Statutory Sovereign Debt Workout Mechanisms: Why And How?
The following paper by the South Centre (authored by its Chief Economist Yilmaz Akyuz ) was presented by the Centre’s Executive Director at the UN General Assembly special event on sovereign debt crises and restructurings, held in New York on 20 October 2012.
The MDGs beyond 2015.
The Millennium Development Goals (MDGs) are in the news. It is ten years since these were adopted by the United Nations. And, in late September 2010, political leaders from across the world gathered in New York for a meeting of the General Assembly to discuss the past decade and the next quinquennium. This is the life span of the MDGs which are the focus of attention among people for different reasons. (more…)
Capital Flows to Developing Countries in a Historical Perspective: Will the Current Boom End With a Bust?.
The paper argues that the policy of quantitative easing and close-to-zero interest rates in advanced economies, notably the US, are generating a surge in speculative capital flows to developing countries in search for yield and creating bubbles in foreign exchange, asset, credit and commodity markets. (more…)
The Equitable Sharing of Atmospheric and Development Space: Some Critical Aspect.
This Research Paper aims to contribute to the discussion on the issues of environment, development and equity that are at the centre of the climate, development and equity nexus. (more…)
Why The IMF And The International Monetary System Need More Than Cosmetic Reform.
This Research Paper argues that the G20 agenda misses some of the key issues that need to be dealt with in order to effectively reform the international monetary system so as to avert future global financial crises. The missing issues include enforceable exchange rate and adjustment obligations, orderly sovereign debt workout mechanisms and the reform of the international reserves system. (more…)
Some preliminary thoughts on new international economic cooperation.
The developed countries have acted as engines of economic growth in the world for nearly half a century; but they may not continue to have that role for long. With their negligible population growth and low level of GDP growth, they are unlikely to generate significant additional consumer demand. (more…)
The Impact of the Global Economic Crisis on Industrial Development of Least Developed Countries.
The South Centre has released a Research Paper which examines the impact of the external shocks from the global economic crisis on industrial development of Least Developed Countries (LDCs). These countries are heavily exposed to external shocks because of their extensive trade with the rest of the world. Yet, they are marginalized in terms of their share in international trade and output. (more…)
Export Dependence and Sustainability of Growth in China and the East Asian Production Network.
The South Centre has published a research paper by its Special Economic Advisor and Chief Economist Yilmaz Akyuz, addressing export dependence and their contribution to growth in China and its supplier developing economies in East Asia, in the context of re-examining their growth strategies in light of the global economic crisis and medium term global growth prospects. (more…)
Global Economic Prospects: The Recession May Be Over But Where Next?.
The South Centre releases a new research paper which throws interesting light on the global economic imbalances, the situation in the major countries, and what needs to be done. (more…)
EPAs: The Wrong Development Model for Africa And Options for the Future.
The EPAs provide the wrong development model for Africa, and will jeopardize African countries’ development and regional integration prospects, rather than support them. Until now, only 10 out of 47 African countries have signed the EPA – most are dragging out the negotiations because they are reluctant or are resisting signing, due to their anti-developmental content. (more…)
The Global Financial Crisis and India.
The financial crisis, which assumed global pro- portions in 2008, is, at the time of writing, far from over. In fact, many facets of the crisis are still unfolding, while many of the policy responses are yet to bear fruit and the road to recovery is uncer- tain. (more…)
Is Development Back in the Doha Round?.
As trade ministers prepare to assemble November 30 in Geneva for further WTO talks, they are hearing another round of new and refurbished projections of how much wealthier the world might be after liberalizing trade. (more…)
