From Aljazeera
By Deborah James
"You wouldn't know it from the mainstream press, but there is a huge fight brewing over the future of global economic governance that came to a head at a conference in Doha, Qatar, this past weekend. There, governments from around the world joined the 13th meeting of the United Nations Conference on Trade and Development (UNCTAD XIII), where they finalised a document that set the mandate of the organisation for the next four years.
UNCTAD, as the only multilateral economic agency focused on development, has emerged as one of the leading critics of "finance-led globalisation", positing "development-led globalisation" as the needed alternative policy focus of global economic governance.
Therein lies the fight.
Not surprisingly, those institutions currently in charge of these matters, such as the International Monetary Fund (IMF), the World Bank, the World Trade Organisation (WTO) and the Organisation for Economic Cooperation and Development (OECD), are reluctant to share the governance space with UNCTAD."
read more
No comments:
Post a Comment