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Global Economy

This is a series of papers published by Third World Network on the global economy, particularly on current developments relating to global trends in output, income, finance and investment. It complements the TWN Trade and Development Series focusing on multilateral trade issues. The aim of the papers is to generate discussion on and contribute to appropriate policies towards development oriented to fulfilling human needs, social equity and environmental sustainability. 




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A Critique of the IMF’s Role and Policy Conditionality (No. 4)

A Critique of the IMF’s Role and Policy Conditionality (No. 4)

Author: Martin Khor                           About the Book The International Monetary Fund (IMF) management would like recipient countries to “own” the policy...
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An Introduction to Globalisation and its Impacts (No. 3)

An Introduction to Globalisation and its Impacts (No. 3)

Author: Bhagirath Lal Das                       About the Book Globalisation has an impact on the lives of people in all sectors of society, and most adversely on poorer and more...
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Bridging the Global Economic Divide: Proposals for Millennium Development Goal 8 on Global Partnership for Development (No. 5)

Bridging the Global Economic Divide: Proposals for Millennium Development Goal 8 on Global Partnership for Development (No. 5)

Author: Martin Khor                             About the Book The origins of the Millennium Development Goals (MDGs) lie in the United Nations Millenniium Declaration,...
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Causes and Sources of the Asian Financial Crisis (No. 1)

Causes and Sources of the Asian Financial Crisis (No. 1)

Author: Yilmaz Akyuz                         Contents A.Introduction B.   Build-up of external vulnerability 1.   Why did the lenders lend? 2.   Why did the borrowers...
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Debt and Conditionality: Multilateral Debt Relief Initiative and Opportunities for Expanding Policy Space (No. 9)

Debt and Conditionality: Multilateral Debt Relief Initiative and Opportunities for Expanding Policy Space (No. 9)

Author: Celine Tan                              About the Book THE Multilateral Debt Initiative (MDRI) was introduced in September 2005 to operationalise the political...
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Debt Sustainability in Emerging Markets: A Critical Appraisal (No. 28)

Debt Sustainability in Emerging Markets: A Critical Appraisal (No. 28)

Author: Yilmaz Akyüz                              About the Book This paper critically assesses the standard International Monetary Fund (IMF) analytical framework for...
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Financial Liberalization and the Impact of the Financial Crisis on Singapore (No. 24)

Financial Liberalization and the Impact of the Financial Crisis on Singapore (No. 24)

Author: Michael Lim Mah-Hui & Jaya Maru      About the Book As one of the most developed economies in Asia, Singapore’s success is built on an outward-looking growth model driven by exports,...
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Fruits of the Crisis: Leveraging the economic crisis to secure development resources and reserve reform (No. 29)

Fruits of the Crisis: Leveraging the economic crisis to secure development resources and reserve reform (No. 29)

Authors: Soren Ambrose & Bhumika Muchhala About the Book The allocation of Special Drawing Rights (SDRs) to member states of the International Monetary Fund (IMF) during the economic crisis in 2009...
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Global Rules and Markets: Constraints Over Policy Autonomy in Developing Countries (No. 10)

Global Rules and Markets: Constraints Over Policy Autonomy in Developing Countries (No. 10)

Author: Yilmaz Akyuz                             About the Book Recent years have seen a rapid opening up and integration of developing countries into the world economy to...
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Managing Financial Instability in Emerging Markets: A Keynesian Perspective (No. 12)

Managing Financial Instability in Emerging Markets: A Keynesian Perspective (No. 12)

Author: Yilmaz Akyuz                            About the Book THE Keynesian analysis of financial instability as developed by Hyman Minsky provides considerable insights...
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