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THIRD WORLD ECONOMICS

Issue No. 642, 1-15 June 2017
BIS calls for building economic resilience, maintaining globalization


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Use prevailing tailwinds to build greater economic resilience, says BIS
While the world economy has gained strength, risks to global growth exist which necessitate national and international policy measures to build resilience, according to the Bank for International Settlements (BIS).
by Chakravarthi Raghavan

Globalization risks need careful management, not backlash, says BIS
In the chapter on globalization released ahead of its full annual report, the BIS frowns on attempts to roll back globalization, saying they would be the wrong response to the challenges posed by tighter global economic integration.
by Chakravarthi Raghavan

EU and Brazil oppose end to Green Box cotton payments
A proposal by four African cotton-producing countries to slash trade-distorting subsidies on the crop has met with opposition from the likes of the EU, Brazil and the US at the WTO.
by D. Ravi Kanth

Progress on world hunger has reversed
The world is facing its worst food crisis in postwar times, says the UN Food and Agriculture Organization (FAO), as conflict and climate change raise hunger levels.
by Tharanga Yakupitiyage

Saving lives by investing in the poorest
Investing in the health of the poorest communities saves almost twice as many lives, according to a UN agency’s analysis.
by Tharanga Yakupitiyage

Opinion: The Asian financial crisis – 20 years later
It was two decades ago that financial turmoil buffeted the hitherto high-flying East Asian economies. Much has happened since then, not least the eruption of a global financial crisis and the emergence of new vulnerabilities in emerging economies.
by Martin Khor

Opinion: 1997 Asian crisis lessons lost
Orthodox analysis has failed to draw the right lessons from the Asian financial crisis which broke out to such devastating effect 20 years ago, writes Jomo Kwame Sundaram.


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