— The South Centre Blog

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-tnDebt_Sustainability

On 10 September 2015, at its Sixty-Ninth Session, the UN General Assembly in plenary session adopted the resolution on “Basic Principles on Sovereign Debt Restructuring Processes” (A/RES/69/319) in New York, with 135 member States voting for, six against and 42 abstentions.  On the grounds that it would create uncertainty and reduce external financing for developing countries, the United States, supported by developed country allies – European Union countries, Japan, Australia and New Zealand – voted against the proposed General Assembly effort to start work toward a multilateral legal framework in the UN.

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manuel_montes-tnInvestment_2Cet article étudie la question du <<non-droit>> dans le système économique international, en s’intéressant au cas particulier des traités bilatéraux d’investissement.

 

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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 1Clean_EnergyMuch is expected of the important Paris climate conference, but so many huge differences remain among the countries and time is running out.

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Khor 1Marinate_TradeAlthough the TPPA negotiations have concluded, the text is not yet made public, and the debate on its effects and implications will go on.

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Khor 1PollutionThe “haze” may continue till November, and vulnerable groups are frustrated that their health is being compromised, thus top political priority should now be given to stopping this annual crisis.

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Khor 1HealthGood and bad news for half a million Malaysians suffering from Hepatitis C:  there is a new effective medicine but a patient was charged RM385,000 for one course.  In India it is available for less than RM4,000.   Can anything be done about this?

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Khor 1Marinate_TradeThis Merdeka Day, we should celebrate how the country has developed relatively well, but also reflect deeply on how to get out of the economic stresses which have reached a crisis point.

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manuel_montes-tnConsumptionAt the Financing for Development Conference in Addis in July 2015, developed countries blocked a proposal to establish an intergovernmental body within the United Nations on international cooperation in tax matters. There is a fundamental difference between North (where international companies are mostly headquartered) and South (whose interest lies in obtaining a fair share of the tax revenues arising from the operations of international companies in its territory). This divide can be better bridged in work by an intergovernmental body in the UN. The Addis Ababa outcome however sacrifices good governance and tax justice.

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