Financial Crisis
A United Nations panel reviewing the U.S. record on racial discrimination has expressed unusually pointed concern over a new pattern of laws it warns is criminalising homelessness. U.S. homelessness has increased substantially in the aftermath of the financial downturn, and with a disproportionate impact on minorities. Yet in many places officials have responded by cracking […]
Argentina has now taken the U.S. to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy. Argentina was the richest […]
In this column, Yilmaz Akyuz, chief economist of the South Centre in Geneva, argues that in recent years developing countries have lost steam as recovery in advanced economies has remained weak or absent due to the fading effect of counter-cyclical policies and the narrowing of policy space, and he recommends measures to reduce the external financial vulnerability of the South.
In this column, Professor Joaquín Roy, Professor of European Integration and Director of the European Union Centre at the University of Miami, argues that although the United States and Europe are in crisis, they are still a magnet for the rest of the world, as shown by the ceaseless waves of migrants they attract.
Even though the U.S. economy is now expected to grow – albeit sluggishly – over the coming two years, inequality will not improve without policy reforms, a major grouping of rich countries is warning. President Barack Obama has named income inequality the “defining challenge of our time”, and has tried to make the issue a […]
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