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This issue of the South Bulletin reports on the meeting between the South Centre’s Chairman, Mr. Benjamin Mkapa, and China’s President, Mr. Xi JinPing, held in Tanzania. Mr. Mkapa explained the work and priorities of the Centre and President Xi praised the efforts of the Centre in promoting South-South cooperation and in increasing the representation of the Centre, and said China would continue to provide help to the Centre. Due to the global economic situation, many countries around the world are either facing debt crises or on the verge of falling into one. This issue of South Bulletin focuses on resolving the debt crises, especially through the setting up of an international debt resolution mechanism, an idea whose time has come. 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 how developing countries in Asia, Latin America and Africa are now facing an economic slowdown with a deterioration in GDP growth, exports and lending conditions. The effects of the Eurozone recession and the US slowdown are now increasingly felt in the South. 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. This issue of the South Bulletin focuses on the Rio Plus 20 Summit to be held in 20-22 June in Brazil. The meetings actually begin on 13 June. Twenty years after the Earth Summit the world faces even more serious crises in the environment and the economy. Will Rio+20 do better in rising to the challenge of tackling the global crises? After two years of negotiations, the Summit meetings are now underway. But the outcome of the Summit is still far from decided. This issue of South Bulletin focuses on the UNCTAD XIII conference in Doha at the end of April. It ended with the adoption of a Doha Mandate, which gave UNCTAD a new and broad 4 year mandate to continue to work on a wide range of issues, including the global financial crisis, macro-economic policy and debt, as well as other trade and development issues. This issue of South Bulletin highlights a keynote speech made by the Chairperson of the South Centre, H.E. Mr. Benjamin W. Mkapa, former President of Tanzania, in which he made a critical analysis of the Economic Partnership Agreements (EPAs) that the African countries are negotiating with the European Union, and the alternatives for the East African Community and for African countries. This issue of the South Bulletin focuses on the recent deterioration in the state of the global economy and the effects this will have on developing countries. The Bulletin also gives details of the Conference co-organised by the South Centre on Options that developing countries have in facing the global financial turmoil.
South Bulletin (South Centre, Issue 55, 11 July 2011): Capital Flows Booms & Busts Damaging to South
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.This issue of South Bulletin focuses on the key issues in the international monetary system, many of which are missing from the agenda of the G20 which will hold a Summit in November. Three articles deal with the need to reform the IMF and the global financial systems. Other articles deal with recent emerging issues in the global economy – the currency chaos, volatile capital flows, and a new protectionism in the U.S. This latest issue of South Bulletin focuses on why China and other East Asian developing countries require a rethinking of the growth strategies, as the global economic slowdown has exposed their over-reliance on exports. The articles include estimates on the dependence of China on exports for its growth (much higher than previously estimated), why the trade surplus of China with the US is much smaller than widely thought, and the way forward for future growth in China. Another aricle discusses why other East Asian countries face deeper problems and also need a policy re-thinking. The Bulletin reports on the latest June climate talks in Bonn: how developing countries suffered a setback in a new text, and how the talks reveal continuing deep differences.Another article reports on a dire warning by climate scientists why the "paltry pledges" of the Copenhagen Accord are driving the world to a temperature increase of 3 to 4 degrees. This Issue of the South Bulletin focuses on the global economic and financial crises. The Editorial by Dr. Yash Tandon, the outgoing Executive Director of the South Centre is on "Recalling Nyerere". Articles and commentaries appearing in this Issue include, Financial Crisis: Bailing out the North when Justice Eludes the South, Global Financial Crisis: How to deal with it?, Learnings from China: Bailing out the Poors First amidst Financial Crisis, Poverty of Africa in the Richly Endowed Basin, and Work Together to Write a New Chapter of China-Africa Friendship. The Op-Ed is by Vice Yu on "Developed Country Climate Financing Initiatives Weaken the UN Climate Convention". This Issue of the South Bulletin reflects upon the recently held G-20 Meeting, the upcoming Financing for Development Conference in Doha, and the Climate Change Conference in Poznan. The Editorial by Dr. Yash Tandon, Executive Director of the South Centre is on “Why the Ecuadorian Proposal May Be a Better Response to Financial Crisis than the G20 Declaration”. Under the “Leader Speak” section you can read some of the messages shared by the Heads of the State of developing countries who participated in the recent G-20 Summit on Financial Crisis in Washington DC. Analysis and commentaries appearing in the Bulletin, include on Rhetoric vs. Reality: The Real Issue of Global Sustainability; Poznań Climate Conference: Overview and Submissions by Developing Countries; Doha Financing for Development Talks: What Should Developing Countries Push for?; The Ecuadorian Proposal for a Crisis Response Agenda from the South; and Development Through Choice. This Issue of the South Bulletin reflects upon the ongoing financial crisis originating from US and bringing more countries into its fold. The Editorial by Dr. Yash Tandon, Executive Director of the South Centre is on “Time for a New Bretton Woods Conference”. Analysis and commentaries appearing in the Bulletin, include on Financial Crisis: Lessons for the EPA Trade Negotiations; African Countries and the EPAs: Do Agriculture Safeguards Afford Adequate Protection?; The IBSA Summit and the Political Economy of the Global South; Communiqué on Global Financial Situation; SECURE: Ensuring Transparency and a Legitimate, Member-driven Process, and on Group of 77 and the Reform of the United Nations. This Issue reflects upon the recent financial crisis in the US which threatens the global economy. The Editorial by Dr. Yash Tandon, Executive Director of the South Centre is on “Global Financial Meltdown and Lessons for the South”. The Op-Ed is on "Rebalancing the TRIPS Agreement and Strengthening Enforcement for Development" by Ambassador Sun Zhenyu, Permanent Representative of China to the WTO in Geneva. Analysis and commentaries appearing in the Bulletin, include on Global Challenges 2008 and the Group of 77, Citizen Mobilisation Needed to Prevent Financial Crisis Impacts, South American Unity Taking Shape, Climate Change under Neo-liberal Capitalism and Trade Liberalisation Fails to Improve Africa's Export Performance. |