Good intentions aren’t enough (disponible también en Español)
By Javier Gomez Aguilar and Juan Luis Espada Vedia
Just over six years since this Monterrey Consensus (MC), only weak and limited results have been achieved, given that the Millennium Development Goals are far from being reached by 2010 and that the financial fragility and vulnerability of our countries has again been brought to light in the last few years. This is made even more notorious due to the economic disturbances generated by the bigger world economies. Within this framework, it is important to note that the MC actions are not based on principals or axes which differ from the current development model. Neither does the mobility of resources that the MC promotes prioritize the financial strengthening of our States for their autonomous management. Rather they aim to generate conditions so as these States are receptors of transnational capital and that the “goodness†of international trade only deepens economic and social concentration and differentiation.
This article explores the economic model in Latin America and the mechanism for the mobilization of internal resource and international financial resources. It also presents critics and recommendations around issues related with International Aid, Debt, International trade and the Reform of the international financial system.
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