Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli PM Office: Netanyahu has ordered that the Rafah crossing will not open until further notice.
Ambrey: Cameroon-flagged tanker issues distress call following explosion abroad, approximately 60NM south of Yemen's Ahwar.
Araghchi: Iran adopted a constructive approach in its engagement to ensure the European Union and the E3 fully honored their commitments and lifted all sanctions.
Araghchi: After a year of Iran’s full compliance with the agreement, it began implementing gradual, proportionate, and reversible compensatory steps in accordance with its recognized rights under the deal.
Araghchi: Iran demonstrated the utmost restraint in the face of repeated and fundamental violations and made extensive efforts to restore balance and preserve the agreement.
In his letter, Araghchi stated: The E3 failed to fulfill their obligations and instead imposed additional illegal sanctions on Iranian individuals and institutions.
Araghchi: These coercive measures constituted a grave violation of international law and the UN Charter, causing severe disruption in the implementation of the agreement.
Araghchi: Washington initially refrained from fulfilling its commitments, then withdrew from the agreement, reimposed its illegal and unilateral sanctions, and even expanded them.
Araghchi: UN Security Council Resolution 2231 has expired and fully ceased to be in effect as of today, in accordance with its explicit provisions.
Iranian Foreign Ministry: Reimposing sanctions on Iran is illegal

Washington’s escalating war on the Global South

  • Hannan Hussain Hannan Hussain
  • Source: Al Mayadeen English
  • 6 Mar 2024 00:14
  • 8 Shares
5 Min Read

Millions continue to enter the vulnerability bracket, as resource allocation bottlenecks in international financial institutions threaten to widen progress disparities.

  • x
  • Washington’s escalating war on the Global South
    As recently as August last year, the world’s second-largest economy committed a $10 billion special fund for GDI while the U.S. pressed for military interventions and regional conflict spillovers (Illustrated by Hadi Dbouk To Al Mayadeen English)

Washington’s credibility crisis in most of the world shows no signs of a ‘U-turn.’

The Biden administration appears hellbent on clamping down on the legitimate rights, liberties, and economic freedoms of the Global South, a long-neglected segment of the global population that refuses to take sides in great power competition. Daniel Kritenbrink, Assistant US Secretary of State, recently criticized major sources of economic investment and trade for scores of developing world countries, while the U.S. draws ire for trying to brazenly dictate and define the ‘rules-based’ order.

From Brazil’s own chairmanship of the Group of 20 (G20) to a developing world agenda dominating Africa’s strategic autonomy, Washington stands reduced to a bystander as it attacks long-term trade and economic relationships set in motion by the developing world. All this is a telling contrast to the successes of the Group of 77 (plus China), a dominant cluster of Global South progress that uses diplomacy and heft to accomplish what Washington simply couldn't.

Look back to the 3rd South Summit organized under the framework of the Group of 77 and China in Kampala. It was focused on the theme of "Leaving No One Behind". The gathering yielded dynamic opportunities to strengthen South-South cooperation, with or without the United States. Moreover, the focus was to promote imperatives for a fairer and more responsive global governance system, a mechanism that the U.S. has willingly undercut through international financial institutions. “This year marks the 60th anniversary of the founding of the Group of 77, and over the past six decades, the Global South has followed the right path of equality, mutual trust, mutual benefit, solidarity, and mutual assistance,” said Chinese President Xi Jinping's special representative, Liu Guozhong during his distinct take on the Global South.

The timing of such conventions couldn’t be more consequential. As the top decision-making body of the Group of 77, the Summit plays a major role in positioning the developing world at the center of governance reform amid pressing challenges. United States has shown an aggressive aversion to accommodating over a quarter of sustainable development targets, while the G77 continues to address risks that could trigger a decline in the development outlook of the Global South. 

Related News

The G77+China Havana Summit is a bold step toward building a multilateral world

Cuba is set to steer the global south away from the US-backed exploitative global order

Similarly, modest economies continue to witness disproportionate exposure to rampant food insecurity. Millions continue to enter the vulnerability bracket, as resource allocation bottlenecks in international financial institutions threaten to widen progress disparities. In light of these challenges, reforming the global financial system is key to ensuring the “common development of human society.” It can also put an end to unfair treatment and meager representation of the Global South. Washington’s push to block currency diversification, and hamper trade and supply chain autonomy renders it the chief impediment to developing world independence.

To address these challenges, the G77 offers a united view on global financial reform from nearly 100 countries. After all, the presence of stringent Western lending conditions risk encroaching upon the rights and sovereignty of developing powers, making flexible financing and better lending terms pivotal for a just and equitable global financial system. As a staunch proponent of multilateralism itself, China’s support for reforming the World Trade Organization (WTO) serves as a game-changing pursuit, while the U.S. works to undercut and politicize major dispute settlement mechanisms at the body. 

G77’s efforts to offset U.S. risks and break ground can help resolve critical resource access issues for Global South economies, support trade inclusivity at the WTO, and prevent marginalization of developing countries in global financial decision-making. For a grouping that represents 80 percent of the world population and over 40 percent of the global GDP, G77+China has little to gain from a discriminatory U.S.-influenced “rules-based order” that effectively subjugates developing world economies. 

For decades, G77 has risen beyond U.S. hegemony to firmly position itself as the biggest organization for multilateral coordination, while promoting significant initiatives to drive sustainable infrastructure and development financing for all. Among them lies the Global Development Initiative and the Belt and Road Initiative (BRI), despite widespread U.S. opposition and skepticism. Washington’s “America first” obsession cannot alter the fact that such initiatives are organic and important levers for emerging and low income economies alike. All to strengthen their alignment with the UN Sustainable Development Agenda, and streamline global resource mobilization. 

As recently as August last year, the world’s second-largest economy committed a $10 billion special fund for GDI while the U.S. pressed for military interventions and regional conflict spillovers. It wasn’t the U.S. but China that allocated billions under the Global Development and South-South Cooperation Fund, indicating the latter’s willingness to foster meaningful partnerships on poverty, hunger, climate change and debt sustainability.

As a result, the more that the U.S. wages its war against the Global South, the stronger the imperative to crush Western hegemony and give developing world progress its undeniable weight. 

The views expressed in this article are solely those of the author and do not necessarily reflect Al Mayadeen’s editorial stance.
  • G77
  • war on Gaza
  • Yemen
  • Gaza
Hannan Hussain

Hannan Hussain

Writer and author.

Most Read

All
All these decades and the billions of dollars spent by the Zionist Lobby on its propaganda is being rapidly undone, all thanks to the Israeli murder machine exposing itself. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

Israeli seizure of social media is a declaration of defeat

  • Opinion
  • 6 Oct 2025
Ellison and Blair are working together to open up huge data-mines for profit-making, and the British NHS is a key prize. (Al Mayadeen English; Illustrated by Batoul Chamas)

Who is Larry Ellison? And how does he tie digital ID, Trump, Blair and genocide in Levant?

  • Opinion
  • 13 Oct 2025
Declassified: MI6 support for Nazi ‘Forest Brothers’

Declassified: MI6 support for Nazi ‘Forest Brothers’

  • Analysis
  • 9 Oct 2025
Zionists Fundamentally Misread Iran Due To Their Own Echo Chambers

Zionists fundamentally misread Iran due to their own echo chambers

  • Analysis
  • 15 Oct 2025

Coverage

All
Gaza: An Epic of Resilience and Valor

More from this writer

All
US engagement with Mali junta exposes double standards

US engagement with Mali junta exposes double standards

Iran's opposition to the NPT is justified due to the E3’s glaring silence on actual challenges to nuclear security in the region. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

Iran and the NPT: Opposition justified

Regional peace with the occupation a recipe for disaster

Regional peace with the occupation a recipe for disaster

Countries witness to Netanyahu’s blatant Gaza takeover pledge need to put their commitments into action. (Al Mayadeen English; Illustrated by Batoul Chamas)

Why Netanyahu’s Gaza takeover merits substantial pushback

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS