In the past two decades, the external debt of developing countries has quadrupled to $11.4 trillion (2023). It is important to understand that this money owed to foreign creditors is equivalent to 99% of
Class struggles interact with but are different from power struggles. The ancient conflicts between city-states Athens and Sparta were power struggles, while within each, slaves and enslavers engaged in class struggles. Britain
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Financial risk has eased in several Asian countries. After announcing that it would suspend external debt repayments indefinitely in April 2022, Sri Lanka secured final approval from the IMF for a US$2.9bn
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Click here to read Part 1 of this series Neo-liberalism Neo-liberalism is not a solution, but the principal cause of the problem. I would like to offer some personal insights here from
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Early U.S. capitalism was centered in New England. After some time, the pursuit of profit led many capitalists to leave that area and move production to New York and the mid-Atlantic states.
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Philippine President Ferdinand Romualdez Marcos on Tuesday signed into law the Maharlika Investment Fund (MIF) Act, establishing the country’s first-ever sovereign investment fund. “For the first time in the history of the
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On July 1, Sri Lanka’s parliament approved, through a majority 122-62 vote, a plan to restructure the government’s domestic debt, which totalled 15.4 trillion Sri Lankan rupees at the end of March 2023.
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The New Gilded Age, wars along the Russian border, a global pandemic, battles for women’s rights, even the Titanic: history does rhyme with the present. Yet as former New York Times columnist Bob
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