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"While emerging economies boom, equality goes bust" - [Science - 23/05/14]

"In China, the richest 10% now makes 13 times as much as the poorest 10%, compared with five times as much in the United States, according to data from the China Family Panel Studies, run by Peking University's Institute of Social Science Survey in Beijing." [more]


"6th BRICS Summit: the seeds of a new financial architecture" - [ALAI 01/07/14]

A monetary stabilization fund called Contingent Reserve Arrangement (CRA) and a development bank called BRICS Bank will operate as a multilateral mechanism in support of balance of payments and investment financing. De facto, the BRICS will distance themselves from the International Monetary Fund (IMF) and the World Bank... [more]


"China expands plans for World Bank rival" - [FT 24/06/14]

China is expanding plans to establish a global financial institution to rival the World Bank and the Asian Development Bank, which Beijing fears are too influenced by the US and its allies. In meetings with other countries, Beijing has proposed doubling the size of registered capital for the proposed bank to $100bn, according to two people familiar with the matter. [more]


"Why Africa's economic growth is not reducing poverty" - [APP - 20/06/14]

Africa may be showing impressive headline growth, but too many of their people remain stuck in poverty. This year’s Africa Progress Report finds that "if we want to accelerate Africa’s transformation, then we have to significantly boost our agriculture and fisheries, which together provide livelihoods for roughly two-thirds of all Africans." [more]


"The BRICS: Yash Tandon asks tough questions - which we all need to ponder" - [Pambazuca News 11/06/14]

Patrick Bond addresses questions raised by Yash Tandon in regards to the role of the BRICS in Africa and in the current configuration of the neoliberal international capitalist order. The challenge is for critics of BRICS to strategise with the world’s progressive forces to build a genuine anti-imperialist movement. [more]


"On Sub-imperialism and BRICS-bashing" - [Pambazuca News 21/05/14]

This essay focuses on the paper by Bond – ‘BRICS and the tendency to sub-imperialism’ - that is a little better grounded in theory than the others. I argue that Bond and his colleagues are inventing a category that simply does not exist. It is a distraction from real issues of concern to progressive forces everywhere. I write in the hope that others might feel inclined to join in this debate. [more]

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