NewsWhore
11-17-2008, 02:30 PM
President Leonel Fernandez has told El Caribe reporters that he is confident about the financial market reforms agreed by the Group of 20 nations (G-20) and aimed at benefiting emerging economies and keeping the global economic crisis from getting worse. Fernandez said he believed that the financial crisis is the product of "a tired neo-liberal financial model". Among the decisions adopted by the G-20 is a plan to reform the International Monetary Fund and the World Bank in order to assist emerging nations, fiscal and monetary policies to reactivate the United States, European and Asian economies and enhanced supervision of financial markets.
The President explained that the problem with the policy in place is that it has not understood the relationship between state, market and society, which is linked to these three factors and when it only takes two of the factors into consideration there is a problem.
Fernandez said that when the relationship is state-market, society becomes individualistic and generates a crisis like the one we have now. He believes that world leaders ought to meet with United Nations member countries as a way of following up on the decisions that they adopt.
President Fernendez was speaking at a graduation ceremony for a Masters in Public Policy and Regulation of the Electricity Industry that was sponsored by the Global Foundation for Democracy and Development. He revealed that the coordinator of the Ibero-American Summit meetings had invited Funglode to take part in the Ibero-American School of Government.
More... (http://www.dr1.com/index.html#1)
The President explained that the problem with the policy in place is that it has not understood the relationship between state, market and society, which is linked to these three factors and when it only takes two of the factors into consideration there is a problem.
Fernandez said that when the relationship is state-market, society becomes individualistic and generates a crisis like the one we have now. He believes that world leaders ought to meet with United Nations member countries as a way of following up on the decisions that they adopt.
President Fernendez was speaking at a graduation ceremony for a Masters in Public Policy and Regulation of the Electricity Industry that was sponsored by the Global Foundation for Democracy and Development. He revealed that the coordinator of the Ibero-American Summit meetings had invited Funglode to take part in the Ibero-American School of Government.
More... (http://www.dr1.com/index.html#1)