"Every day there are new situations that generate new worries and new uncertainties within the framework of the international economy," President Leonel Fernandez said Saturday during a two-day economic conference he is hosting.
He called for emerging economies to have greater say in a new world financial system.
The meeting in the Dominican Republic includes Honduran President Manuel Zelaya, Haitian Prime Minister Michele Pierre-Louis, U.S. billionaire George Soros, and Nobel Prize-winning economist Joseph Stiglitz, who warned that the current crisis will be long and deep.
When the U.S. economic bubble burst, left behind a black hole that will likely worsen gaps between rich and poor in developing countries, said Stiglitz in the conference. To overcome the turmoil and ensure that global financial systems benefit more people, the world needs a new understanding of governments role in the economy, he added.
No comments:
Post a Comment