With the heavy debt burdens that the Global South faces, questions of economic sovereignty and equitable growth have gained increased urgency. Both the present-day global financial architecture and trade orientation provide significant barriers but also potential opportunities for these countries to break out of their debt crises. Here, this paper discusses ways through which the Global South could surmount such challenges with concrete examples that might illustrate possible pathways. The Challenge of Debt in the Global South The accumulation of debt in the Global South is no doubt linked to structural issues such as dependence on commodity exports, reliance on foreign financing, and exposure to external shocks like fluctuating exchange rates or a rise in global interest rates. The global financial architecture, dominated by institutions like the IMF and World Bank, often conditions loans on structural adjustment policies, which are then implemented with austerity measures...
The auditing profession thrives on the trust, reputation, and expertise of its human resources. The current research topic was brought to light through an incisive paper, entitled "When Employees Go to Court: Employee Lawsuits and Talent Acquisition in Audit Offices," that appeared in the Journal of Accounting Research and a collaboration between authors Jade Huayu Chen. Whereas this study investigates U.S.-based firms, it would seem there is much herein for teachings that may relate to what transpires in Rwanda's emerging accounting industry. Chen's study addresses the impact of employee lawsuits on audit offices. The findings indicate that these incidents damage an office's reputation and diminish its ability to attract superior professionals. An employee lawsuit, often filed for reasons such as wage disputes, discrimination, or wrongful termination, serves as an information intermediary reflecting inadequate workplace culture and mismanagement. It means, stud...