News headlines for “Free Trade and Globalization”, page 155
The Myth of Development by Privatisation
- Inter Press Service
NEW DELHI, Apr 20 (IPS) - Oxfam’s report ‘Inequality Kills 2022’ and its India supplement (hereafter referred to as the report) revealed some shocking facts about the growing gap between the rich and poor. India, which has the third highest number of billionaires in the world, endured one of the longest-lasting COVID-induced lockdowns in 2020. Yet, the same year, the top 10 percent of India held close to 45 percent of the country’s total national wealth.
Sri Lankan Economic Crisis Inflicted by Self-Serving Elite
- Inter Press Service
SYDNEY and KUALA LUMPUR, Apr 19 (IPS) - Once deemed a basic human needs success story, Sri Lanka (SL) is now in its worst economic crisis since independence in 1948. Nonetheless, SL’s ‘moment of truth’ now offers lessons for other developing countries.
Millet seeds, a powerful weapon against hunger
- UN News
A World Food Program-backed initiative to deliver millet seeds to vulnerable people is taking root in Odisha, India, where it is helping to ward off hunger and improve livelihoods.
Climate Risk Insurance in Pacific Small Island Developing States: Possibilities, Challenges and Vulnerabilities
- Inter Press Service
CANBERRA, Australia, Apr 14 (IPS) - The World Bank lists Fiji, Kiribati, Marshall Islands, Federated States of Micronesia, Nauru, Palau, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu as Pacific Small Islands Developing States (PSIDS). Some listings also include the Cook Islands, Niue and Tokelau. In September 2019, these countries had a combined population of 2.3 million spread over hundreds of islands spread over an area roughly equivalent to 15% of the surface area of the earth. Of these, the most populated country – Fiji – has a population of 900,000. The World Bank’s World Development Indicators reveal that annual per capita GDP of these islands fell from $4,340 in 2018 to $3,768 in 2020. It has probably fallen further during the pandemic.
Oil Crisis Offers Opportunities to the South and to the Green Energy Transition
- Inter Press Service
CARACAS, Apr 13 (IPS) - The oil and gas supply crisis unleashed by the Russian invasion of Ukraine represents new business opportunities for the oil-producing countries of the developing South, both traditional and emerging, and also for accelerating the global transition to green forms of energy.
Eastern Africa: Millions displaced, amid growing hunger, ‘unprecedented needs’
- UN News
Millions of displaced families across eastern Africa will fall deeper into hunger as food rations dwindle due to humanitarian resources being stretched to the limit as the world grapples with a toxic cocktail of conflict, climate shocks, and COVID-19, UN humanitarians warned on Wednesday.
Africa Commits to Green Recovery from COVID-19 Amid Daunting Challenges
- Inter Press Service
KIGALI, Apr 12 (IPS) - Climate change activist Mithika Mwenda, the Executive Director of the Pan African Climate Justice Alliance (PACJA), is not reluctant to engage African governments to do what’s necessary to commit to post-COVID-19 green growth strategies.
WHO welcomes initiative to combat noncommunicable diseases, responsible for 7 in 10 deaths worldwide
- UN News
The World Health Organization (WHO) on Tuesday, welcomed the setting up of a new Heads of State and Government Group to get the world back on track to reduce premature deaths from noncommunicable diseases like diabetes, cancer, heart and lung disease, by a third – in line with the Sustainable Development Goals (SDGs) - and promote mental health and well-being.
Tackling the Pandemic of Inequality in Asia and the Pacific
- Inter Press Service
BANGKOK, Thailand, Apr 12 (IPS) - After two years of human devastation, the world is learning to live with COVID-19 while trying to balance the protection of public health and livelihoods.
For countries in Asia and the Pacific, this is challenging not only because national coffers are heavily strained by record public spending to mitigate pandemic suffering, but also due to deeper structural economic issues.
China Debt Traps in the New Cold War
- Inter Press Service
SYDNEY and KUALA LUMPUR, Apr 12 (IPS) - As China increases lending to other developing countries, ‘debt trap’ charges are growing quickly. As it greatly augments financing for development while other sources continue to decline, condemnation of China’s loans is being weaponized in the new Cold War.
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