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…)
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…)
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…)
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…)
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…)
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…)
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…)
The World Development Report 2005: An Unbalanced Message on Investment Liberalization.
The principal message of the World Development Report 2005 of the World Bank to the developing countries is that they should adopt liberal policies related to foreign investment to spur economic growth and development, and that the development of binding multilateral rules relating to foreign investment would create a favorable climate for foreign investment in developing countries. (more…)
The existence of a relationship between trade and debt is a contentious issue. In fact, a clear divide exists between developed and developing countries regarding the subject, a division which has necessitated the formation of the Working Group on Trade, Debt, and Finance (WGTDF) within the World Trade Organization (WTO). (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).
