United States
June 21, 2020
The world has become interdependent in the fields of trade and the movement of capital and people, but need to move forward on issues such as health, energy and the environment. With the crisis was revealed that short-term financial movements were the worst regulated. There is a clear need to reform or to build new global organizations for economic. The recent crisis had highlighted the damaging capability of easy money and the urgency of accelerating the evolution of the international financial system. That voracious capital lived plunged in the appetite of the increasingly rapid return. However, degeneration deeply touches the conceptions of the ethical and moral, which has restated the need for restrictive rules to a frenzied market. We must add, in this last concept, what economists call Slovenian effect, i.e., the existence of small markets without growth and structural reforms and attractiveness for foreign investment.
It is what Professor Adolfo Castilla (Professor of applied economics of the Universidad Antonio de Nebrija) called the five fingers of economic death, taking the expression of English The five fingers of death used by American film noir movies. The effect Slovenia adds the rise in continuous of the interest rates, the decrease in the United States, fiscal pressure higher and continued exchange-rate appreciation. The danger lies in an eventual reactivation of the crisis by incorrect action of the regulatory institutions of the world economy. We must add that political tensions change the framework in which businesses in the world are made. Emerging economies offer such dangers, the disparity in their incomes. Already, in good part, the success does not depend on the use of advanced technology or costs, but political, especially anti-American game. Let’s add corruption and legal uncertainty.
In short, the recent crisis left wounds in what Marcelo Manucci (Doctor in communication sciences – USal-) calls the until now economic force structure
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organised civil society and the institutions of the nation-State failing not. Concern for the human leads to what has been my approach base on the topic: politics must regain its primacy over the economy, strategies should be directed to address growing poverty and consequential emigration, more new large themes as health, ecological health and energy, in a wrapper of the human. original author and source of the article.