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Development Debate

Is dependency theory still relevant today? A perspective from the global south

In the past, dependency thoughts broke some political boundaries and explained the reasons why wealthy nations were taking advantage of poor countries, and today they are useful in explaining recurring financial crises, the reckless use of natural resources and widening inequalities both in the global South and the North.

COVID-19 crisis threatens Sustainable Development Goals financing, says OECD

According to the OECD’s latest Global Outlook on Financing for Sustainable Development, developing countries are facing a shortfall of USD 1.7 trillion in the financing they would need this year to keep them on track for the 2030 Sustainable Development Goals (SDGs), as governments and investors grapple with the health, economic and social impacts of the COVID-19 crisis.

Pandemic profits for companies soar by billions as poorest struggle to get by

Thirty-two of the world’s largest companies stand to see their profits jump by $109 billion more in 2020 as the Covid-19 pandemic lays bare an economic model that delivers profits for the wealthiest on the back of the poorest, according to a new Oxfam report released this week.

Introducing the ‘buddy system’ in global development

The goal of the buddy system is not the artificial redistribution of wealth from the wealthier to the poorer countries. The goal is to facilitate interaction and exchange between the buddy countries on different levels, from administration to citizen initiatives.

China’s Belt & Road Initiative: economic prosperity or hegemony?

Chinese President Xi Jinping’s debtbook diplomacy under the guise of a developmental helping hand, an economic windfall to his South-South friends, turns into a stranglehold on their very sovereign economic livelihoods.

The World After COVID-19

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COVID-19 offers mankind a blank page for a new beginning. The question, however, is are we prepared for a fresh start?

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