Global: The state of the world economy

'The world economy is no less fragile today than it was on the eve of the 2009 Conference. And Developing Economies are just as exposed to downside risks from Advanced Economies as they were then, but their policy space has narrowed in the interim. There can be little doubt that there is a lot Developing Economies could do to strengthen their own fundamentals and reduce dependence on foreign markets, capital and commodities to gain greater autonomy.' This is according to The South Centre's Chief Economist, Dr. Yilmaz Akyüz, who took part as a speaker at the UN General Assembly's two-day Thematic Debate on the State of the World Economy, held in New York on 17-18 May 2012. The presentation can be accessed from the South Centre's website.