585.2 Democracy, financial crisis and economic alternatives

Friday, August 3, 2012: 2:48 PM
Faculty of Economics, TBA
Oral Presentation
Alicia GIRÓN , Instituto de Investigaciones Económicas, Universidad Nacional Autónoma de México, DELEGACIÓN COYOACÁN, Mexico
Democracy and Financial Crisis are part of the existing correlation between the structural changes and the political regimes in Europe and Latin America in the economic, political and social history of the last years. The economic crisis that already points to the course of six years within the most tragic and unfolding of unemployment of social loss of wealth being has affected economic alternatives without solving the economic growth and the economic development.  On the other hand, the yield fight has influenced the decisions of the International Monetary Fund (the IMF) in favor of the financial markets. The G-20 meeting in London (2009) resurged the Washington Consensus to call and strength the IMF to perform an international task to clean the toxic instruments. To it the indiscriminate opinion of the examining ones was added to punish the governments when not orchestrating the coherent plans of stabilization to reduce the public cost and to order the payment of the debts with the institutional investors. All the opposite, the dispositions should have centered in increasing the public deficit, clearing the financial shield of the Central Bank to guarantee the employment. The purpose of this work is to give a vision of the economic indicators of the European countries and of the Latin American countries as of the first decade of the present century towards it to demonstrate how the democracy is a regime that responds to the economic incentives granted by the State in favor of the creation of the wealth for the entrepreneurs and the employment for use for the population. The dispute of the profits in the financial markets by the institutional investors investors is affecting setbacks that head the democracy to a deepening of opposite measures to leave out the crisis. Recovery will take a long term.