Global Economic and Development Policies

Research Paper 83, November 2017

China’s Debt Problem and Rising Systemic Risks: Impact of the global financial crisis and structural problems

The fast expansion of China’s debt, in particular corporate and local government debt, has attracted international attention and has also become a major concern of China’s policy makers. Even though China can tolerate a higher debt level than many other emerging and developing economies owing to the sheer size and other special features of the Chinese economy, systemic risks for financial stability have been rising since the global financial crisis and the cushions built in the past decades to withstand a higher debt level have also been weakened. (more…)

Statement, November 2017

South Centre Statement for the UNCTAD Intergovernmental Group of Experts on Financing for Development

Below is the statement by the South Centre during the first session of the UNCTAD Intergovernmental Group of Experts on Financing for Development (IGE Ffd) held in Geneva on 8-10 November 2017.

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SC Book Launch, 10 November 2017

Title:               “Another Crisis in the Making?” Book Launch of Dr. Yilmaz Akyuz’s Playing with Fire,

                          Deepened Financial Integration and Changing Vulnerabilities of the Global South

Date:                Friday, 10  November 2017, 13h00-15h00

Venue:             Room XXII, Palais des Nations, the United Nations Office in Geneva

Organizers:   The South Centre

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Research Paper 80, October 2017

The Commodity-Finance Nexus: Twin Boom and Double Whammy

International commodity prices and capital inflows to developing countries are increasingly synchronized, subjecting commodity-dependent economies to double boom-bust cycles.  (more…)

SC Contribution to UNCTAD IGE FFD, November 2017

Input of the South Centre to the UNCTAD Intergovernmental Group of Experts on Financing for Development

This   is   a   contribution   by   the   South   Centre   to   the   first   session   of   the   UNCTAD Intergovernmental Group of Experts on Financing for Development (IGE-FFD) that will take place on 8-10 November 2017. (more…)

Statement, October 2017

South Centre Statement to the Ministerial Meeting of the Group of 24

Below is the statement by the South Centre’s Executive Director Mr. Martin Khor which was distributed during the Ministerial Meeting of the Group of Twenty-four held in Washington DC on 12 October 2017.

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SC Book Launch, 9 October 2017

Title:               Advice and Dissent – Dr. Y.V. Reddy’s Life in Public Service

Date:                Monday, 9 October 2017, 13:00-15:00H

Venue:             Julius Nyerere Conference Room, The South Centre, Geneva

Organizers:    The South Centre

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SC Side Event to the UNGA 72, 21 September 2017

Title:              Rethinking Development in the Context of the 2030 Agenda – A South Centre interaction with developing country delegations on key issues and challenges ahead in the implementation of the Agenda 2030 and the UNGA 72 session

Date:              Thursday, 21 September 2017, 16:00-18:00

Venue:           Conference Room D at the UN Headquarters, New York

Organizers:  The South Centre

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Policy Brief 44, August 2017

Industrialization, inequality and sustainability: What kind of industry policy do we need?

The 2030 Agenda includes as Sustainable Development Goal 9 (SDG 9) the commitment to “build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation”. The entry of this goal into the 2030 Agenda is an achievement for developing countries who have a very diverse situation in terms of population sizes, per capita incomes, economic sizes and structures, political systems, cultures but share the common feature of an underdeveloped industrial sector.Therefore, in order to implement SDG 9 pro-active industry policies are needed that take into account aspects of inequality and sustainability.

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Policy Brief 43, August 2017

The Financial Crisis and the Global South: Impact and Prospects

The world economy has not still recovered from the effects of the financial crisis that began almost a decade ago first in the US and then in Europe.  Policy response to the crisis, the combination of fiscal restraint and ultra-easy monetary policy, has not only failed to bring about a robust recovery but has also aggravated systemic problems in the global economy, notably inequality and chronic demand gap, on the one hand, and financial fragility, on the other. It has generated strong destabilizing spillovers to the Global South.  (more…)

Policy Brief 42, July 2017

The 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 1997, they may be inadequate and even counterproductive today because they entail deeper integration into global finance.

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