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BRICS

A tout on a street in Nairobi, Kenya holds a sign for a commuter bus adorned with US imagery. The Global South's economic power is held back by Western-dominated institutions like the IMF and the World Bank, economists Thomas Piketty and Gaston Nievas argue

Poorer countries urged to mirror Opec in dealing with West

Since the late 1970s, neoliberalism – which promotes privatisation, deregulation and free capital mobility – has shaped Western economic policy. For critics, it functions as a subtler successor to colonialism, enriching elites while worsening inequality and inhibiting development in poorer countries. The Middle East and North Africa (Mena) have both benefitted and suffered as a […]