Today in The Economist is a post about the financial crisis efects in emergents economies.After reading it seem me that is not clear that emergent economies could be the engine to put out of recesion world economy if the actual industrialized countries headed by american economies enter at end in this condition.The same article give a strong reason the interdepent or globalized ties specially at banking systems.Many emergent tiny countries need financial aid or fresh money to recover after the consecuences of Wall Street problems and the only international institution is FMI but all know that this one was a post II war creation to solve the economies of fifties.I doubt that FMI recipes can solve a generalized “hunger ” for money of emergent economies as eastern eurponean economies as ex URRS countries.Also in latin American countries.Besides the strong medicine solutions can work in the past with many strong men at power as happened in South America in the seventies decade.With a growing international public opinion against schock terapies in economies must be a no viable after the ethic effects of bad practices of banking institution ,today mostly in fact beyond state dependence.Is true that if some countries don growth above certain per year amount as China over 7 % we can see great social discontent of a a population that has enter in consumism wave.For less in other places in the past social riots came.China or Rusia lending money as a new bank barons to other countries?In fact in a new economical lanscape the priority must be internal demands to mantain operating his own economies.Rusia has reserves but with oil price falling must be use this reserves inside the country.
Other aditional problem is in a recesive world China export to USA ,Europe,or emergent economies also
slow his rate.Made in China cars or other industrialized goods has no buyers.The fall in comodities prices in the last month is a first yellow light warning that the emergent economies leaded by great countries as China,India,Brazil or Rusia has not well carburated to replace developped economies leaded by USA.Besides only Rusia and China has internal posiblities to extend without drastic internal political reforms the internal market to replace the international one.
One solution is a political one make a new international economic institutionality with more power to
avoid new world crisis and to sustainable growth.The market to open is the underdevoped markets as
tarjet of world economies.In this frame ONU and other world organization gain and restaure credibility eroded during the last decade.Is utopia?,it posible but in all the human economical history has been inflection moments when economies lost terrain against political revolutionary facts.Is blindness to avoid the influence on French revolution of Paris of the hunger citoyens.Or Russia poor peasant populations aims.
These turning points in societies histories are not ruled by market laws and ignore the first signals could be al least a bad business to the leading elites of rich countries.The history is plenty of other economic groups who vanished as consecuences of noisy or silent revolutions backed by very simple
slogans as Liberty,Equality or Fredoom more powerfull that marketing actual one who call to buy,but you dont can buy when you dont have a productive work,a decent access to education or health.All this is more “dangerous” to free market economies that the actual or repetitive recesives crisis.
The information came last week about oil founded in huge reserves in north of Cuba Island in Caribe Sea.The amunt only 20 millions of barrels.USA reserves are 29 millions.So the fact if is confirmated in not a no importance issue.Many people has never understand the american embargo to cuban regime.Is a anacronism in XXI century.Besides comunism if was the reason is no longer a military menace.Less cuban weapons and an tiny country with less population of one state of USA.Or the hidden reason is that Cuba in fact was part or “influence area” of America.Is a more eufemistic way of dont say the back yard.Certainly many people back a hard approach to mantain the embargo.Is a paradox that a very pragmatic political establishment has no a good answer to the question of if is coherent the rule of a lak of liberties in Cuba is the important reason.But this works for all political sides.In the past at less in Latin America USA has backed wright wing totalitarian governments bus was not a embargo as the kind of Cuba.And if the situation evolves to free elections anf a left wing coalition is elected?.Bolivia,Equator has left wing elected governments with no embargo.A rational approach must be the task for a new american administration.Oil is a scarce resource, and is near USA both countries needed each other.I dont know the Obama ideas about cuban embargo but I guess is more flexible in consideration of the economy heritage.Could be more pragmatic and balance a oil policies very erratic who has in Irak the consecuences of a bad taken decition.
Iceland is a country located in Atlantic Sea with 320.000 people was a model to follow in recent years.A per capita income of US 51.000,no regular army,no delincuence,a growing economy.But 14 October all changes,a 77% falling in shares must be asumed.The country request aid from EEU,Rusia and FMI.This are the facts of only one country.Some reflections very subjetive and personal about the no economics consecuences of the world financial crisis.
People in all world is concerned about Wall Street financial crisis most see only a economical temporary bad cycle bus the hidden real issue is this one is the end of a era of a vision of world concerned only about money but not over the peoples.The end also about a lack of democratic practices over a market free of ethics frames ruled by a tiny group of bankers,politicians and money owner,worst no money people who speculates with money of other people.Human life has not be a paradise but when mankind take the decision of life in society the first rule was be respect the rigth of the others to share the fruits of growth in equalitarian terms.This is not the real state of things.Many poor people must wait for a long time after this crisis to a better life conditions,the one day dollar economies must be a half dollar or no dollar for many years.Is certain a uthopia live in paradise without hard work,but a speculative economy is a devil one.Now all people in the world realizes that must loose money in this round,but is other hidden and unspoken side of the crisis the psicological looses.Many human proyects postponed or never complished.Human life is a no infinit resource and you can dont say people wait for 5 or 6 years all your lifes could improves.Many people is in the bad called “golden years” and whan thing eventually go better perhaps be to late.Paradises only exist in human dreams or uthopia,but a decent economical policies could build a tiny oasis in the actual desert after the Wall Street drama who has extended to all planet