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BIG CALL: UN Chief Guterres calls for Africa to be represented with a permanent member at the Security Council
International

BIG CALL: UN Chief Guterres calls for Africa to be represented with a permanent member at the Security Council

By Thobile Jiwulane: An emblem for the South Africa-hosted G20 Summit outside the summit venue, Nasrec Expo Centre in Johannesburg. (Image: By Thobile Jiwulane) United Nations Secretary-General António Guterres says Africa must be given a permanent seat at the United Nations Security Council and be represented on the boards of the International Monetary Fund and the World Bank and other global bodies Guterres, who was delivering opening remarks to the Media at the G20 Summit in Johannesburg, South Africa, on Friday, repeatedly expressed concern that Africa is not represented in these bodies and is inadequately represented in other global bodies.  To give Africa and others a voice “Africa must have a fair seat in every forum where decisions are made – from th...
Why poor nations finance the wealthy: Inside capital flows
International

Why poor nations finance the wealthy: Inside capital flows

By News South Africa: (Illustration: By IMF) This article, "Why Poor Nations Finance the Wealthy: Inside Capital Flows", delves into the paradoxical phenomenon where capital often flows from developing to developed countries, challenging conventional economic theories. This piece offers a comprehensive analysis of the underlying factors driving these capital movements, exploring the implications for global inequality and economic policy. It promises to provide your audience with a thought-provoking perspective on an issue that is both timely and crucial for understanding the complexities of international finance. Historical Context: The ebb and flow of international capital have been shaped by global economic trends, marked by significant shifts. From 1973 to 1981, developing ...