Finance and debt

The Asian financial crisis started 20 years ago and the global financial crisis and recession 9 years back. When a new global financial crisis strikes, the developing countries will be more damaged than in the last crisis as they have become less resilient and more vulnerable. They thus need to prepare from being overwhelmed.

Don’t despair that the huge gaps between rich and poor cannot ever be bridged. As Oxfam's new 'Commitment to Reducing Inequality' index shows, government policies really can help to shape more – or less – equal societies and economies. By Max Lawson.

Climate change is becoming a permanent reality affecting food supplies in many parts of the world, escalating a new international food crisis in 19 countries. As the trend of increasing migratory flows worsens, there is no escape from the need for a rapid reduction in carbon emissions, writes Paul Rogers for openDemocracy.

気候変動は世界の多くの地域で食料供給に影響を与える恒久的な現実となっており、19か国で新たな国際食料危機が拡大しています。移民の流れが増加する傾向が悪化するにつれ、二酸化炭素排出量の急速な削減の必要性から逃れることはできない、とopenDemocracyのポール・ロジャース氏は書いています。

A collection of myth-busting insights about global inequality and the creation of poverty, with key questions to ponder in the latest human rights reader no. 417, by Claudio Schuftan.

A new politics is needed if the incredible riches of our world are to be shared by the many. But the G20 cannot or will not adopt such a redistributive and regulatory agenda; only massive popular action can bring it about, writes Nick Dearden.

Unbridled growth appears to be at odds with social well-being and environmental sustainability. How might we develop a model that reduces the imperative for growth while maintaining economic stability? By Riccardo Mastini for openDemocracy.

Public services in some of the world’s poorest countries are being starved of resources as a result of their governments’ heavy debt loads, the Jubilee Debt Campaign has warned.