Hunger and malnutrition may kill millions of people in 20 years. The global tragedy is likely to be caused by three interrelated factors: fluctuations of food prices, extreme weather conditions and climate instabilities. The contradiction between the growing human needs and objective limits of resource become more and more serious
The growth of the neoliberalism school in the 1990s, with zealous implementation through variations of Thatcherism, Reaganomics, Rogernomics, and economic rationalism in Australia, has cleared the rich forests of local manufacturing enterprises that once existed in Europe, the US and Australia
On April 17, the world marked the International Day of Action against the Transatlantic Trade and Investment Partnership (TTIP). Demonstrations were held in London, Brussels, Madrid and Helsinki. Why do people protest?
Amid rumors that Greece might not pay its creditors if there is no progress in negotiations on its bail-out plan, Athens has made it clear that one thing is not linked to the other and has denied reports that it is planning to default, while stressing that it is doing everything possible to reach an agreement as soon as possible
China has long been advocating the inclusion of its national currency, the yuan, in the list of reserve currencies of the International Monetary Fund. Yet, the United States remains opposed to this claiming that the yuan is still not strong enough for the honor. However, many economists, including in the United States, think otherwise
American history over the last 100 years has been dominated by one institution, The Federal Reserve Bank. Interestingly, to this day few Americans know what it really is or exactly what it does. In how many different ways does the US most benefit from the petrodollar? Why does Saudi Arabia sell its oil for US dollars?
Stimulating economic growth outside the limits only increases the pressure on the services provided by nature. Growth is synonymous with expansion (increasing the amount of goods produced), and the ecological world no longer supports a type of overly aggressive expansion of the scale of nature values, especially biodiversity.
After World War II, and up until 1971, the US dollar was backed by gold. That meant that dollars were convertible to gold and it is the sole reason that the dollar was said to be, "as good as gold". Nixon unilaterally cancelled convertibility. In 1980, inflation was the mass media's favorite buzz-kill word, it peaked at 13.5%. Gold soared to $850
Russia was the first among BRICS members to have ratified the establishment of the New Development Bank, the main goal of which is to support investment projects for participating associations. The new bank is seen not only as support to economies of the five countries, but also good counterbalance to the IMF
While consumption is growing "attending" the interests of a privileged few, the environment degrades greatly as more economic growth accounts for exhaustion (the origin of the term "fatigue") of natural and energy resources and the complete depletion of ecosystem services.
The EU has recently presented the concept of the energy alliance to relieve Europe of its dependence on Russia's Gazprom with the help of gas supplies from the Middle East. It is an open secret that Brussels does not want to depend on Russia. Today, Brussels is a step away from victory. Are EU members ready to refuse from their own energy policy
Cooperation between Russia and Ukraine on the An-70 military aircraft has been terminated. According to the Russian Defense Ministry, Russia will insist on the return of its investment share in the project. Is it a big loss for the Russian army? Modifications of the IL-76 have been a basic transport aircraft for the Russian army for 30 years
The collapse of oil prices that has already eaten much of the income of both Russian and American corporations has reached Kazakhstan. The economic crisis is looming over another member of the Customs Union. Is there a threat to the Customs Union during the period of the economic hardship? What does the Kazakh administration do to avoid the crisis?