Comments on: The Brazilian Voice: a preview of Henrique Meirelles

By: GCAntunes

GCAntunes — Mon, 09 Nov 2009 00:52:53 +0000

Well stated, Denis Bogere. The financial institutions (the West) created this mess and the developing world should have its say/be given the power on the matter of solutions. I would go further and on the question of Brazil offering “effective contribution to the mammoth task of redesigning the global monetary system and financial agencies, restoring financial stability, delivering a rapid return of economic growth” that alongside India and China, I think they can and should, collectively preform to a level that reflects their needs and interests. Contrary to the above stated, “face-saving strategies” and “strengthening traditional foreign policy based on North-South antagonism,” and as Denis points out, its the only way to productive negotiations between the North and South.

By: kun

kun — Wed, 04 Nov 2009 04:22:06 +0000

In addition to the traditional developed countries like the G7, the presence of emerging economics like the BRICs has become increasing prominent. So, I think they should play an important to role to fix the global monetary system. Moreover, their involvement may help to devise a fairer system since they are very familiar with the conditions of developing countries. Additionally, their expertise of economic growth should be promoted as a reference for development project in other developing countries. Finally, I strongly agree that technical economic jargon and empty rhetoric should be avoided, and more constructive ideas should come up at public discussions.

By: Usi Omondiagbe

Usi Omondiagbe — Sun, 01 Nov 2009 18:46:32 +0000

The story of Mr. Henrique Meirelles, interesting as it seems, surely strengthens Philip McMichael’s argument that globalization is creating a shift in the lives of local people and governments as they no longer have control over key decisions that will shape their lives. In the new world order, immense power lies with globalist politicians, execs of transnational corporations and international banks, and senior officials of international organizations (e.g. the World Bank, IMF and WTO). In leading Brazil and other developing economies out of the recent global financial crises, I would recommend that these leading actors work hand-in-hand with the grassroots level perhaps through civil society groups and local governments. This would help to prevent the sort of globalization that is alien to local people.

By: denis bogere

denis bogere — Sat, 31 Oct 2009 21:12:58 +0000

The lesson of this global financial crisis has exposed the flaws in our current efforts to regulate the financial market. What is needed now is an agreement on how to regulate the financial market. However, this agreement should not be tailored towards the needs of financial institutions that got us in this mess, but rather an effective and coherent framework on financial institutions is needed that does not threaten the developing world; in essence the developing world should have a say in how the news rules of the game are formulated, short of that will result in nonproductive negotiations between the developed and developing world.

By: Estenieau Jean

Estenieau Jean — Sat, 31 Oct 2009 14:10:47 +0000

Knowing the goals and objectives of the World Bank and his sister organization the IMF regarding the developped countries and the developping countries, Brazil is one of the few to emerge from the development project and should be amazed of their position economically. The financial crisis we are experiencing is unfortunately the consequences of deregulations of the financial system by the G7;they should take responsibility of fixing the system.Brazil should pursue their role as a guest of the G-7 and not feeling too confortable where they stand for the moment.