developing countries

OPINION: Developing economies increasingly vulnerable in unstable global financial system

In this column, Yilmaz Akyuz, chief economist at the South Centre in Geneva, argues that emerging and developing economies have become more closely integrated into an inherently unstable international financial system and will probably face strong destabilising pressures in the years ahead. GENEVA, Feb 16 2015 (IPS) – After a series of crises with severe economic and social consequences in the…