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Yılmaz Akyüz

yilmaz-akyuzDebt_SustainabilityIn this column, Yılmaz Akyüz, chief economist at the South Centre in Geneva, looks at the role of international debt workout mechanisms in debt restructuring initiatives and argues, inter alia, that while the role of the IMF in crisis management and resolution is incontrovertible, it cannot be placed at the centre of these debt workout mechanisms because its members represent both debtors and creditors.

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yilmaz-akyuzEU_CrisisYilmaz Akyuz, chief economist of the South Centre in Geneva, argues that in recent years developing countries have lost steam as recovery in advanced economies has remained weak or absent due to the fading effect of counter-cyclical policies and the narrowing of policy space, and he recommends measures to reduce the external financial vulnerability of the South.

 

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yilmaz-akyuzConsumptionYilmaz Akyuz, Chief Economist of the South Centre, reasons that development will need far more than the MDG plans.

 

 

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yilmaz-akyuzmoneyChief economist of the South Centre argues urgent steps to deal with an economic crisis in the emerging economies that the Centre had warned of earlier.

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China has moved to investment-led growth, after its exports fell sharply in the aftermath of the global financial crisis. Credit: Bigstock

yilmaz-akyuz In this column, an abridged version of a longer research paper 48 for the South Centre, Dr Yilmaz Akyuz writes that the world economy is facing under-consumption because of a low and declining share of wages in national income in all major advanced economies like the United States and the eurozone, as well as China. In order to move out of the fiscal drag, he argues that developing economies must reduce dependence on foreign markets and capital by abandoning neoliberal policies in practice, not just in rhetoric.

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