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Global Financial Meltdown: The West and the Rest |
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Yash Tandon, Executive Director, South Centre, Geneva
The debt-financed US-led global economy is crumbling. What lessons can the leaders of the South learn from the present meltdown of the Western capitalist system? There are six lessons that can be offered.
The first lesson, surely, is that contrary to mainstream thinking, the market does not have a self-corrective mechanism. In the present crisis the “market makers” are watching nervously from the sideline as the Congress and the politicians huddle together to see how to bail out the banks. The leaders of the South have been instructed in innumerable reports and policy recommendations by “experts” from the International Monetary Fund (IMF), the World Bank, and the World Trade Organisation (WTO) as well as Northern politicians that they should let their economies be ruled by the market.
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Participate in INSouth.org |
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Participate in INSouth.org by registering your profile and submitting your publications / research / project information of relevance to the South.
Membership is open to all intellectuals amongst policymakers, academics, media and civil society who share and support the South perspective and its institutions.
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Delhi Summit Declaration (3rd Summit of the India-Brazil-South Africa (IBSA) Dialogue Forum) |
15 October 2008

The Prime Minister of India, H.E. Dr Manmohan Singh, the President of Brazil, H.E. Mr. Luiz In�cio Lula da Silva, and the President of South Africa, H.E. Mr. Kgalema Petrus Motlanthe (thereafter referred as �the leaders�) met in New Delhi, India, on 15 October 2008, for the 3rd Summit of the India-Brazil-South Africa (IBSA) Dialogue Forum.
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Rebalancing the TRIPS Agreement and Strengthening Enforcement for Development |
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Ambassador Sun Zhenyu, Permanent Mission of China to the WTO in Geneva, Geneva
After years’ implementation of the TRIPS Agreement, continued complaints have been heard, particularly from many developing countries. During the Doha Round this has been an implementation issue. There is also a fundamental question about where is the right place for the discussion of intellectual property rights. Many developing countries and NGOs believe that the IPR issue should have been dealt with by WIPO rather than the WTO or other international organizations.
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