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South Bulletin

6 May 2014

Published by the South Centre
Dear Pamela Puntenney,


Turbulence in Emerging Economies: From Easy Money to Hard Landing?

 

This issue of South Bulletin focuses on the deepening economic problems in emerging economies. There is a concern that emerging economies may be the ones facing the next financial and economic crisis. The South Centre’s chief economist, Yilmaz Akyuz, in his article, proposes urgent steps needed to avoid or deal with a potential crisis in these economies.

The Centre’s Executive Director, Martin Khor, in his article, also talks about new problems confronting several developing countries which faced sharp currency depreciation and capital outflows at the start of 2014. He also argues the case for capital controls over capital outflows in countries facing potential flight of capital to avoid a potential crisis.

China seems to be preparing to play a bigger role in global economic affairs, but not at the cost of giving up its developing country status. This was the impression made at the conference Transformative Global Governance: China and the United Nations, held in Shanghai on 13-14 January 2014. An article on this is in the Bulletin.

Other articles in the bulletin include:

  •  Latin American and Caribbean Leaders Create a Zone of Peace and Unite Against Poverty and Inequality
  • A step forward for Asian Cooperation
  • Equity, climate change and sustainable development – South Centre-Ecuador Side Event at COP 19
  • WIPO at Crossroads: Results of the General Assembly 2013
  • South Centre pledges continued support to the G77 and China
  • G15 to be engaged in post-2015 Development Agenda
  • Welcome to the real world, by Humberto Campodonico
    
We hope you find this issue interesting, and we welcome your comments.

With best wishes,
Martin Khor
Executive Director,                  
South Centre and
Editor, South Bulletin

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