A Climate Conference of Low Ambitions in Doha.
The annual United Nations climate conference held in 2012 in Doha concluded on 8 December with low levels of commitments by the developed countries in two crucial areas — emission cuts by them, and provision of climate financing for developing countries. (more…)
Capital Account Regulations and Investor Protections in Asia.
Since at least the early 1990s, countries that sought to regulate the capital account risked self-inflicted stigma in the international investment arena, even in the face of uncontroverted analytical reasons for their appropriateness.Subsequent events, including the Asian financial crisis in 1997, have not eliminated the stigma risk from capital account controls but the analytical discussion has shifted to when, not if, such controls are warranted. (more…)
National Financial Policy in Developing Countries.
A fundamental question raised by recurrent financial crises in mature and emerging economies is how to ensure that the financial markets and institutions serve growth and development rather than being a constant source of instability and disruption in pursuit of self-interest. (more…)
Identifying Outcomes that Promote the Interests of Developing Countries at COP 18.
Developing countries have long been at the frontlines of climate change and bearing the brunt of its impacts on sustainable development prospects and even, in many cases, physical survival and territorial integrity. These underscore the need for global cooperation and action on climate change. (more…)
Trade and Investment Agreements—Barriers to National Public Health and Tobacco Control Measures.
An arbitral tribunal is expected to issue soon a decision on jurisdictional matters in a case brought by Philip Morris against the government of Uruguay. The claim, based on a bilateral investment treaty (BIT) between that country and Switzerland, challenges packaging and labeling requirements for cigarettes adopted by Uruguay to reduce tobacco’s consumption. (more…)
Statutory Sovereign Debt Workout Mechanisms: Why and How?.
Because of the absence of a multilaterally agreed legal system for debt workouts, the practice tends to be ad hoc and disorderly, generally favouring creditors. Often the IMF is involved in coordinating and resolving debt servicing difficulties, be it due to solvency or liquidity problems, based on an adjustment programme agreed with the debtor country. (more…)
Financial Instability as a Threat to Sustainable Development.
As seen over and again during recurrent financial crises in both developing and advanced economies (DEs and AEs), including the recent global crisis originating in the US and Europe, financial instability and boom-bust cycles undermine all three ingredients of sustainable development – economic development, social development and environmental protection. (more…)
Aviation Emission Norms under the EU-ETS.
Since January 2012, aviation has been included in the European Union’s Emissions Trading Scheme (ETS). The Aviation ETS requires aircraft operators to surrender one allowance per tonne of carbon-dioxide emitted on a flight to and from (and within) the EU. (more…)
The State of the World Economy – South Centre Statement to the UN High Level Thematic Debate on the State of the World Economy.
The South Centre’s Chief Economist, Dr. Yilmaz Akyüz, took part as a speaker at the UN General Assembly’s two-day Thematic Debate on the State of the World Economy, held in New York on 17-18 May 2012. Below is the statement he presented to one of the four roundtables at the conference. (more…)
Rethinking The R&D Model for Pharmaceutical Products: A Binding Global Convention.
The current incentive-based model of pharmaceutical R&D has failed to make needed medicines available to a large number of people, especially those living in developing countries. This Policy Brief recognizes the urgent need of shifting from the incentive-based model of R&D to a model that effectively promotes not only innovation but more importantly access to medicines, particularly for diseases that disproportionately affect developing countries. (more…)
Annex 1 Pledges, Accounting “Loopholes”, And Implications for the Global 2°C Pathway.
The Stockholm Environment Institute (SEI) has recently issued a report that examines four recent detailed studies of countries’ mitigation pledges under the Cancun Agreements, for the purpose of comparing developed (Annex 1) country pledges to developing (non-Annex 1) country pledges. (more…)
Proposals on the Institutional Framework for Sustainable Development (IFSD).
Twenty years after the Rio Summit 1992, the global sustainable development situation has deteriorated. The environment crisis has worsened. After a period of good development performances in some developing countries, the prospects for the global economy have worsened, with the financial-economic crisis now affecting Europe and the US, which has implications for developing countries. (more…)
