Financial Crisis and Global Imbalances: A Development Perspective
About the book: This book examines – from a standpoint of promoting stability and growth in developing countries – key policy lessons to be drawn from the devastating global economic crisis of 2008-09. In this collection of papers on the 2008-09 Great Recession and its implications, leading economist Yılmaz Akyüz underlines the need for economic restructuring along the above lines with a view to more effective crisis prevention and intervention. Given their vulnerability to shocks and limited capacity to respond, he says, this reform process is an endeavor in which developing economies have a crucial interest.
About The Book: This book examines in detail the purpose and characteristics of the patentability standards and analyses typical claims in pharmaceutical patents. It provides recommendations on ways of implementing such standards in a manner that avoids the grant of patent right on developments which are genuine innovations or which are not properly described.
Editor: Carlos M. Correa is Special Adviser on Trade and Intellectual Property at the South Centre, Geneva.
Food Security and Access and Benefit-Sharing for Genetic Resources for Food and Agriculture
About the book: A study prepared for the UN FAO (Food and Agriculture Organisation) on whether, and how, national and regional laws, guidelines and other arrangements on access to genetic resources and benefit-sharing (ABS) may impact upon agriculture and food security.
Authors: Gurdial Singh Nijar, Gan Pei Fern, Lee Yin Harn and Chan Hui Yun
The Right to Development, Small Island Developing States and the SAMOA Pathway
In 2015, the United Nations community reached agreements on updating the financing for development mechanisms, Agenda 2030 and an updated climate change regime. The SAMOA pathway is an important resource and an input to these efforts. (more…)
South Centre Statement to the Open-Ended Meeting of WHO Member States: Follow-up of the report of the Consultative Expert Working Group on Research and Development: Financing and Coordination (CEWG)
At the open-ended meeting of WHO Member States on the follow-up of the report of the CEWG, the South Centre called for concrete discussions to start negotiations on a binding legal instrument on R&D financing and coordination. (more…)
As free trade reaches a crossroads in the US, developing countries have to rethink their own trade realities for their own development interests. “Free trade” seems to be in deep trouble in the United States, with serious implications for the rest of the world. Opposition to free trade or trade agreements emerged as a big theme among the leading American presidential candidates. (more…)
World Economic Situation: Serious Difficulties Call For Bold Measures
Dr. Yılmaz Akyüz, Chief Economist of the intergovernmental organization South Centre, says that the 2008 financial crisis may be moving in a third wave that could devastate the Global South. (more…)
The IP Negotiations Monitor summarizes the latest developments in multilateral and regional fora where intellectual property negotiations are taking place, and informs on upcoming meetings and events.
South Centre intervention to the UPOV Consultative Committee on the issue of interrelations with the FAO ITPGRFA
The South Centre participates as an observer in the ongoing process for the “identification of possible areas of interrelations between the FAO ITPGRFA, especially its Article 9 on Farmers’ Rights, and relevant instruments of UPOV and WIPO.” It seeks to promote an outcome that (more…)
The outcome of the Third International Financing for Development Conference held in Addis Ababa on 13-16 July 2015 exposes the waning state of multilateral development cooperation today. In the outcome, which was nevertheless grandly called the “Addis Ababa Action Agenda” (AAAA), there were no new commitments and no proposed actions that can properly be deemed responsive either to (1) the flimsy state of international financing today or (2) the financing requirements of the UN’s new development agenda based on the 17 sustainable development goals (SDGs). (more…)
The Bolar Exception: Legislative Models and Drafting Options
The basic principle of patent law is that once the term of a patent has expired, the protected subject matter becomes a part of the public domain. Hence, it can be freely used, including for commercial purposes, without the interference by the former patent owner. This allows competitors to enter the market immediately after such expiry, eventually leading to lower prices for consumers and welfare gains. (more…)
Implications of Argentina’s Deal with “Super holdouts”: Need for an Urgent Revision to Bond Contracts and a Debt Workout Mechanism
By Yuefen Li
Argentina signed an agreement in principle on 29 February 2016 with four “super holdout” hedge funds including NML Capital Ltd, Aurelius Capital, Davidson Kempner and Bracebridge Capital. Buenos Aires would pay them a total of about $4.65 billion, amounting to 75 percent of the principal and interest of all their claims of Argentina’s bonds that were defaulted on during the 2001 debt crisis. The payment is to be made in cash before 14 April 2016, provided that Argentina’s Congress approves the repeal of Argentina’s domestic laws, namely the Lock Law and the Sovereign Payment Law, which prohibit the country from proposing terms to the holdouts that are better than those Argentina offered to its creditors in earlier restructurings. This deal would allow the return of Argentina to the international capital market after more than 15 years of exclusion, something that is imperative for the government to try to put the economy on a more sustainable path even though this would mean having to use a substantial part of its foreign currency reserves to pay off the holdout bond holders. Nevertheless, there are systemic implications of this deal to future sovereign debt restructurings which deserve careful examination and remedial actions. (more…)
