Info Service on Finance and Development (Sept12/02)
South Bulletin (Issue 66): GLOBAL SLOWDOWN HITS DEVELOPING COUNTRIES
This issue of South Bulletin focuses on how developing countries in Asia, Latin America and Africa are now facing an economic slowdown with 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.
Another analytical article “Rethinking growth strategies is imperative for the South” by South Centre’s Chief Economist Yilmaz Akyuz shows how the favourable international conditions that led to the South’s high growth in the past decade have now turned unfavourable, resulting in the current economic difficulties. Thus the developing countries have to prepare for new growth and development strategies.
There is a review of a new book detailing that economic austerity measures are also affecting many developing countries, while the Bulletin also carries an article on Economic Policies to support the Financial Sector, which is Part 2 of former Indian Reserve Bank Governor, Dr. Y.V. Reddy’s speech in Basel.
To download the whole South Bulletin, please click here http://www.southcentre.org/index.php?option=com_docman&task=doc_download&gid=2196&Itemid=182 or go to the South Centre website front page at: http://www.southcentre.org
To download individual articles, see below: