Message-ID: <Pine.A41.3.95.970110131800.23754H-100000@paris.NMSU.Edu> Date: Fri, 10 Jan 1997 13:40:47 -0700 From: JC WANDEMBERG <mailto:juwandem@NMSU.EDU> Subject: Developing Countries' Options To: Multiple recipients of list DEVEL-L <mailto:DEVEL-L@AMERICAN.EDU>
On Fri, 10 Jan 1997, Jonathan Sanford wrote: snip. > What are the proper goals that an economic system should seek to meet?
>Does a market-focused economic system ...yield better or more desirable
>results than state-controlled ...?
> What realistic options do developing countries have
..> > countries are really facing when they decide whether to reformulate their
> national budget or monetary systems or their treatment of foreign investment,
> etc. Less abstract theory and more applied application to the developmental
> context might now be appropriate.
I could not agree more!, one issue that I believe has not been given enough consideration is that of the external debt. Take, Ecuador for instance, the burden of the external debt servicing is so huge (~40% of exports currently, and the worst is yet to come in the year 2001) as well as the pressure from IMF & World bank that the first cuts (to balance the budget) are made in the health,education an social services.
How can we keep the pressure from the world economy lords (i.e. banking institutions which manipulate the world bank and IMF) from suffocating the lives of those who pay the consequences of 'misguided' or blinded economic policies which only seem to pursue one and only one objective, namely, that the debtor countries PAY in FULL their "debts"?.
I'm not advocating not to "give to Caesar what is Caesar's", but simply put, creditors should also pay for their irresponsible lending practices (particularly petro dollars). They (lenders) argue they have lost millions, nonsense, suffices to view the facts!, and thess clearly indicate the reversal (since the beginning of the 80s) of the capital flux (from de developing world towards the "developed" one).
Regards, (always hopeful!)
************************************************************ |J.C. Wandemberg |
|Ph.D Graduate Researcher |
| |
| |
|INTERNATIONAL INSTITUTE FOR NATURAL, ENVIRONMENTAL |
|& CULTURAL RESOURCES MANAGEMENT (IIRM) |
|College of Agriculture & Home Economics (NMSU) |
|Box 30003, Dept. 3169, Las Cruces, NM 88003-003 USA |
|URL:http://www.nmsu.edu/~iirm E-Mail:mailto:juwandem@nmsu.edu |
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