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Global Democracy for Sustaining Global Capitalism: The Way to Solve Current Global Problems

Jose Miguel Andreu (Author) Rita Dulci Rahman (Author)
Synopsis Worldwide there is a growing perception among intellectuals, politicians and citizens, that current global problems and conflicts cannot be solved by national governments, even not by the most powerful ones. It is also more and more observable that the current multilateral institutions (UN, World Bank, IMF, WTO, etc.), created in the oftermath of the second World War to administrate political stability and economic prosperity, can no longer deliver in today's fully informed, much more democratic and highly interconnected world.

Moreover, the pervasive promotion of national democracies across the world-as currently "pursued" by the West-to solve problems of a collective nature (global public goods and global externalities) is neither a necessary nor a sufficient condition. Indeed, developments in the last decade have proven that at global level, and in crucial areas such as peace and common security, global environment, etc., a UN led by self-appointed "nationally democratic" arbitrators, cannot deliver. In fact, in such circumstances and following the principle of self-interest, even nationally democratic countries have often behaved as free-riders in global economic issues, while the most powerful, in absence of balanced political costs, have tended to abuse the other. In addition, dominant neo-conservative policies in the last two decades have mostly resulted in worse national and international income distribution, increased the number of conflicts and tensions across the world, and been incapable of dealing with common-global problems such as climate change.

Against the above global political background, the authors, after carefully analysing the foundations of democracy at national and global levels, the conditions for sustainability of democracy, and its interconnections with capitalism-be this national or global-propose a complete redesign of the UN system and its economic agencies on a democratic basis. According to the authors, this will finally result in a global democracy for exclusively dealing with global public goods and externalities. A priority target of this reorganization will be a more balanced and acceptable global distribution of income, as a necessary for the survival of global capitalism.
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About the authors

Jose Miguel Andreu

Jose Miguel Andreu is Professor of Economics at the University of Sevilla, Spain. He has also taught Economics in the Basque Country University, in the University of Alcala de Henares, and in the Open University of Spain (UNED). For 30 years he has been delivering lectures on Introduction to Economics, Intermediate Macroeconomics, Superior Macro-economics, Theory of Economic Growth, Money and Banking etc. He has published several textbooks for students, reports, and more than a hundred articles on Spanish and international economic matters. For two years (1981-1982) he was economic advisor to the Prime Minister of Spain. Recently (2000-2003) he served as a Spanish diplomat to India. Professor Andreu is currently working as an advisor to the African Development Bank in Tunis.

Rita Dulci Rahman

Rita Dulci Rahman has 30 years of experience in international relations in different fields, among others in trade and investment, migration, conflict resolution, and development co-operation. She has been committee member or chair in several European and Dutch governmental and non-governmental bodies such as EECOD, CCME, ECLOF and Fondad. Born in the Dutch Antilles, she currently works as a diplomat for the Netherlands Government, and has been posted in Bangladesh, India and Tunisia. She obtained her Masters degree in Development Studies at the University of Leiden, Netherlands, and her Bachelors in Mathematics, University of Surinam. For three years (1988-1991) she taught at the University of Leiden. She has published more than 30 articles on international relations.

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Bibliographic information

Title Global Democracy for Sustaining Global Capitalism: The Way to Solve Current Global Problems
Date published: 07.08.2009
Edition 1st ed.
Language: English
isbn 9788171887309
length 361p., Tables; Index; 24cm.