IMF Pleads Guilty But Insists on Austerity

By Julio Godoy* | IDN-InDepth NewsAnalysis

BERLIN (IDN) – Under different conditions, the recent admission by the head economist of the International Monetary Fund, Olivier Blanchard, that the Fund was dead wrong when it prescribed tough austerity measures to countries trapped in a sovereign debt crisis and in recession, would be a reason for satisfaction. But the price paid by the youth in Greece, Italy, Portugal, and Spain, to name only the European victims of the IMF ill advices, is too high for celebrating being right.

Indian Olympic Association Farce Unveils Entrenched Ills

By Shastri Ramachandaran
IDN-InDepth NewsViewpoint

NEW DELHI (IDN) – Just months after India achieved its best ever, if still meagre, Olympic haul of six medals, the Indian Olympic Association (IOA) was suspended because of excessive governmental interference in its work.

The paradox is that the Indians, who were visibly proud at the country’s performance in the London Olympics (July-August 2012), were hardly seen lamenting the IOA’s loss of place and face in the international arena.

The average television-watching, newspaper-reading Indian is thrilled by the winning performances of Indians in international events – be it the Olympics, Asian Games or Commonwealth Games. But this Indian is not conspicuously upset if the country fails to make a mark. It is simply written off as another bad day, and life goes on.

Robots Changing Modern Battlefields

By Chas Henry* | IDN-InDepth NewsReport

This report, by Washington-based national security correspondent Chas Henry, was broadcast during December 2012 on All News 99.1 WNEW, a CBS Radio station in Washington DC. You can hear Chas Henry’s’ audio documentary here: www.chashenry.com/robot-wars-2/

Washington DC (IDN) – When we humans go to war, our least favorite way is hand to hand, face to face.

“It speaks to human nature,” says Massachusetts Institute of Technology Professor Missy Cummings, a former Navy fighter pilot. “We don’t really like to kill, and if we are going to kill, we like to do it from far away.”

Zero Interest Loans For The Poor Until 2014

By J C Suresh
IDN-InDepth NewsReport

TORONTO (IDN) – As part of a wider strategy to support concessional lending to poorer countries that are combating the effects of the global economic crisis, the International Monetary Fund (IMF) has approved a two-year extension to the zero interest rates charged on loans to low-income countries

Subsequent to further weakening of global growth and low-income countries’ declining ability to withstand the crisis, the IMF approved a second extension to the exceptional interest waiver on loans under its Poverty Reduction and Growth Trust (PRGT).

The Relevance of Steady State Economics

By Brian Czech*
IDN-InDepth NewsViewpoint

ARLINGTON | USA (IDN) – The Center for the Advancement of the Steady State Economy (CASSE) has been the leading organization in advancing the steady state economy as a policy goal for nearly ten years. Maybe that’s not saying much, because CASSE has been the only organization focused on advancing the steady state economy. But times, they are a-changin’.

Others are sure to come on-board as climate change, biodiversity loss, supplies shocks and other formidable problems are all traced back to too much economic growth. Too much production and consumption of goods and services in the aggregate. Too much population and per capita consumption. Too much GDP. Too much economic activity for the planet and its polities to take.

Negotiate with North Korea Sans Illusions

By Daniel Pinkston*
IDN-InDepth NewsAnalysis | Crisis Group’s Blog

SEOUL (IDN) – North Korea has beaten its South Korean rival in the race to place a satellite into earth orbit, becoming the 10th nation to do so. Despite this impressive scientific and engineering achievement, the launch (on December 12) violates UN Security Council resolutions that prohibit all North Korean launches using ballistic technologies. Pyongyang argues that as a signatory to the Outer Space Treaty it has the sovereign right to launch satellites because Article 1 stipulates that “outer space…shall be free for exploration and use by all states without discrimination of any kind…”

Upsurge in Support for Death Penalty Abolition

By J C Suresh | IDN-InDepth NewsReport

TORONTO (IDN) – There are miles and miles to go before capital punishment is at last accepted as a remnant of the gory past and abolished. But indications are that it is slowly on its way out. Amnesty International has welcomed an upsurge in global support for abolition of the death penalty, after the UN General Assembly (UNGA) voted overwhelmingly in favour of a moratorium on the use of the death penalty.

In the vote on December 20, the fourth such vote by the plenary session of the UNGA since 2007, 111 states voted for the resolution – an increase of two from the last vote in 2010. There were 41 votes against, with 34 abstentions.

‘The Global Challenge is Already Upon Us’

By J. Brian Atwood*
IDN-InDepth NewsViewpoint

PARIS (IDN | OECD) – The 20th century American environmentalist John Muir said, “Everything is connected to everything else”. Yet while this is true in the natural world, it is sadly still not true in the policy world, which is subject to a diversity of views, objectives and competing agendas – particularly when it comes to environmental issues. If we are to achieve the common goal of “sustainable development”, more policy convergence is essential.

This year’s Development Co-operation Report (DCR) explores the ideas and orientations of leaders, thinkers and pioneers in diverse public policy areas and disciplines who are contributing to connecting everything to everything else in this sphere as well.

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