Things must be terribly wrong for these human misery managers are proposing a "change" in international relations, such as rats, are the first to jump ship because they forget that their policies are having on the economy prostrate globol big capital, which implemented the most cruel form of capitalism that is known in history, now trying to distance himself from the problem, to later say they never I agreed on the policies they pursue, but now if its policies are right, you have to obey and to do new courses to train the same technocrats who have the greatest part of the world population in extreme poverty and hunger, and the world to the brink of natural disaster the exes of contamination caused by the indiscriminate use of resources, through the exaltation of individualism and material interests. Are the same technocrats who one day working for companies responsible for the crisis and the other stand as guarantors of global development in organizations made to perpetuate the privileges of a few at the expense of the majority of the world population.
raises incorporate the G-7 to developing nations like Mexico, Brazil, China and India will be decreased
trade, capital flows, remittances, domestic investment and growth, warning
Robert Zoellick, World Bank president, last September at the annual meeting of the Clinton Global Initiative, held in New York Photo: Ap
Roberto González Amador
Washington, DC, October 6. The financial crisis that erupted in the United States was "the dark side of global connectedness," suggested Robert B. Zoellick, president of the World Bank (WB). "The harsh reality is that developing countries must prepare for a drop in trade, capital flows, remittances and domestic investment and a slowdown in growth," he said.
effective multilateral system "and not working, "said Zoellick, who sought to make the G-7 countries advanced to seven developing nations, including Mexico and Brazil, to form" a new steering group "which" mobilize efforts to solve problems. "
Shared responsibility with the State
Beginning the week that this capital will meet finance ministers and central bank governors from 183 countries, Zoellick said: "We must redefine economic multilateralism more beyond the traditional focus on finance and trade. " Stated that "the new multilateralism should focus on the shared responsibility of the State. "
World Bank president, in a speech today at the Peterson Institute for International Economics, in this city, described last September as "a tough month in a precarious year." He said that families are concerned about what the future holds, and that the U.S. financial crisis, which began to have expression in Europe, could be a tipping point for many developing countries. "The slowing growth and deteriorating financing conditions, combined with monetary tightening, will trigger business failures and possibly emergency bank, "he said.
Zoellick said the international architecture designed to deal with crises like the one facing the world today "is cracking.
"The U.S. and the world dig out of this well, we must focus on the future: we need a new multilateral network for a new global economy," he explained. Multilateralism, he said, not a fixed nor unitary system, but a flexible network. "The New Multilateralism should be respectful of the sovereignty of states, while recognizing the many problems that do not respect national borders."
A Facebook for diplomacy
said that the current Group of 7 (G-7) advanced countries "does not work." Comprising the United States, Canada, Japan, England, France, Italy and Germany, the group said, has many difficulties in moving from discussion to action.
"For the purposes of the financial and economic cooperation, we should consider a new Steering Group including Saudi Arabia, Brazil, China, India, Mexico, Russia, South Africa and the current G-7," he suggested.
Such a Steering Group would bring together over 70 percent of world GDP, 56 percent of the population the planet, 62 percent of energy production, the major carbon emitters and the biggest actors in the global foreign exchange markets, capital and commodities, he said.
"This new Steering Group should meet and videoconference regularly to foster group responsibility. Alternates should have frequent and informal. Will be supported by an active network of bilateral consultations within and outside the group. need a Facebook for multilateral economic diplomacy, "he added.
He said that the World Bank, together with the International Monetary Fund and the Organization WTO, can contribute to supporting the "steering group" of countries.
Among the battery of reforms proposed by Zoellick also includes the World Bank. To identify and propose, proposed the creation of a "high-level committee, which will be headed by Ernesto Zedillo.
Zoellick said the World Bank must also adapt more quickly to meet the changing needs of the countries receiving funds and that the contributing nations. The "high-level committee" will examine how the World Bank should act "more dynamic, effective and efficient, and legally in a transformed global political economy, "he added.
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