Globalization - Mon Jul 23 2012
Developing countries very vulnerable to global economic crisis, UN role is vital: South Centre speech at UN
The world economy is as fragile today as in 2009. Developing countries are very vulnerable to a slowdown caused by the Eurozone crisis. There has been no global reforms and the G20 is ineffective. Thus the role of the UN on global economic issues is vital. These are highlights of the speech by the South Centre’s Chief Economist at the UN General Assembly High Level Thematic Debate on the State of the Global Economy in New York on 18 May.
Globalization - Thu Jul 12 2012
World economy in vicious cycle hindering transition, warns BIS
Five years after the outbreak of the financial crisis, the global economy is caught in a vicious cycle in which adjustment efforts of governments, households, business and financial sectors are worsening prospects for each other, and the path for balanced self-sustaining growth remains a difficult, and unfinished task, warns the Bank for International Settlements (BIS) in its annual report, released Sunday.
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.
Information and Communication Technologies - Mon Jul 09 2012
Rio+20: An Inside View on the Tough Fight Over Means of Implementation (Finance and Technology)
Although the developing countries, like the developed countries too, accepted the final draft of the outcome document prepared by Brazil, they were in fact very disappointed with the lack of ambition in the section on the means of implementation, with some rightly calling it a step backwards.
Globalization - Fri Feb 04 2011
Europe Received Strong Claim to Support Egyptian Pro-democracy Movement
If supporting dictatorial regimes like Tunisia and Egypt has been seen as the way to maintain Europe’s security, current events demonstrate the fragility of such strategies, warned three major civil society networks in a letter to Catherine Ashton, High Representative of the European Union for Foreign Affairs and Security Policy. In neglecting the interests of ordinary citizens, this strategy was never sustainable. Sustainability can only be assured by genuine democratic processes, according to the Arab NGO Network for Developmen (ANND), Eurostep and Social Watch.
Globalization - Mon Dec 20 2010
Regulating land grabbing?
Previously reviled as ‘land grabs’, international institutions increasingly paint the global land rush as ‘large-scale land investments’, providing fertile ground for ‘win-win’ development schemes. But surely any scheme that guarantees only winners and no losers deserves our scepticism and a closer look.
Globalization - Tue Nov 23 2010
Inconclusive end to G20 summit
The G20 summit last week was overshadowed by a new financial near-crisis in Europe, highlighting the dangerous state of the world economy.
Globalization - Thu Nov 04 2010
Progress in G20, but differences still evident
G20 finance ministers made some progress in their pledge last weekend to deal with important global problems, but differences remain, and whether the pledge is implemented remains to be seen.