The Role of the United Nations in Global Economic Governance
Global economic policy issues are often addressed by specialized multilateral agencies in a fragmented, incoherent and inconsistent manner and often with failures in relation to certain areas of global policy – particularly in trade and finance – that have broader implications for the multilateral system as a whole. (more…)
Policy Response to the Global Financial Crisis: Key Issues for Developing Countries.
This new paper, authored by the Centre’s Special Economic Advisor, Dr Yilmaz Akyuz, deals with the global financial crisis and developing countries. The first part is on what is needed to support the required policy response in developing countries. The second part is on the required reform to the international financial architecture. A summary of policy conclusions and proposals is at the end. (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…)
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…)
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…)
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…)
Reform of World Bank governance structures.
This South Centre Analytical Note discusses potential governance reforms in the World Bank’s governance structures, with an understanding that some reforms become more or less imperative depending on the direction of the discussions around the long-term strategic direction of the Bank. (more…)
Reinvigorating UNCTAD? Comments on the eminent persons’ panel report on enhancing the development role and impact of UNCTAD.
This South Centre Analytical Note responds to the Eminent Persons’ Panel Report on “Enhancing the Development Role and Impact of UNCTAD” by highlighting both the positive and negative aspects of the Report that developing countries might wish to consider. (more…)
Comparative assessment of developing country participation in the governance of the global economic institutions.
This paper comparatively analyses developing country participation in the governance of the IMF, World Bank, and WTO and discusses the merits and demerits of the current governance mechanisms. (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…)
Changing Gears on Global Economic Policymaking Coherence: Policy Choices, Flexibility and Diversity in Development Strategies.
This TRADE Analysis provides a brief overview of the “Coherence” agenda in the World Trade Organization (WTO) and tries to inject a new perspective on how such agenda can be made to serve the development goals and interests of developing countries. (more…)
Developments on Discussions for the Improvement of the Framework for ICSID Arbitration and the Participation of Developing Countries.
The International Centre for settlement of Investment Disputes (ICSID) is established by the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention) that entered into force on October 14, 1966. (more…)
