slowdown
World trade is shrinking as a consequence of the global downturn
and in turn it is further fuelling the process.
By Chee Yoke Heong
Commodities
rout threatens commodity-dependent countries
UNCTAD has stressed the need for policies, including economic and
fiscal diversification, to reduce countries' exposure to the cyclicality
of commodity markets.
By Kanaga Raja
China's
drive for sustainable growth amidst a global slowdown
While facing huge domestic challenges in restructuring its economy
to make growth sustainable, China has also to fight against the 'persistent
stagnation' which has gripped the global economy.
By Yu
Yongding
Banks
and the new Asian tigers
Both India and China have been viewed in recent years as crucial
props to a sagging global economy. Unfortunately their banks are also
laden with debt, making them particularly vulnerable to shocks.
By C
P Chandrasekhar
When
China sneezes, does Africa catch a cold?
The precipitate drop in commodity prices has devastated Africa's
commodity exporters. However, this crisis could yet be turned into an
opportunity.
By Nicholas
Norbrook
The
strength and fragility of the Brazilian economy
It is the Brazilian economy's vulnerability to massive and uncontrolled
capital flows that has brought the country to its current economic crisis.
By Rosa
Maria Marques and Paulo Nakatani
A
coup in Brazil?
What is happening in Brazil is not a popular uprising but a coup.
By Alfredo Saad-Filho
Eurozone's
fiscal austerity policies holding back global economic recovery
The fiscal austerity policies that replaced the fiscal stimulus
measures earlier have been a drag not only on the European but also
on the global economy.
By Anis
Chowdhury and Jomo Kwame Sundaram
How
austerity has crippled the European economy - in numbers
Thomas Fazi details the heavy toll wreaked by Europe's austerity
policies.
By Thomas Fazi
The
fragility of the US economy
The US economy suffers from some serious structural problems which,
if not addressed, may yet plunge it into a deep crisis.
By Dimitri
B Papadimitriou, Michalis Nikiforos and Gennaro Zezza
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ECOLOGY
Cuba's
sustainable agriculture at risk in US thaw
If relations with US agribusiness companies are not managed carefully,
Cuba could revert to an industrial approach that would roll back the
revolutionary gains that its farmers have achieved.
By Miguel
Altieri
On
forgetting Fukushima
We have to do more than remember Fukushima, we have to learn how
to remember Fukushima.
By Robert Jacobs
HEALTH & SAFETY
Genetic
control is no answer to Zika
A distinguished entomologist explains why genetic control is not
the panacea for Zika.
By Payyalore
Krishnaier Rajagopalan
ECONOMICS
Argentina's
painful return to 'economic orthodoxy'
The new government of President Mauricio Macri in Argentina has
embarked on a rapid-fire series of conservative economic reforms,
threatening public sector employment and social programmes.
By Sara
Kozameh
Legal
carte blanche for vulture funds
The 15-year saga of one of the most complex and notorious debt
litigations in history has come to a conclusion that legally sanctions
predatory hedge funds and endangers the world financial order.
By Bhumika
Muchhala
WORLD AFFAIRS
Dangerous
times in India
The country's extreme right is targeting college students.
By Vijay
Prashad
HUMAN RIGHTS
Three
decades later, enslaved Maya women find justice
They were the invisible victims of Guatemala's bloody civil war.
This is their story.
By Sonja
Perkic
WOMEN
Large
gender gaps remain across broad spectrum of global labour market
A
new International Labour Organisation report highlights the enormous
challenges women continue to face in finding and keeping decent jobs
around the world.
VIEWPOINT
The
vilification of Julian Assange
It is difficult to believe that the campaign against the whistleblower
Julian Assange is not politically motivated.
By Jeremy Seabrook
ANNIVERSARY
If
we want to understand African history, we need to understand the Battle
of Adwa
Hannah Giorgis explains the historical significance of
the victory of a Third World country against a European power in the
Battle of Adwa 120 years ago.
By Hannah Giorgis
A
terrible beauty
Remembering Ireland's 1916 Easter rebellion
Ireland was a laboratory for every manner of colonial repression
by the British. One hundred years after the Easter rebellion, it is
once again - this time by banks.
By Conn Hallinan
TRIBUTE
Berta
lives!
A look at the life and legacy of indigenous leader Berta Caceres,
whose assassination by Honduran death squads in March is a major blow
to the struggle of her people for social justice and liberation.
By Beverly Bell
POETRY
The
orphan
Regarded as one of the greatest and most original writers of modern
Arabic literature, the Syrian writer, playwright and poet Muhammad
al-Maghut (1934-2006) was a pioneer of Arabic free verse.
By Muhammad
al-Maghut
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