Global Issues
News headlines for “Free Trade and Globalization”, page 339
1997 Asian Crisis Lessons Lost
- Inter Press Service
KUALA LUMPUR, Jul 05 (IPS) - After months of withstanding speculative attacks on its national currency, the Thai central bank let it ‘float' on 2 July 1997, allowing its exchange rate to drop suddenly. Soon, currencies and stock markets throughout the region came under pressure as easily reversible short-term capital inflows took flight in herd-like fashion. By mid-July 1997, the currencies of Indonesia, Malaysia and the Philippines had also fallen precipitously after being floated, with stock market price indices following suit.
The Greater Caribbean Raises Funds to Protect its Sandy Coasts
- Inter Press Service
HAVANA, Jul 01 (IPS) - Almost no Caribbean beach escapes erosion, a problem that scientific sources describe as extensive and irreversible in these ecosystems of high economic interest, that work as protective barriers for life inland.
Caribbean Seeks to Climate-Proof Tourism Industry
- Inter Press Service
BRIDGETOWN, Barbados, Jun 30 (IPS) - The tourism industry is the key economic driver and largest provider of jobs in the Caribbean after the public sector. Caribbean tourism broke new ground in 2016, surpassing 29 million arrivals for the first time and once again growing faster than the global average.
Southeast Asia: From Miracle To Debacle
- Inter Press Service
KUALA LUMPUR, Jun 29 (IPS) - The World Bank and other influential international financial institutions and development agencies have been touting Southeast Asian (SEA) newly industrializing countries as models for emulation, especially by African developing countries seeking to accelerate their development transformations. But these recommendations are usually based on misleading analysis of their rapid growth and structural transformation.
Insurance: A Valuable Incentive for Small Farmers’ Climate Resilience
- Inter Press Service
PEMBA, Zambia, Jun 29 (IPS) - Frequent extreme weather and climate shifts pose a challenge to already vulnerable groups such as smallholder farmers in the developing world. Between 2004 and 2014, farmers are said to have endured the brunt of the 100-billion-dollar cost of climate-related disasters.
China Drives Nuclear Expansion in Argentina, but with Strings Attached
- Inter Press Service
Putting the Spotlight on Women Migrant Workers
- Inter Press Service
UNITED NATIONS, Jun 24 (IPS) - Migrant workers, and their economic contribution to the development of both the country of origin and the host country, have caught the eye of governments and policymakers worldwide.
Global Devaluation of Work Drives Up Unemployment in Brazil
- Inter Press Service
RIO DE JANEIRO, Jun 24 (IPS) - In addition to driving up the number of unemployed people to 14.2 million, the severe recession of the last two years led Brazil to join the global trend of flexibilisation of labour laws in order to further reduce labour costs.
UN Response Teams Underfunded as Costs Hit Staggering $23.5 Billion
- Inter Press Service
UNITED NATIONS, Jun 23 (IPS) - UN response teams that help the most vulnerable people in the world are still largely underfunded, a new status report has revealed.
The funding available to the teams is no match for the record number of people—141 million—who need assistance today.
East Asia’s real lessons
- Inter Press Service
KUALA LUMPUR, Jun 21 (IPS) - International recognition of East Asia's rapid economic growth, structural change and industrialization grew from the 1980s. In Western media and academia, this was seen as a regional phenomenon, associated with some commonality, real or imagined, such as a supposed ‘yen bloc'.
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