TRNN Video: G-20 or G-192: Fear of the South
West shutting UN out of global crisis response, as South governments question pillars of world economy.
Washington, DC, July 15, 2009 --(PR.com)-- In the latest TRNN video, Producer Jesse Freeston examines how the UN and governments of South countries are speaking out against the Western-dominated economic framework that has spiraled the global economy into crisis.
Freeston says that the language of the West, in response to the global economic collapse, has been highlighting a reset, recovery, and renewal of past policies. UN representatives of Western countries stated that the UN, and the majority of countries opposing a Western-guided solution to the economic crisis within the UN, have neither the "expertise nor mandate" to remedy the current global situation.
Critics point out that the current economic crisis came out of a Western-oriented framework to global economy, and that this crisis has proven that framework to be flawed. "For the developed countries, it is a question as to how do we stop the present fall-out of the financial system? And presumably, their system [might] begin to work as it worked before, the international system will work as it worked before. What all of this has shown is that that international system was fundamentally flawed. In fact, developing countries have been seeing this for years. They have been saying this especially after the 1990s and after the Asian [financial] crisis," Byron Blake, Jamaican Ambassador to the UN, tells TRNN.
Freeston also points out that the people in the least developed countries have felt the worst of the global economic crisis, exacerbating already dire living conditions.
"There is no denying that the crisis is having a disproportionate, negative impact on the LDCs (Least Developed Countries)," Dipu Moni, Minister of Foreign Affairs for Bangladesh, stated. "The conditions are getting worse, and the number is rising rapidly. Latest statistics from Food and Agriculture Organization puts the number of hungry people now at unprecedented 1.02 billion [people], which is 1/6th of the humanity."
Frustrated at being ignored, many representatives of developing nations are demanding an active involvement in crafting a global solution to the economic crisis.
"We made no contribution to this crisis," Delano Frank Bart, Permanent Representative to the UN, St. Kitts & Nevis, spoke at the summit. "We did not remain silent. We objected with every breath we had, but we were ignored."
For Press Inquiries, please contact:
Sharmini Peries
Senior Editorial Board Member
Email: sharmini@therealnews.com
###
Freeston says that the language of the West, in response to the global economic collapse, has been highlighting a reset, recovery, and renewal of past policies. UN representatives of Western countries stated that the UN, and the majority of countries opposing a Western-guided solution to the economic crisis within the UN, have neither the "expertise nor mandate" to remedy the current global situation.
Critics point out that the current economic crisis came out of a Western-oriented framework to global economy, and that this crisis has proven that framework to be flawed. "For the developed countries, it is a question as to how do we stop the present fall-out of the financial system? And presumably, their system [might] begin to work as it worked before, the international system will work as it worked before. What all of this has shown is that that international system was fundamentally flawed. In fact, developing countries have been seeing this for years. They have been saying this especially after the 1990s and after the Asian [financial] crisis," Byron Blake, Jamaican Ambassador to the UN, tells TRNN.
Freeston also points out that the people in the least developed countries have felt the worst of the global economic crisis, exacerbating already dire living conditions.
"There is no denying that the crisis is having a disproportionate, negative impact on the LDCs (Least Developed Countries)," Dipu Moni, Minister of Foreign Affairs for Bangladesh, stated. "The conditions are getting worse, and the number is rising rapidly. Latest statistics from Food and Agriculture Organization puts the number of hungry people now at unprecedented 1.02 billion [people], which is 1/6th of the humanity."
Frustrated at being ignored, many representatives of developing nations are demanding an active involvement in crafting a global solution to the economic crisis.
"We made no contribution to this crisis," Delano Frank Bart, Permanent Representative to the UN, St. Kitts & Nevis, spoke at the summit. "We did not remain silent. We objected with every breath we had, but we were ignored."
For Press Inquiries, please contact:
Sharmini Peries
Senior Editorial Board Member
Email: sharmini@therealnews.com
###
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sharmini@therealnews.com
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