Statement at UNTAD Trade and Development Board, Geneva
First, I would like to reattribute the UNCTAD for its 45 years anniversary on trade work. The UNCTAD has been playing very important roles in the past; the birth of the UNCAD was to make up the vacuum in the trading systems. (more…)
Statement to the United Nations Conference on the World Financial and Economic Crisis and Its Impact on Development, New York
This crisis triggered by widespread speculative lending and investment in major international financial centres is causing a major setback to development and poverty reduction. The combination of sharply declining export earnings, collapse of remittances, reversal of private capital flows and an extreme degree of credit squeeze affecting even trade finance is producing a sharp economic slowdown and contraction in many parts of the developing world. (more…)
Speech on International Cooperation Forum on Resources and Environment, Changsha, China
The world is facing two crises at the same time, the economic crisis and the crisis of climate change. It is an interesting time for us; and a great challenge for policy makers, the public and the business sector as well. (more…)
Statement at the UN General Assembly Extraordinary Thematic Dialogue on The World Financial And Economic Crisis And Its Impact On Development, New York
1. The extraordinarily serious global economic crisis has its origins in the developed countries. Developing countries are not responsible, but they are severely affected, and in ways that are worse than the developed countries, as they also lack the means to counter the effects. (more…)
South Centre calls for revamping the global financial architecture.
The financial crisis has shown how dysfunctional the current international financial architecture is to manage the global economy of today, with its myriad of interconnections through which financial turmoil spreads across the world and with its revealed and significant regulatory deficit. (more…)
