Toward an Effective Participation of the Developing Countries to constrict a New International Economic System
Volume 7, Issue 27, Pages 68-101
Due to the repercussions of the current international financial crisis, the role of the developing countries, under the capitalist system, has reflected the following adverse economic factors:
1. Losses in the developing countries investments in the international financial markets, like the losses in the governmental establishments and the banks.
2. The decrease in the oil prices.
3. A decrease in imports and sources on finance resulting in deficit.
4. A decrease in the employees' transfers after they have lost their jobs.
Amidst these repercussions the calls to reconsider the international economic system, especially the financial system, have recurred. This time, the calls have been raised by the developed countries – excluding the USA - along with the developing ones, for all countries are concerned with the changes triggered by the problems facing the international economy.
In case of the developing countries, the international crisis is a good chance to realize bilateral cooperation boosted by the human and economic potentialities. This can enhance the countries role in the management of international financial establishments, like the WMF.
To achieve the discussion objectives, the following divisions are considered:
a. A brief review of the international financial relations history until the beginning of the international financial crisis.
b. The international financial crisis: The roots of thoughts and the appearance of the symbolic economy.
c. The European view regarding the crisis.
d. The new horizons of the economic relations between the developed and the developing countries.
e. The call for a new international economy.
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