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The New South

In Cancún with the G20 and the G90, and in Hong Kong with the G110 a New South was born. The industrial countries must recognise that the global economic architecture has changed. The New South is different. Whereas problems of dependency and unequal development persist the New South is the answer to the new challenges of South-South solidarity. World Economy & Development In Brief documents these interesting trends.

G110 in Hong Kong

The Development Friends Declaration
The 8th Ministerial of the World Trade Organisation saw more than 100 developing and least developed countries (LDCs) come out with strong statement that reiterated their commitment to the Doha Development Agenda based on its core principles.
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BRICS: The North must get back on track
The grouping of emerging economies, known as BRICS (Brazil, Russia, India, China and South Africa), takes a more and more important role in international and world economic policy. Following is the WDEV documentation of the BRICS Finance Ministers' Joint Communiqué issued at the end of their meeting in Washington, 22 September 2011, in the sidelines of the Annual Meetings of IMF and World Bank.
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	New step to regional integration in Latin America
	The Development Friends' Declaration
	BRICS Executive Directors at IMF concerned
	Sanya/China 2011: Summit of the BRICS countries
	BRICs Urged Reform of Financial Architecture
	What the G5 Expects from Dialogue with the G8: Joint Position Paper for the Heiligendamm Process
	Doha Collapse: What the South Was Asking For. Documents of G20, G33 and NAMA-11
	G77/China: The System Lacks Good Global Governance. Statement of Foreign Ministers
	South: No WTO Deal Against Food Security. Communiqué of G33, African Group, ACP and LDCs
	South Forms Grand Coalition in Hong Kong. G110 - a force of 110 developing countries (Joint Statement)

Europe Global / UN Reform

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WDEV Recent Issues

Issue 6/Nov-Dec 2011
G20: Wrong forum for development + German aid under Niebel + London contra FTT + Food speculation: How it works
Issue 5/Sep-Oct 2011
The global social crisis +++ Thanks to Germany it's 2008 all over again +++ Nepal: Second chance for Maoists
Issue 4/Jul-Aug 2011
Non-FDI modes of international production + Bail-out 2.0 for Greece + Europe: Tobin tax on the move
Issue 3/May-Jun 2011
Survey on trade union rights violation + BRICS on the new IMF director + Greece and the euro + Green Economy for LDCs?
Issue 2/Mar-Apr 2011
LDC-IV in Istanbul +++ Reforming the global monetary system: Whick role for the IMF +++ Escalation of food prices +++ Remittances and development
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WDEV Highlights

Myanmar - a new darling of the West
After decades of isolation - imposed by major OECD countries out of concern for the country's human rights violations - Myanmar is emerging as a new darling of the "West" - judging by the accelerating succession of visits by senior officials and gurus. New groups of investors are waiting to enter the country as soon as possible.
Prognosis 2012: On the brink of a global recession
Persistent high unemployment, the euro area debt crisis and premature fiscal austerity have already slowed global growth and factor into the possibility of a new recession. Now the United Nations have downgraded significantly its forecasts for the world economy in the next year.
Back to the IMF? Hungary under siege by creditors
Eastern European states are in for a new round of the crisis. The external control of the banking sector and high reliance on external credit has landed the countries of Eastern Europe in a vulnerable position. Now, credit flows from Western banks are drying up again. Hungary has been the first country in the region to ask for IMF support again.
G20: The wrong forum for development policy
While the G20 efforts to manage global aggregate demand, exchange rate management and stronger regulation of the international financial sector have not worked out quite as planned, in Cannes the Group was further solidifying its role in directing the system of multilateral institutions.
Reality of German aid is changing under Niebel
In November 2011, the German Federal Ministry for Economic Cooperation and Development (BMZ) is celebrating its 50th anniversary.The new Minister, Dirk Niebel of the (neo)-liberal FDP has launched a 'radical change of course'. In the recent edition of the Reality of Aid shadow report the change is analyzed.