The World Bank has warned of new threats to efforts to reduce poverty in the developing world.
In its twice-yearly assessment of global economic prospects, the World Bank forecasts only a modest increase in growth and warns of new threats of poverty in the Thirld World.(...)
The CEFID-AR of Argentina (http://www.cefid-ar.org.ar) prepared an special report to analyze critical aspectos of the world’s governance for debates related to last G-20 Summit (Think 20) hold in Turkey.(...)
This report, the latest in a series of annual reports by Global Financial Integrity (GFI), provides
estimates of the illicit flow of money out of the developing world-hereafter referred to as illicit
financial flows (IFFs) or illicit outflows-from 2004 to 2013, the most recent ten years for which data
interview to Costas Lapavitsas, a member of the Greek parliament, one of the left legislators of Syriza that voted against the new severe recessive and regressive measures placed to Greece Lapavitsas is professor of Finance in the University of London.
DIMITRI LASCARIS: This is Dimitri Lascaris for the Real News.
On July 13 in the early morning Alexis Tsipras, the prime minister of Greece, entered into a deal in principle with the creditors of Greece which will involve the opposition (...)
The “institutions” will only equip the Greek economy with enough operating funds to manage a bare-bones operation. And they will begrudgingly accede to this only if Syriza maintains a primary surplus and the neoliberal labour market reforms that the Troika judges necessary to keep the Greek economy, and other eurozone economies, competitive in the global market. The left-wing government must, in essence, demonstrate that its loyalty to the European bankers’ project takes precedence over its obligations to democracy.(...)
Greece was one of the countries that suffered the most, much more than France, Belgium or the Netherlands. If we add up the 1941 war loan and war damages Germany owes between €100 and €200 billion to Greece, between one or two thirds of Greece’s current public debt. Greece never formally relinquished its right on this debt.(...)
what kind of a milestone will it be? We can get some ideas from focusing on a few key issues, especially economic policy, which remain surrounded by much confusion in the public debate.(...)
The world economy has changed after the end of WWII. Keynes’ statement that underdeveloped countries “clearly have nothing to contribute and will merely encumber the ground” (quoted in Camara-Neto and Vernengo 20009, 200) at Bretton Wood was true at that time but perhaps it does not hold any more nowadays. Economically and politically several underdeveloped countries seems to be very important today (Glosny 2010). However, does it mean that these underdeveloped countries grouped in BRICS (...)(...)
The following is Part 2 of the transcript of the interview of Dr Yılmaz Akyüz, Chief Economist of the South Centre, with The Real News Network (a daily internet-based video news service) on US & European crisis mismanagement and global imbalances.(...)
Argentina’s ’vulture fund’ crisis threatens profound consequences for international financial system: UNCTAD
In a special essay analyses the Argentinian debt-restructuring crisis and reiterates its long-standing call for a sovereign debt workout mechanism. UNCTAD is the United Nations Conference on Trade and Development based in Geneva.