Emerging and Developing Economies (EDEs)

Policy Brief 47, June 2018

Renewed crises in emerging economies and the IMF ‒ Muddling through again?

As recognised by the International Monetary Fund (IMF), the global financial safety net including international reserves, Fund resources, bilateral swap arrangements, regional financing arrangements is “fragmented with uneven coverage” and “too costly, unreliable and conducive to moral hazard”.  Given the aversion of emerging economies to the IMF and unilateral debt standstills and exchange controls, the next crisis is likely to be even messier than the previous ones.  Some countries may seek and succeed in getting bilateral support from China or some reserve-currency countries according to their political stance and affiliation.  In such cases, crisis intervention would become even more politicised than in the past and a lot less reliant on multilateral arrangements.  By failing to establish an orderly and equitable system of crisis resolution, the IMF may very well find its role significantly diminished in the management of the next bout of crises in emerging economies.  In other words, multilateralism, however imperfect, could face another blow in the sphere of finance after trade.

(more…)

SC Debate, 13 April 2018

Title:              Revolution Required: G7 Policies and Their Implications for Global Stability and Growth

Date:              Friday, 13 April 2018, 15H-18H

Venue:           Room XXII, United Nations, Geneva

Organizer:     The South Centre

(more…)

Statement, November 2017

South Centre Statement for the UNCTAD Intergovernmental Group of Experts on Financing for Development

Below is the statement by the South Centre during the first session of the UNCTAD Intergovernmental Group of Experts on Financing for Development (IGE Ffd) held in Geneva on 8-10 November 2017.

(more…)

SC Book Launch, 10 November 2017

Title:               “Another Crisis in the Making?” Book Launch of Dr. Yilmaz Akyuz’s Playing with Fire,

                          Deepened Financial Integration and Changing Vulnerabilities of the Global South

Date:                Friday, 10  November 2017, 13h00-15h00

Venue:             Room XXII, Palais des Nations, the United Nations Office in Geneva

Organizers:   The South Centre

(more…)

Research Paper 80, October 2017

The Commodity-Finance Nexus: Twin Boom and Double Whammy

International commodity prices and capital inflows to developing countries are increasingly synchronized, subjecting commodity-dependent economies to double boom-bust cycles.  (more…)

SC Book Launch, 9 October 2017

Title:               Advice and Dissent – Dr. Y.V. Reddy’s Life in Public Service

Date:                Monday, 9 October 2017, 13:00-15:00H

Venue:             Julius Nyerere Conference Room, The South Centre, Geneva

Organizers:    The South Centre

(more…)

Policy Brief 43, August 2017

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. It has generated strong destabilizing spillovers to the Global South.  (more…)

Investment Policy Brief 9, July 2017

The Legal Nature of the Draft Pan-African Investment Code and its Relationship with International Investment Agreements

The present Policy Brief examines the drafting and negotiating process of the draft Pan-African Investment Code (PAIC). It analyses different aspects of this process, particularly the legal nature of the PAIC and its relationship with other international investment agreements.

(more…)

Research Paper 76, May 2017

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…)

Statement, April 2017

South Centre Statement to the Ministerial Meeting of the Group of 24

Below is the Statement by the South Centre’s Executive Director Mr. Martin Khor which was distributed during the Ministerial Meeting of the Group of Twenty-four held in Washington DC on 20 April 2017.

(more…)

Research Paper 73, February 2017

Inequality, Financialization and Stagnation

The failure of exceptional monetary measures pursued in response to the financial crisis in advanced economies to achieve a strong recovery has created a widespread concern that these economies suffer from a chronic demand gap and face the prospect of stagnation.  This paper reviews and discusses the alternative views on the causes of the slowdown in accumulation and growth and the policies implemented and proposed to deal with it. (more…)


0

Your Cart