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World Bank

Raj Patel: Feeding 10 billion (audio)

January 11, 2012 -- In a Saskatoon lecture, writer and activist Raj Patel argues that the only way to feed everyone is to completely rethink agriculture and empower women. He outlines the history of the "Green Revolution" and how it was based on attempts to defeat "communism", control population and spread the market system. The lecture was broadcast on the Canadian Broadcasting Corporation's Ideas program.

Western economic attacks against Arab democracy

By Patrick Bond

June 1, 2011-- Rosa Luxemburg Foundation Palestine office, posted at Links International Journal of Socialist Renewal with permission -- In their latest documents and meetings, the G8, the World Bank and the International Monetary Fund (IMF) reacted to the democratic movements in the Arab world: The recipe calls – as it did before the popular ousting of the Tunisian and Egyptian presidents – for privatisation, austerity measures and “market liberation”. Patrick Bond, economic advisor to the new South African government from 1994-2002, analyses the ramifications of the economic campaign on Tunisia, Egypt, Libya and Palestine.

Washington’s seeding of the Arab democratic revolution

Egypt's 'orderly transition'? International aid and the rush to structural adjustment

[Source Unknown]

By Adam Hanieh

May 29, 2011 -- Jadaliyya, posted at Links international Journal of Socialist Renewal with the author's permission -- Although press coverage of events in Egypt may have dropped off the front pages, discussion of the post-Mubarak period continues to dominate the financial news. Over the past few weeks, the economic direction of the interim Egyptian government has been the object of intense debate in the World Bank, International Monetary Fund (IMF) and European Bank for Reconstruction and Development (EBRD). US President Obama’s 19 May speech on the Middle East and North Africa devoted much space to the question of Egypt’s economic future – indeed, the sole concrete policy advanced in his talk concerned US economic relationships with Egypt.

World Bank’s neoliberal Africa strategy signals worsening uneven development

By Patrick Bond

May 30, 2011 -- Links International Journal of Socialist Renewal -- A renewed wave of development babble began flowing soon after the February launch of the World Bank’s 10-year strategy document, Africa's Future and the World Bank‘s Support to it. Within three months, a mini-tsunami of Afro-optimism swept in: the International Monetary Fund’s Regional Economic Outlook for SubSaharan Africa, the Economic Commission on Africa’s upbeat study, the African World Economic Forum’s Competitiveness Report and the African Development Bank’s discovery of a vast new “middle class” (creatively defined to include the 20% of Africans whose expenditures are US$2-4 a day).

Are ‘African lions’ really roaring? Latest fibs from world financiers

Africans who spend between US$2-$20 a day are now "middle class", says the African Development Bank chief economist Mthuli Ncube.

By Patrick Bond

May 10, 2011 – Links International Journal of Socialist Renewal -- Apparently, “one in three Africans is middle class” and as a result Africa is ready for “take off”, according to African Development Bank chief economist Mthuli Ncube speaking last week at the World Economic Forum-Africa summit in Cape Town. “Hey you know what, the world please wake up, this is a phenomenon in Africa that we've not spent a lot of time thinking about.”

African agriculture and the World Bank: Development or impoverishment?

By Kjell Havnevik, Deborah Bryceson, Lars-Erik Birgegård, Prosper Matondi & Atakilte Beyene

December, 2007 -- Agriculture's dominant role in Sub-Saharan Africa's local, national and regional economies and cultures throughout pre-colonial history has been foundational to 20th century colonial and post-colonial development. No other continent has been so closely identified with smallholder peasant farming. Nonetheless, smallholder farming has been eroding over the last three decades, perpetuating rural poverty and marginalising remote rural areas. Donors' search for rural ``success stories'' merely reinforces this fact. Certainly many farmers have voted with their feet by increasingly engaging in non-agricultural livelihoods or migrating to urban areas. In so doing, the significance of agriculture for the majority of Africa's population has altered.

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