‘South’ Not an Alternative Engine of Global Growth

By Martin Khor *
IDN-InDepth NewsAnalysis

The Eurozone crisis and the slowdown of the U.S. economy is impacting China, India and major countries in South America and Africa. They are increasingly faced with deterioration in GDP growth and exports. The forecast of a “staggering rise of the South” is turning out to be a myth.

GENEVA (IDN) – Developing countries are increasingly being adversely affected by the economic recession in Europe and the slowdown in the United States. The hope that major emerging economies like China, India and Brazil would continue to have robust growth, de-coupling from Western economies and becoming an alternative engine of global growth has been dashed by recent data showing that they are themselves weakening.

US Election: Girding for Final Phase of Campaigns

By Ernest Corea*
IDN-InDepth NewsAnalysis

WASHINGTON (IDN) – They are done. Democrats and Republicans have completed their conventions, and President Barack Obama has secured the anticipated post-convention bounce.

The latest Gallup poll puts Obama at 49 percent among registered voters, compared with 45 percent for former Massachusetts governor Mitt Romney. The Reuters/Ipsos poll also gives Obama a four-percentage-point lead over Romney, 47:43. Obama’s personal favourability rating has increased as well and his favourability:unfavourability score is up to 52:43. That’s a seven percentage point bounce.

ATOM Launched to Buttress Nuke Abolition

By Alyn Ware*
IDN-InDepth NewsViewpoint

NEW YORK (IDN) – The ATOM Project, an exciting new initiative to build global support for nuclear abolition, was launched at a parliamentary assembly in Astana, Kazakhstan on August 29, the International Day Against Nuclear Tests.

The project, entitled Abolish Testing: Our Mission (ATOM), highlights the catastrophic humanitarian consequences of the use of nuclear weapons – particularly the nuclear tests conducted in Kazakhstan that have adversely affected the health and lives of nearly 2 million people. The images of the survivors, though sometimes difficult to witness, are featured in the campaign in order to raise awareness surrounding the damage nuclear testing can cause.

Bad News for the World Economy

By Santo Das Gupta
IDN-InDepth NewsReport

PARIS (IDN) – The prospects for the world economy look rather gloomy in the coming two years, says a respectable international economic organisation of 34 countries. The situation can, however, be redeemed if leading industrial and emerging countries take “bold decisions” to get the global economy back on track, it adds.

Bad News for the World Economy

By Santo Das Gupta
IDN-InDepth NewsReport

PARIS (IDN) – The prospects for the world economy look rather gloomy in the coming two years, says a respectable international economic organisation of 34 countries. The situation can, however, be redeemed if leading industrial and emerging countries take “bold decisions” to get the global economy back on track, it adds.

Free the World from the Nuclear Chain

By Xanthe Hall*
IDN-InDepth NewsViewpoint

Nuclear Power and the Bomb are inextricably linked through an atomic chain. The nuclear era began in Germany, so we have a specific responsibility to end it sooner rather than later.

BERLIN (IDN) – We talk about abandoning nuclear energy or abolishing nuclear weapons. But this is not enough. They are only the visible products of a whole chain of production that binds us – the nuclear chain. This chain does much more damage than we are aware of.

Is Time Ripe to Abandon the IMF?

By Raúl de Sagastizabal
IDN-InDepth NewsEssay

Hedging behaviour, a high degree of groupthink, intellectual capture, a general mind-set that excludes contrary views, fiefdom battles, inadequate analytical approaches, and lack of accountability should make governments ask themselves whether the time has not come to withdraw their support for the IMF.

Is Time Ripe to Abandon the IMF?

By Raúl de Sagastizabal
IDN-InDepth NewsEssay

Hedging behaviour, a high degree of groupthink, intellectual capture, a general mind-set that excludes contrary views, fiefdom battles, inadequate analytical approaches, and lack of accountability should make governments ask themselves whether the time has not come to withdraw their support for the IMF.

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