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. (more…)
The EPAs and Risks for Africa: Local Production and Regional Trade.
One of the main contentious issues in the Economic Partnership Agreements (EPAs) between the EU and African countries is the level of trade liberalization which Europe is asking for. This issue is certainly one of the most critical for Africa. (more…)
The Impact of the Global Economic Crisis on Industrial Development of Least Developed Countries.
The South Centre has released a Research Paper which examines the impact of the external shocks from the global economic crisis on industrial development of Least Developed Countries (LDCs). These countries are heavily exposed to external shocks because of their extensive trade with the rest of the world. Yet, they are marginalized in terms of their share in international trade and output. (more…)
Industrialisation and Industrial Policy in Africa: Is It a Policy Priority?.
The importance of industrialisation as an engine of economic growth and development cannot be overstated. Industrial production creates job opportunities at higher skill levels, facilitates denser links across the services and agricultural sectors, between rural and urban economies and between consumer, intermediate and capital goods industries. (more…)
The WTO’s July 2008 Mini-Ministerial: Agriculture, NAMA, Process Issues and the Road Ahead.
This paper outlines the main events which took place during the WTO’s July mini-Ministerial. It goes on to provide a discussion of the key issues that were important in that meeting – agriculture, cotton, the non-agriculture market access negotiations, as well as systemic process concerns. (more…)
Elements for the Architecture of Aid for Trade.
The underlying message of this paper is that aid for trade is important to mitigate trade-induced adjustment costs and to bolster supply-side capacity in developing countries. However, aid is only second-best to balanced, fair and equitable trading rules. (more…)
Backgound paper in the context of the work programme of the WTO working group on Trade, Debt and Finance.
This paper provides a general background to the issues of Trade, Debt, and Finance, and what role they may have in future World Trade Organisation (WTO) negotiations envisioned through the Working Group on Trade, Debt, and Finance (WGTDF).