News headlines for “Free Trade and Globalization”

  1. India’s Trinity of Challenges

    Friday, March 27, 2020

    NEW DELHI, Mar 27 (IPS) - The exigencies of combatting the coronavirus pandemic on a war-footing -- Prime Minister Narendra Modi has announced a nationwide stay-at-home lockdown for 21 days to break the chain of transmission -- has certainly deflected attention from equally pressing challenges confronting India.

    The nation's capital witnessed horrific communal violence when the US President was visiting India, triggering international outrage, including from the South. The economy also deserves attention as growth has been decelerating since 2016-17. With the virus shock, the pace of expansion will contract as the economy shuts down and slides into recession.

  2. East Asian Lessons for Controlling Covid-19

    Thursday, March 26, 2020

    KUALA LUMPUR, Malaysia, Mar 26 (IPS) - By the third week of March 2020, the number of Covid-19 deaths in Italy had overtaken the number of deaths in China. Authorities all over the world are restricting the movements of their populations as part of efforts to control the spread of Covid-19.

  3. COVID-19 in the Time of Insecurity

    Thursday, March 26, 2020

    AMMAN, Jordan, Mar 26 (IPS) - Humankind has outlived multiple pandemics in the course of world history. The kingdoms and states of Central and Western Europe abolished the institution of serfdom once it had become clear that medieval rule in the aftermath of devastating pestilence would founder without ending the dependency and servitude that characterized the Dark Ages.

    The vulnerability of entire nations to the risk of total collapse in the absence of widespread access to the most basic healthcare in the Spanish Flu spurred governments to build the public health systems that have made the progress and development of the last hundred years possible. If the past is prologue, then continuity and survival command that we change.

  4. Stronger UN Leadership Needed to Cope with Coronavirus Threat

    Tuesday, March 24, 2020

    SYDNEY and KUALA LUMPUR, Mar 24 (IPS) - The economic impact of the coronavirus pandemic is hard to predict as events are still unfolding, and estimates vary dramatically. UNCTAD estimates lost output in the order of US$1 trillion, just over a third of Bloomberg's expectation of US$2.7 trillion in losses. The OECD expects global economic growth to halve from already anaemic levels.

  5. Fisherfolk Fix Both Food and Climate by Closing Fishing Grounds

    Monday, March 23, 2020

    JAKARTA, Mar 23 (IPS) - Samsul sounded very happy last Monday (Mar. 16) when recounting his experience of catching crabs worth more than $60 in a single day. 

  6. Fighting Coronavirus: It’s Time to Invest in Universal Public Health

    Monday, March 23, 2020

    NEW YORK and LONDON, Mar 23 (IPS) - Austerity policies pushed by international financial institutions have weakened public health systems, despite current financial support packages, condemning many people to die.

  7. Women & Climate: Planting a Global Forest in a Connected World

    Monday, March 23, 2020

    NEW YORK and TORONTO, Mar 23 (IPS) - In January of this year, Britain's Prince Harry and his wife Meghan, the Duke and Duchess of Sussex, shocked much of the world when they announced they would be stepping down from their roles as senior royals.

  8. State Intervention Necessary to Overcome Covid-19 Threats

    Thursday, March 19, 2020

    BERLIN and KUALA LUMPUR, Mar 19 (IPS) - It is now clear that most East Asian government responses to novel coronavirus or Covid-19 outbreaks have been effective. In Hong Kong, Japan, Singapore and Taiwan, the number infected have remained relatively low despite their proximity and vulnerability, while containment in China and South Korea has been impressive.

  9. Use Stimulus Packages for Longer Term Progress

    Wednesday, March 18, 2020

    SYDNEY, Mar 18 (IPS) - The coronavirus pandemic seems to have finally forced governments around the world to ditch their obsession (at least for the moment) with delivering budget surplus. As stock markets tumble, stimulus measures, worth billions of dollars, are announced to boost investor confidence and consumer spending to keep economies running.

  10. Share Buybacks Enable Predatory Value Extraction

    Tuesday, March 17, 2020

    KUALA LUMPUR, Malaysia, Mar 17 (IPS) - ‘Getting government out of the way', the neoliberal ‘free market' mantra, was supposed to boost private investment. Instead, business investment has declined as a consequence. Many economies now seem incapable of making much needed investments to sustain growth, apparently due to ‘capital allocation' problems.

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