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THIRD WORLD RESURGENCE

Issue No. 238/239 (Jun/Jul 2010)

COVER: Whither Global Financial Reform?

US financial reform law: weak and wanting
The weak and watered-down US financial sector reform legislation is woefully inadequate in averting the next financial crisis.
RICK ROWDEN

US financial regulations: Plugging holes in a faulty dam
There is not much to celebrate in the US financial reform legislation.
JEFF MADRICK

EU financial reform: Some small steps, but no fundamental changes in sight
Some important elements are missing in the EU financial reform agenda.
MYRIAM VANDER STICHELE

Still no sign of agreement on financial regulation by rich countries
There is still no consensus among the industrialised countries on financial reform.
JULIO GODOY

Global financial reforms and developing countries
Kavaljit Singh provides the perspective of developing countries on global financial reform.
KAVALJIT SINGH

South Korea imposes currency controls for financial stability
In the present uncertain times, imposition of capital controls becomes imperative since the regulatory mechanisms to deal with capital flows are national whereas the financial markets operate on a global scale.
KAVALJIT SINGH


ECOLOGY

Pay developing nations for eco-disasters
The $20 billion put aside by BP to pay for the effects of the Gulf oil spill contrasts with the lack of accountability of big firms that cause environmental harm in developing countries.
MARTIN KHOR

Anti-biopiracy accord negotiations to resume in September
With the core issues still unresolved, negotiations on a new international treaty to prevent biopiracy are to resume for another week in Montreal, Canada.
CHEE YOKE LING

CLIMATE CHANGE

Pakistan floods confirm climate crisis
The flooding of Pakistan is linked to climate change and a sign of more calamities to come.
MARTIN KHOR


ECONOMICS

Youth unemployment at all-time high
The financial crisis resulted in a record 80 million youths being out of work last year.
KANAGA RAJA

Mining for El Salvador’s gold – in Washington
Two transnational corporations are suing the El Salvador government before a tribunal in Washington for refusing permits for gold mining.
MANUEL PEREZ-ROCHA

Privatisation leaves billions in the lurch
The privatisation of social security systems in developing countries has ruined the lives of billions, says a new report.
NIRODE MASSON


WORLD AFFAIRS

Afghanistan and the imperial graveyard
The WikiLeaks documents on Afghanistan have revealed a brutal and messy war, with uncanny similarities to earlier imperial conflicts.
JEREMY SEABROOK


HUMAN RIGHTS

The curse of sex tourism
The prostitution industry in the Philippines is a national disgrace, reflecting rampant corruption and the sexual exploitation of even children.
FATHER SHAY CULLEN 



WOMEN

African women's long walk to equality
African women have made some gains in their struggle for human rights, but an uphill climb still looms.
L MUTHONI WANYEKI


VIEWPOINT

A new scramble for Africa
A plane crash in the Congo in June has served to highlight the growing role of Australia in the new scramble for Africa's minerals.
DAVID T ROWLANDS

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