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Economic Development

SADC Holds 44th Annual Summit In Zimbabwe

August 23, 2024 Abayomi Azikiwe, Black Agenda Report. , , ,
President Emmerson Mnangagwa of the Republic of Zimbabwe has emerged as the regional chairperson of the Southern African Development Community (SADC) 44th Annual Summit which was held in Harare on August 17. SADC is a 16-member regional organization composed of states and their affiliates extending from the Republic of South Africa to the Seychelles and as far north as the Democratic Republic of Congo (DRC). Since 1980 when its predecessor organization, the Southern African Development Coordination Conference (SADCC), was founded in Lusaka, Zambia which later transitioning towards SADC in Windhoek, Republic of Namibia in 1992 to the present era, the mission of the grouping is to foster economic cooperation, peacekeeping operations and solidarity with other oppressed and exploited people in Africa and around the globe.

New Report: The Failed Southern Economic Development Model

October 22, 2023 Chandra Childers, Economic Policy Institute. , , ,
Many states across the Southern United States employ an economic model that prioritizes business interests and the wealthy over ordinary citizens. This model—which we refer to in this report as the “Southern economic development model”—is characterized by low wages, low taxes, few regulations on businesses, few labor protections, a weak safety net, and vicious opposition to unions. The model is marketed as the way to attract businesses into Southern states, with the implicit promise that this will lead to an abundance of jobs and shared economic prosperity for all Southerners. The reality is this economic development model is fundamentally flawed as a strategy for improving living conditions for most Southerners.
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