Turkey

Created
Tue, 17/10/2023 - 06:00

Over the past decade, two, intertwined research agendas on international financial subordination (IFS) and subordinate financialization (SF) have proposed to identify how an increasingly finance-dominated global capitalism incorporates the (Semi-)Peripheries.

The IFS research agenda recognizes that a “subordinate” national currency comes with a risk premium increasing the costs of financing public debt – in other words, the current, US dollar-based currency hierarchy acts as a structural fiscal constraint in the Global South, limiting the scope for badly needed public investments. Foreign capital – in the form of foreign currency-denominated sovereign and private debt-, foreign aid, and foreign direct investment – is then touted as a solution to this artificial and unfair developmental constraint.

Created
Wed, 22/02/2023 - 06:56

Amidst the tragedy of the devastating earthquake in Syria and Türkiye, the heroism of those who save lives and offer support amid unimaginable odds serves as a reminder of the abundant humanity so often overlooked in the region.

The post Amid Rubble and Tears, a Glimmer of Hope: The Real Heroes in Syria and Türkiye appeared first on MintPress News.