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Brazilian Economist Describes “Global Disorder” Created by Economic Crisis

Maria da Conceição TavaresTalking during a magisterial conference before the United Nations Economic Commission for Latin America and the Caribbean, ECLAC, in Santiago de Chile, Brazilian economist Maria da Conceição Tavares said that “With no new international order in sight following the crisis, the only certain thing is that the model of development which caused it can not continue.”

The controversial leftist Brazilian economist gave a conference on The Effects of the International Financial Crisis in Latin America and the Lessons from the Brazilian Case to a selected audience of diplomats, academics and international organizations staff. She was presented by ECLAC Executive Secretary, Alicia Bárcena.

Professor at the Campinas University, emeritus professor at the Federal Rio de Janeiro University (which has one of the best economic schools in Latin America) Ms. Maria da Conceição Tavares has a long career in academia, politics and is a decisive reference for Brazil’s cultural intelligentsia.

In her hour-long conference, Ms. Tavares talked about each of the legs of what she described as the “surge and declination of financial globalization”. Following a quick description of the causes that triggered the sub-prime crisis in the US in 2007 – which would later expand to the rest of the world in 2008 and 2009 – the economist painted the current scenario of “international disorder”.

“The crisis has created a new international disorder where the economic situation remains most unstable, with some bubbles that could go off and financial turbulences which emerge in different places, as has happened in the last few weeks in Greece,” said Ms. Tavares.

She emphasized that consumption and government expenditure can’t continue to be the engine for growth in developed countries. “We can continue with the financial disorder and the ideological confusion, but what can not continue is the same pattern of growth which has led us to this situation and fired the crisis,” underlined the Brazilian academic.

Ms. Tavares added that markets organized themselves in a capitalist “canon law”, in a way that is not sustainable, fastened to phantom credits and toxic derivative instruments which impacted on international credit and caused a major financing restriction.

More specifically regarding Latin America, Ms Tavares acknowledged that the region addressed the crisis in far better way than in other parts of the world with a moderate fall in growth and employment. However to promote a more solid recovery, she underlined the importance of investing in infrastructure and in the implementation of a social universal protection public system.

“That is why the proposals ECLAC will be taking to its thirtieth period of sessions at the end of May, in Brazil, in its document The Time for Equality; Gaps to Close and Paths to Open is crucial. These are long term policies which must be implemented to ensure development with fairness and equality in our continent”, added the economist.

Ms. Bárcena described the visitor as a great personality and contributor to economic thinking. “The acute profile of her ideas, the clarity to identify real problems beyond established theoretical frameworks, her constant intelligent provocation with arguments has permeated several generations of Brazilian and Latin American economists.”

Mercopress

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  • Show Comments (8)

  • ch.c.

    Lula “Actually get your facts straight. It was BRAZILIANS that sent the trash to their OWN country. ”
    SO RIGHT !!!!!!

    Suffice to also look at Brazilians cities DIRTS & GARBAGES !

    Brazilians LOVE smelly and stinky trashes !

    And I challenge anyone to prove me wrong….WITH FACTS…not words from junkies !!!!

    Just look at the recent rankings for World Cleanest Countries :
    http://iipalbanjary.net/2010-top-cleanest-countries/

    Where is Brazil Ranked…in the top 20 ?????
    Ahhhh….ahhhhh
    Here : http://epi.yale.edu/Countries/Brazil
    62 if I am not wrong

    Ahhh…ahhhh !

    Feel free to continue pretending how clean Brazil is !
    Feel free to continue swimming in your ocean of polluted country !

    And to the idiot of jo-ny :
    are you so sure that ONE container LESS will have improved your overall country ranking ?????

    Hmmmm….hmmmm

    Ahhhh….ahhhhhh !!!

  • Lula

    Actually get your facts straight.
    It was BRAZILIANS that sent the trash to their OWN country.

    They are going to prison for a minimum of 5 years (they won’t live 5 mins)

    Their families have already been deported.

    FACT!

  • jo-ny

    To Lula gay guy!!!
    “After all….you might send me shipping containers full of toxic waste…..then make me pay for its return.”???
    What are you talking about you stupid f.u.c.k. Get your facts straight gay guy. You must be referring to Great Britain that sent a ship full of highly toxic medical waste to Brazil and got cot doing it so…
    You are already pure trash, there will be no need to send you more after all you have family reunion coming up… at the city dump.
    Yesssssss right your e-mail…big gay guy and I promise to send you some family fotos.

  • Lula

    I’ll give you my email address, but not my house address. After all….you might send me shipping containers full of toxic waste…..then make me pay for its return.
    After all Brazilians are the most superior people on the planet who can do no wrong. Tell me….is it hard to do barbecue up in your ivory towers?

  • João da Silva

    [quote]Professor at the Campinas University, emeritus professor at the Federal Rio de Janeiro University (which has one of the best economic schools in Latin America) Ms. Maria da Conceição Tavares has a long career in academia, politics and is a decisive reference for Brazil’s cultural intelligentsia.[/quote]

    Ms.Maria da Conceição [i][b]always[/b][/i] likes to be in the opposition. An economist [i][b]not[/b][/i] to be taken seriously. Hopefully she would retire soon and leave us all in peace.

  • Jo-ny

    Costinha where are you?
    Costinha do your magic and nail this Lula gay guy above. Publish his e-mail and address so we can have a party with him!!!

  • Lula

    I thought it was a problem caused by “blue eyed people” according to that monkey president of yours.
    Meanwhile you bunch of spineless 3rd world morons follow the same economic policy. Proves the point that wherever there is $$$$ and a fat dick, Brazilian fags will suck it.
    FUCK BRAZIL!

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