This issue of South Bulletin focuses on trade – the WTO impasse and the possible roads ahead, the multilateral trading system and current topical WTO issues; and the IMF-World Bank Annual Meetings held in Tokyo on 9-14 October 2012.

This issue of South Bulletin focuses on the adverse effects of the boom and bust cycle in capital flows into and out of developing countries, which has caused adverse effects in many economies.

After the financial crisis, capital flows resumed their large surge into some developing countries.  This has caused them many problems, such as currency appreciation affecting their trade, excess money, asset price boom and inflation.