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Global Financial Crisis 2008

by Anup Shah

The global financial crisis, brewing for a while, really started to show its effects in the middle of 2007 and into 2008. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.

On the one hand many people are concerned that those responsible for the financial problems are the ones being bailed out, while on the other hand, a global financial meltdown will affect the livelihoods of almost everyone in an increasingly inter-connected world. The problem could have been avoided, if ideologues supporting the current economics models weren’t so vocal, influential and inconsiderate of others’ viewpoints and concerns.
Full Article 


Neo-liberalism and the politics of Australian aid policy-making

Author: Andrew Rosser
Introduction
The main driver of Australian aid policy has always been the government's foreign policy and security objectives (Davis ). But to the extent that the Australian aid program has had development-related objectives, neo-liberalism has provided the framework for how these are to be achieved. As noted in the Introduction to this special section, the principles of neo-liberalism have permeated key government reports on aid policy, key ministerial statements on the Australian aid program, and a range of other aid policy documents since the late 1970s. This paper examines the politics underlying this situation. It suggests that the dominant influence of neo-liberalism on Australian aid policy reflects two factors: the interests and structural power of Australian business and the institutional context within which aid policy-making in Australia occurs. The interests and structural power of Australian business, it is argued, have made the Australian government, whether under the Australian Labor Party (ALP) or the Liberal-National Coalition, predisposed towards neo-liberal aid policies while the institutional context has enabled the government to exclude groups who oppose these policies from meaningful participation in the aid policy-making process.  Full Article

Causes of Hunger are related to Poverty

There are many inter-related issues causing hunger, which are related to economics and other factors that cause poverty. They include land rights and ownership, diversion of land use to non-productive use, increasing emphasis on export-oriented agriculture, inefficient agricultural practices, war, famine, drought, over-fishing, poor crop yields, etc. This section introduces some of these issues.

Read “Causes of Hunger are related to Poverty” to learn more.

Solving World Hunger Means Solving World Poverty

Solving world hunger in the conventional sense (of providing/growing more food etc) will not tackle poverty that leads to hunger in the first place. Further, there is a risk of continuing the poverty and dependency without realizing it, because the act of attempting to provide more food etc can appear so altruistic in motive. To solve world hunger in the long run, poverty alleviation is required.

Read “Solving World Hunger Means Solving World Poverty” to learn more.

All text is available under the terms of the GNU Free Documentation License  unless otherwise noted