Category: Global Issues

A World in Crisis Needs Both Trade and Aid

By Global Issues GENEVA, Aug 16 (IPS) – We are in the toughest period the world economy has faced since the creation of the multilateral system more than three-quarters of a century ago. A quadruple shock of COVID, climate change, conflict and cost-of-living has undone years of hard-fought development gains. Read the full story, “A […]

Stagflation: From Tragedy to Farce

By Global Issues Sydney and KUALA LUMPUR, Aug 16 (IPS) – Half a century after the 1970s’ stagflation, economies are slowing, even contracting, as prices rise again. Thus, the World Bank warns, “Surging energy and food prices heighten the risk of a prolonged period of global stagflation reminiscent of the 1970s.” In March, Reuters reported, […]