News: Economy and Financial Affairs
Trade and Regional Integration /Economy and Financial Affairs - Thu Jul 12 2012
What now for European monetary union?
The Basel-based Bank for International Settlements (BIS) has joined a growing chorus of global institutions and leaders calling on the eurozone countries to quickly act to bring about more financial and fiscal integration, and strengthen the institutional foundations of the currency union itself.
Economy and Financial Affairs - Thu Jul 12 2012
Society, economic policies and future of finance sector
The future of finance, and in particular, saving it from a popular backlash against the global financial crisis and related crisis-management policies, has rightly become a matter of great concern. There is broad agreement that finance, as in the past, has the potential to do good, which should be harnessed by all. However, it is essential to minimise its potential to do harm.
Economy and Financial Affairs - Mon Jul 09 2012
Sustainable Development As An Answer To Economic And Financial Crises
Below is the speech delivered by Dr Yılmaz Akyüz, Chief Economist of the South Centre on the Sustainable Development Dialogue Roundtable on the Global Financial Crisis, UN Conference on Sustainable Development 2012, in Rio de Janeiro on 16 June 2012.
Economy and Financial Affairs - Wed Nov 10 2010
The G20 summit dodges real reform
The G20 leaders are meeting at a moment of new turmoil in the global economy. Yet important structural factors that underlie the renewed crisis are absent from the agenda of the G20 summit in Seoul.
Economy and Financial Affairs - Thu Sep 02 2010
Pakistan needs debt cancellation, not new IMF loans
The response by the World Bank and the IMF to the unprecedented flooding in Pakistan threatens to pile new debts on a country where, before the flooding, debt interest payments already consumed about one third of budget revenues writes Nuria Molina.
Economy and Financial Affairs - Thu Jul 01 2010
Vain and void, neither G8 nor G20!
As at previous meetings, the Toronto summit of the exclusive G20 club to which the world’s richest countries invited the heads of state of the major emerging countries once again raised great expectations only to conclude with an empty bubble. As in previous meetings since 2008 discussions focused on a way out of the crisis that favours creditors and great powers.
Economy and Financial Affairs - Mon Jun 21 2010
Smaller nations fear marginalisation by elite G20
The 27-member Global Governance Group (3G) is challenging the politically and economically powerful G20 not to marginalise the interests of small and medium-sized countries or undermine the United Nations in key decision-making.
Economy and Financial Affairs - Thu Jun 10 2010
Development aid: Robbing the poor to feed the rich
In producing often 'negative resource transfers' (from developing to developed countries), development aid and official development assistance (ODA) essentially remain an exercise in taking money from poor countries for the purpose of enriching wealthier ones, writes Charles Abugre.
Economy and Financial Affairs - Mon Jun 07 2010
G20 finance Ministers risk tipping global economy back into recession
Global Unions have attacked the outcome of the G20 Finance Ministers and Central Bank Governors meeting in Busan, Korea, on 5 June saying their decisions risk undermining recovery, whilst they have failed to move forward the agenda for re-regulating financial markets.
Economy and Financial Affairs - Mon Apr 26 2010
Rethinking the idea of the South
They go by different names: IBSA (India, Brazil and South Africa), BRIC (Brazil, Russia, India, and China) and BASIC (Brazil, South Africa, India and China). These formations all amount to more or less the same thing: the new “emerging economies” seeking to redefine relations between themselves and the rest of the world.