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The Financial Crisis and the Global South: Impact and Prospects
Before the world economy can fully recover from the crisis that began a decade ago, there is a widespread concern that it may be poised for yet another crisis. Many developing countries find themselves in a tenuous position with an uncanny similarity to the 1970s and 1980s when the (more...)Asian Financial Crisis: Lessons Learned and Unlearned
Much of what has recently been written about the Asian crisis on the occasion of its 20th anniversary praises the lessons drawn from the crisis and the measures implemented thereupon. But they often fail to appreciate that while these might have been effective in preventing the crisis in (more...)South should prepare for the next financial crisis
The Asian financial crisis started 20 years ago and the global financial crisis and recession 9 years back. When a new global financial crisis strikes, the developing countries could be more damaged than in the last crisis as they have become less resilient and more vulnerable. They thus (more...)“Another Crisis in the Making?” – a report on the South Centre debate
A South Centre debate on the state of the global economy and finance on the occasion of the book launch of Playing with Fire, Deepened Financial Integration and Changing Vulnerabilities of the Global South authored by Dr. Yılmaz Akyüz, Chief Economist of the South Centre, took place (more...)Goodbye to 2017, a Trump-dominated year
In 2017, Donald Trump dominated the year by using US clout to change many aspects of global relations, and not for the better.By Martin Khor What a year it has been! As 2017 slips away, and 2018 dawns, many wonder if the world will ever be the same. (more...)