Responsible Global Governance
Rita Dulci Rahman‚ Jose Miguel Andreu
About the Book
SINCE 1820 and till the beginning of the 21st Century, the so-called growing economic gap between the developed world and the developing countries has not changed its gloomy trend. The mentioned dismal tendency seemed to reverse only for a few years, during 1950 to 1973.
In the 70s, the two oil-crises that unleashed inflation and reduced growth rates forced economic theorists and practitioners to look for a new economic policy. This economic restatement finally resulted in a shift of the pendulum, giving back the priority to the market forces, which to some extent had surrendered to the public sector since the 30s. This new economic restatement gave birth to a biased approach of the neoclassical model, which applied to international and development economics generated the so-called Washington Consensus.
Against what was promised and expected, the recommended international economic policy did not ever work in the poorest countries, thus enabling the growing gap to continue. This phenomenon added to long-lasting unresolved international political problems along with the consciousness of constant neglect by the rich countries, has unleashed severe frustrations and in some cases induced the appearance of international terrorism. In our view, the policies of continuous insufficient international economic co-operation and biased trade negotiations with LDC, and the unfocused and somewhat over-done reactions to eliminate terrorism as practised in the last two years by western leadership, are doomed to fail.
According to our interpretation of recent history, if the society of nations wants to solve the current economic and political problems for reaching global peace and security in consistency with sustainable prosperity for all, it will have to increase, pool and reshuffle international public transfers to poor countries. And this should be done while implementing necessary reforms in international economic policies according to a rational sequencing of application (first co-operation, then trade and private financial liberalisation).
At the same time a political reorganisation of the UN and its economic agencies is urgent, since these institutions are asymmetric in decision -making, and rather operating in the interest of the powerful, thus holding back the application of efficient economic means to reach global stability.
About the Author(s) / Editor(s)
Rita Dulci Rahman has 26 years of experience in international relations in different fields, among others in trade and investment, migration, conflict resolution, and development co-operation. She has been committee member or chair in several European and Dutch governmental and non governmental bodies such as EECOD, CCME, ECLOF and Fondad. Born in the Dutch Antilles, she is currently Minister Plenipotentiary at the Royal Netherlands Embassy in New Delhi. She obtained her Masters degree in Develop-ment Studies at the University of Leiden, Netherlands, and her Bachelors in Mathematics, University of Surinam. For three years (1988 - 1991) she taught at the University of Leiden. She has published more than 30 articles on international relations.
Jose Miguel Andreu is Professor of Economics at the University of Sevilla, Spain. He has also taught Econo-mics in the Basque Country University, in the University of Alcala de Henares, and in the Open University of Spain (UNED). For 30 years he has been delivering lectures on Introduction to Economics, Intermediate Macroeconomics, Superior Macroeconomics, Theory of Economic Growth, Money and Banking etc. He has published several textbooks for students, reports, and more than a hundred articles on Spanish and international economic matters. For two years (1981-1982) he was economic advisor to the Prime Minister of Spain. Recently (2000-2003) he served as a Spanish diplomat to India.
Contents in Detail
| Publisher | AF Press |
| Publication Date | 2004 |
| Number of Pages | 180 |
| ISBN |
8171883524 |
Academic Foundation (AF), based in New Delhi, is India’s leading independent publisher of academic/scholarly books in Social Sciences, specialising in Economics—Development Economics and Indian Economy in particular, and allied subjects.
About the Book
SINCE 1820 and till the beginning of the 21st Century, the so-called growing economic gap between the developed world and the developing countries has not changed its gloomy trend. The mentioned dismal tendency seemed to reverse only for a few years, during 1950 to 1973.
In the 70s, the two oil-crises that unleashed inflation and reduced growth rates forced economic theorists and practitioners to look for a new economic policy. This economic restatement finally resulted in a shift of the pendulum, giving back the priority to the market forces, which to some extent had surrendered to the public sector since the 30s. This new economic restatement gave birth to a biased approach of the neoclassical model, which applied to international and development economics generated the so-called Washington Consensus.
Against what was promised and expected, the recommended international economic policy did not ever work in the poorest countries, thus enabling the growing gap to continue. This phenomenon added to long-lasting unresolved international political problems along with the consciousness of constant neglect by the rich countries, has unleashed severe frustrations and in some cases induced the appearance of international terrorism. In our view, the policies of continuous insufficient international economic co-operation and biased trade negotiations with LDC, and the unfocused and somewhat over-done reactions to eliminate terrorism as practised in the last two years by western leadership, are doomed to fail.
According to our interpretation of recent history, if the society of nations wants to solve the current economic and political problems for reaching global peace and security in consistency with sustainable prosperity for all, it will have to increase, pool and reshuffle international public transfers to poor countries. And this should be done while implementing necessary reforms in international economic policies according to a rational sequencing of application (first co-operation, then trade and private financial liberalisation).
At the same time a political reorganisation of the UN and its economic agencies is urgent, since these institutions are asymmetric in decision -making, and rather operating in the interest of the powerful, thus holding back the application of efficient economic means to reach global stability.
About the Author(s) / Editor(s)
Rita Dulci Rahman has 26 years of experience in international relations in different fields, among others in trade and investment, migration, conflict resolution, and development co-operation. She has been committee member or chair in several European and Dutch governmental and non governmental bodies such as EECOD, CCME, ECLOF and Fondad. Born in the Dutch Antilles, she is currently Minister Plenipotentiary at the Royal Netherlands Embassy in New Delhi. She obtained her Masters degree in Develop-ment Studies at the University of Leiden, Netherlands, and her Bachelors in Mathematics, University of Surinam. For three years (1988 - 1991) she taught at the University of Leiden. She has published more than 30 articles on international relations.
Jose Miguel Andreu is Professor of Economics at the University of Sevilla, Spain. He has also taught Econo-mics in the Basque Country University, in the University of Alcala de Henares, and in the Open University of Spain (UNED). For 30 years he has been delivering lectures on Introduction to Economics, Intermediate Macroeconomics, Superior Macroeconomics, Theory of Economic Growth, Money and Banking etc. He has published several textbooks for students, reports, and more than a hundred articles on Spanish and international economic matters. For two years (1981-1982) he was economic advisor to the Prime Minister of Spain. Recently (2000-2003) he served as a Spanish diplomat to India.
Contents in Detail
| Publisher | AF Press |
| Publication Date | 2004 |
| Number of Pages | 180 |
| ISBN |
8171883524 |
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Responsible Global Governance