Why the US and Europe Have Not Managed Their Economic Crises Properly
By Yılmaz Akyüz, Chief Economist, South Centre
This is the first in a series of articles by the South Centre’s chief economist on the current global economic situation. This first article analyses why the economic policies of the US and Europe have been inappropriate in getting these major economies out of the crisis. The next few articles provide more details of this. Further articles will deal with how the developing countries’ economies are experiencing the adverse spillover effects of these major economies’ policies.
The APEC and TPPA summits in Bali recently showed the winds of change are blowing in the region, symbolised by the US President’s absence but also reflecting the aptness or otherwise of policies.
Five years after the Lehman Brothers collapse triggered the global financial crisis, there are still no effective financial regulations in developed countries, while the developing countries face big new challenges.
Development-led Globalization Requires De-colonizing the MDGs
By Manuel Montes
The big attraction of the eight Millennium Development Goals (MDGs), or at least the first seven of these, was their near universal acceptability. It mobilized both resources and politics, both nationally and internationally, in pursuit of reducing poverty, hunger, gender inequality, malnutrition and disease.
50 years of Development Planning in Africa: Retrospect and Prospects
By Carlos Lopes
A new era of development planning is emerging in Africa, says the new head of the UN Economic Commission for Africa, in this wide-ranging review. He gave this opening speech at the 50th anniversary conference of the African Institute for Economic Development and Planning (IDEP).
Africa Has Entered A New Season of Planning and Long-Term Development Thinking
By Adebayo Olukoshi
This article, originally a background note for the “IDEP at 50” Conference, traces the history of economic planning in Africa and concludes that there is now a “new season” of planning and long-term development thinking in the region. This analysis is by the Director of the United Nations African Institute for Economic Development and Planning (IDEP).
This is a brief paper on conceptual aspects of poverty eradication as an issue for the SDGs.
In line with our overall approach to the SDGs, the issue of poverty eradication should have goals and targets for countries but also for the international dimension, which includes the Global Partnership for Development (that involves policies relating to global macro-economics, debt, trade, finance, and access to technology) and the means of implementation (i.e. finance and technology for developing countries).
Post-2015 Development Agenda and Sustainable Development
By Yılmaz Akyüz
The United Nations’ Post-2015 Development Agenda should not simply extend MDGs, or reformulate the goals, but focus instead on global systemic reforms to remove main impediments to development and secure an accommodating international environment for sustainable development. This is a big, ambitious agenda which cannot be acted on overnight. An action plan for systemic reforms could be supplemented, but not substituted, by specific goals in some areas of economic and social development. This paper was presented to a brainstorming workshop of the G77 and China held in the UN in New York in February.
Waving Or Drowning: Developing Countries After The Financial Crisis
Not only has the “Great Recession” led to a “Great Slowdown” in developing countries, but also their longer-term growth prospects are clouded by global structural imbalances and fragilities that culminated in the current crisis. (more…)
A member of the South Commission (1987-1990) reflects on the moves by the recent Summit of the BRICS to establish a BRICS development bank – an idea that the Commission had promoted.
Financial crisis deepens: will the lessons be learnt?
By Martin Khor
This time it is Cyprus’ turn to face bitter financial crisis as bank depositors get hit and capital controls are imposed. Will the lessons about these crises ever be learnt?
