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Neo-colonial practices can include unfair trade policies, foreign investment that favors the interests of Western companies over those of local populations, manipulation of commodity prices, pressure to adopt neo-liberal economic policies that favor the interests of rich countries, and the promotion of Western cultural models at the expense of local cultures.
Russia’s invasion of Ukraine has generated enormous costs. Most have been borne by brave Ukrainian citizens and the unfortunate Russian soldiers ordered to fight. But the whole world has experienced significant collateral damage: Further spikes in energy costs and food prices, and a possible global recession. Nowhere has that indirect damage been greater than for those already
By Chris Heitzig and Richard NewfarmerWASHINGTON, DC — Russia’s invasion of Ukraine has generated enormous costs. Most have been borne by brave Ukrainian citizens and the unfortunate Russian soldiers ordered to fight. But the whole world has experienced significant collateral damage: Further spikes in energy costs and food prices, and a possible global recession.
Chris Heitzig & Richard Newfarmer urge the international community not to scale back development assistance for poorer countries.
Presently, almost half of sub-Saharan Africa’s export value is composed of fossil fuels and this may surge further.