But a South Centre paper warns that the boom may also end with a bust, with a sudden reversal of capital flows. And this will bring new and different problems.

 

Meanwhile, the commodity markets are also volatile, as commodities have become an asset class, subjected to financial speculation.  The boom in prices may also end with a bust if changing conditions change investors' perceptions.

 

The Bulletin also analyses how developing countries can act to manage and control capital flows, to prevent the damage.

 

The Bulletin also analyses why the global climate regime under the UNFCCC is on the brink of momentous change, but unfortunately not for the better.  The system of regulating emission reduction may unravel soon -- unless governments remain true to what they agreed to in Bali in 2007.

 

We also report on a conference  on green low-carbon growth held in Beijing recently.

 

Finally there are two reports on the LDCs  --  a review of the UN LDC Conference held in Istanbul, and a South Centre statement on what LDCs require in the trade area to expand their development prospects.

 

To download the entire South Bulletin, please  click here

To download individual articles, click on the articles listed below:

 

• Dangers of the boom and volatility in capital flows and commodity prices - the need for domestic and international regulation
• An unhealthy boom in capital flows to developing countries
• LDC Conference: disappointing outcome
• What LDCs need on trade—by South Centre
• The global climate regime on the brink
• Towards green low-carbon growth?
• The boom in capital flows & commodity markets
• How developing countries are vulnerable to boom-bust cycles in capital flows
• Adverse impacts of recent capital flows on developing countries
• How the boom in capital flows and commodities may suddenly reverse
• Developing countries should manage capital flows