Financial Crisis

Speech, 18 April 2009

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, 25 March 2009

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…)

Press release, 29 October 2008

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…)

Analytical Note, July 2008

Capital flows from South to North: a new dynamic in global economic relations.

This Analytical Note looks at the new dynamic of capital flows from the South to the North arising from unprecedented levels of capital reserve accumulation by the South. (more…)

Analytical Note, July 2008

Financing for development from Monterrey to Doha.

This Analytical Note evaluates how far the commitments contained in the 2002 Monterrey Consensus were fulfilled. It also examines the adequacy of the Monterrey Consensus as a framework for guiding international policy decisions and actions in current circumstances, (more…)