— The South Centre Blog

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Tag "Developing Countries"

manuel_montes-tnIn discussions at the UN about achieving Agenda 2030, it has become de rigueur to highlight the role of the private sector.  It is often introduced as the discovery of the idea that private sector investment and financing is indispensable to achieving Agenda 2030. For developed country diplomats and their associated experts this new celebrity treatment appears to be an article of faith, at least during negotiations on economic matters in the UN. They are foisting a misleading Trumpian exaggeration that is technically harmful to development policymaking and to Agenda 2030.

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manuel_montes-tnSystemic issues are issues that arise from the built-in features of the global system and the impact of the interaction of its parts; as implied in the chapter title in the Monterrey Consensus, it pertains to the coherence and consistency of the monetary, finance and trade systems.  Systemic issues point at the weak points in the whole global financial “architecture,” the international structures and mechanisms that are beyond the control of individual countries.  Systemic issues are a particular concern to developing countries, which have experienced their greatest development reversals during international payments crises.

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manuel_montes-tnAkha Coffee WorkerThirty years ago, the United Nations adopted the Declaration on the Right to Development (“the Declaration”).   Is this anniversary worth celebrating?  Has this declaration outlived its usefulness and its anniversary best forgotten?   My answer is NO.

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Khor 1The birth of new development banks led by developing countries and the failure of the US to block them are signs of the winds of change and rebalancing of economic power, especially in Asia.

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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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Khor 1Trade_FacilitationAn important legacy of Lee Kuan Yew was the formulation of one of the Asian models that have been driving successful Asian economies forward.

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manuel_montes-tnFinancial_InstitutionsAs the international community wades into the political discussions regarding the alternatives to the Millennium Development Goals (MDGs) after 2015 and the design of the Sustainable Development Goals (SDGs) as mandated by the Rio+20 conference, it is timely to consider the question of whether development is a matter mostly of individual effort on the part of nation-states or whether there are elements in the international economic system that could serve as significant obstacles to national development efforts.

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Khor 1Group Adelie penguins going to the water.The new IPCC report indicates the world is doomed if present climate and emission trends continue, but the key solutions are as elusive as before.

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Khor 1Human_RightsIndependence has been achieved, yet has to be constantly defended, continuously renewed and expanded as the process of de-colonisation is on-going and new threats arise.

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