This issue of South Bulletin covers many interesting issues. Our two lead articles are on the BANKING CRISIS in developed countries.  The first by Martin Khor reviews how the LIBOR scandal has contributed to the loss of confidence on the ethics of the major banks.  The second article is by India’s former Central Bank Governor, Dr. Y.V. Reddy on the need to re-make the financial system to meet society’s needs.  He focuses on why trust has to be restored, how there has been “comprehensive regulatory capture” of the system, and the need for inclusive finance, as issues to address.

 Other articles in this issue:

--  Yilmaz Akyuz’s detailed article on What Explains the Recent High Economic Growth in the South, and can it continue in light of the changed global economic conditions?

--  Three reports from the UNFCCC-organised workshop on Climate Financing.  It covered 3 topics---needs of the developing countries, sources of financing and the experience of fast-start financing.  Trillions of dollars are needed to enable the switch to climate friendly technologies, the workshop heard. 

--  After Rio plus 20, a reflection on why we need a new global agenda.  This is the speech made by Juan Somavia, the head of ILO, at the recent ECOSOC development forum.

--  The Drone Strikes and Increasing Disquiet over them:  a report on how this issue emerged in a significant way at the Human Rights Council.

-- Can Africa and China Learn From Each Other?  The South Centre presentation at a recent high level event in China.

-- Global Crises and Gender – the need for a new bubble-up theory of growth.  This article reports on a public seminar and the launch of a new book on feminist knowledge.    

.To access the whole South Bulletin, please  click here

To access individual articles, please see below.

• New Blow to Banking System
• Re-making Financial Policy to Meet Society’s Needs
• Can Africa and China Learn from Each Other?
• What Explains the South’s Recent High Growth-And Can It Continue
• After Rio+20: We Need A Global Agenda and Not Just for Developing Countries
• Trillions of Dollars Needed for Climate Finance
• Climate Finance: What Sources? How to mobilise it?
• Lessons Learnt From Fast-Start Finance
• Increasing Disquiet over Drone Strikes
• Global Crises and Gender: Need for A “Bubble-Up” Theory of Growth