Bretton Woods
With the crisis was revealed that the short-term financial movements were less well regulated. We have already drawn attention to the obsolete distribution of power within the old Bretton Woods institutions. It is clear that any reform in the supranational economic issue runs parallel with reform of political institutions. Where do we go? We go to two billion poor. Nonpolar face of a world need to highlight the recreational opportunities of international economic institutions.
This is where the force the need for what we will call the "global social compact. The so-called welfare state has collapsed and we need to defend the human being. It is true that there have been events such as the "social summit" in Copenhagen (1994) territory probably mistaken for a battle between reformists and revolutionaries. The truth is that defining the economic future of the world is overlooking very difficult. Clearly the need to reform or global organizations to build new economic. The recent crisis highlighted the damaging capability of easy money and the need to accelerate the evolution of the international financial system.
That capital voracious appetite lived deep in the increasingly rapid return. However, the degeneration touches deeply the concepts of ethics and moral, has reconsidered the need for restrictive rules to a disorderly market. Despite the approach of the G-20 seems to have countries that refuse to abandon Bretton Woods. I must add, the latter concept, which economists call "Slovenian effect", ie the existence of small markets with no growth without structural reforms and unattractive for foreign investment.
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