Category: Global Insights

How does the structure of the international financial system cause a drain of wealth from the poor to the rich? Political economists Radhika Desai and Michael Hudson discuss the politics of debt. RADHIKA DESAI: ……You may think that today, given the events of recent weeks, we might be talking about the wars that seem set to…

Political economists Radhika Desai and Michael Hudson are joined by Beijing-based scholar Mick Dunford to discuss what is actually happening in China’s economy, explaining its technological development and transition toward a new industrial revolution. RADHIKA DESAI: So, China’s economy is what we’re going to talk about today. Where is it at after decades of breakneck growth,…

Political economists Radhika Desai and Michael Hudson are joined by Beijing-based scholar Mick Dunford to discuss China’s economy and debunk Western media myths, addressing accusations that consumption is too low, fears of “Japanification”, the role of exports, and the new Chinese growth strategy. RADHIKA DESAI: As we pointed out last time, China’s breakneck growth has not…

As many of you will know, general elections are currently underway in India, elections which the ruling BJP and the Prime Minister, Mr. Narendra Modi, are expected to win easily. Victory would give Modi a third term in government, a feat previously accomplished only by the country’s first Prime Minister, Jawaharlal Nehru. Sections of the…

Regional organizations are trying to overcome the legacy of their dependence on the West. Over the past three years, the political events in Mali, Guinea, Burkina Faso, and Niger have attracted international attention and raised the issue of external influence in the Economic Community of West African States (ECOWAS). Africa seems to stand on the…

Bejing knows the EU’s leading states don’t want to break off relations, and it’s placing its bets on them holding firm. “Even paranoids have real enemies,” is a famous aphorism attributed to a prominent political figure of the past. What it means is that even the habit of suspecting everyone around you of a conspiracy is…

“The ruling party suffered major setbacks in the recent elections; Ankara’s domestic policies and global role are at a crucial junction”. In the wake of the March 31 municipal elections, Turkish President Recep Tayyip Erdogan made a significant announcement, declaring them to be his final political contest within the bounds of current legislation. He stated, “For…

143 countries, representing the vast majority of the world, voted at the UN General Assembly to support giving Palestine full membership. They were opposed by the US, Israel, and seven other small states, representing just 5% of the global population. The vast majority of countries on Earth voted at the United Nations General Assembly to…