¿Salvaremos al Sistema Financiero Internacional?

El Banco Mundial y el FMI terminaron sus reuniones anuales, las cuales fueron recibidas por múltiples manifestaciones callejeras y una escasez de ideas innovadoras. En el presente texto George Soros sugiere una osada nueva táctica para reestructurar el sistema financiero mundial.

El sistema financiero internacional está descompuesto en el sentido de que no es capaz de proveer el capital adecuado a los países que lo necesitan más y sí califican para obtenerlo. Los mercados financieros globales absorben la mayoría de los ahorros mundiales hacia el centro, pero no logran bombear el dinero de vuelta a la periferia. Sin duda, desde 1997 ha habido un flujo inverso de capital desde los países ubicados en la pobre periferia de la economía mundial hasta aquellos que radican en el adinerado centro.

Los hechos hablan por sí mismos. Estados Unidos (EEUU) tiene un déficit crónico en la cuenta corriente que se acerca a un sorprendente 5% del PIB; $242 mil millones en la primera mitad del presente año. Al mismo tiempo, Brasil, el cual ha aplicado políticas económicas adecuadas y tiene un presupuesto y un superávit comercial sanos, no puede refinanciar su deuda a tasas aceptables.

To continue reading, please log in or enter your email address.

Registration is quick and easy and requires only your email address. If you already have an account with us, please log in. Or subscribe now for unlimited access.

required

Log in

http://prosyn.org/grQL3dk/es;
  1. Chris J Ratcliffe/Getty Images

    The Brexit Surrender

    European Union leaders meeting in Brussels have given the go-ahead to talks with Britain on post-Brexit trade relations. But, as European Council President Donald Tusk has said, the most difficult challenge – forging a workable deal that secures broad political support on both sides – still lies ahead.

  2. The Great US Tax Debate

    ROBERT J. BARRO vs. JASON FURMAN & LAWRENCE H. SUMMERS on the impact of the GOP tax  overhaul.


    • Congressional Republicans are finalizing a tax-reform package that will reshape the business environment by lowering the corporate-tax rate and overhauling deductions. 

    • But will the plan's far-reaching changes provide the boost to investment and growth that its backers promise?


    ROBERT J. BARRO | How US Corporate Tax Reform Will Boost Growth

    JASON FURMAN & LAWRENCE H. SUMMERS | Robert Barro's Tax Reform Advocacy: A Response

  3. Murdoch's Last Stand?

    Rupert Murdoch’s sale of 21st Century Fox’s entertainment assets to Disney for $66 billion may mark the end of the media mogul’s career, which will long be remembered for its corrosive effect on democratic discourse on both sides of the Atlantic. 

    From enabling the rise of Donald Trump to hacking the telephone of a murdered British schoolgirl, Murdoch’s media empire has staked its success on stoking populist rage.

  4. Bank of England Leon Neal/Getty Images

    The Dangerous Delusion of Price Stability

    Since the hyperinflation of the 1970s, which central banks were right to combat by whatever means necessary, maintaining positive but low inflation has become a monetary-policy obsession. But, because the world economy has changed dramatically since then, central bankers have started to miss the monetary-policy forest for the trees.

  5. Harvard’s Jeffrey Frankel Measures the GOP’s Tax Plan

    Jeffrey Frankel, a professor at Harvard University’s Kennedy School of Government and a former member of President Bill Clinton’s Council of Economic Advisers, outlines the five criteria he uses to judge the efficacy of tax reform efforts. And in his view, the US Republicans’ most recent offering fails miserably.

  6. A box containing viles of human embryonic Stem Cell cultures Sandy Huffaker/Getty Images

    The Holy Grail of Genetic Engineering

    CRISPR-Cas – a gene-editing technique that is far more precise and efficient than any that has come before it – is poised to change the world. But ensuring that those changes are positive – helping to fight tumors and mosquito-borne illnesses, for example – will require scientists to apply the utmost caution.

  7. The Year Ahead 2018

    The world’s leading thinkers and policymakers examine what’s come apart in the past year, and anticipate what will define the year ahead.

    Order now