Development

Created
Sat, 21/09/2024 - 04:37
Every few years the UN publishes one of these big papers on “world population prospects”, which are… exactly what they sound like: a best guess at what’s going to happen with the world’s population over the next few decades. Nut graph after the jump: So the UN’s current best guess is that world population will […]
Created
Mon, 01/05/2023 - 13:50
There is something deeply wrong with the world under Capitalism when the poorest countries in the world pay more out on debt servicing to loans that the wealthy countries have provided than they do on maintaining their health care services. I have been examining data derived from the World Bank WDI database and the IMF…
Created
Fri, 21/04/2023 - 02:09

Professor Youba Sokona, Vice-Chair of the Intergovernmental Panel on Climate Change (IPCC) and African energy specialist, on how the Ukraine conflict had re-shaped thinking amongst many Africans, and on the transformation in leadership needed to address the problems faced by the majority of Africa’s people.

Created
Tue, 18/04/2023 - 06:24

Martin Guzman, Argentina’s former Minister of Economy, explains how the role of power should be central to economic research – especially when it comes to sovereign debt.

Over half of all developing countries in the world are either currently in, or headed toward debt distress.

People are waking up to discover that another international debt crisis of enormous proportions looms on the horizon of a scale not seen since the early 1980s, after which Latin America and Africa slogged through a “lost decade.” Implosions of this magnitude can wipe out years of progress in health, education, and social stability. Yet not many people understand why and how this is happening.

As a new crisis gains momentum, economist Martin Guzman, former Minister of the Economy of Argentina and co-president of Columbia University’s Initiative for Policy Dialogue offers his perspective on what has gone wrong and what can be done to address it. In his view, you can’t understand debt crises without confronting the power dynamics at play.