Rhodes (Greece) / Vienna (Austria), 13 October 2011
On 9 October 2011, the
Department of Economic and Social Affairs of the United
Nations (DESA) has launched the print edition of the World Economic
and Social Survey 2011. The book presentation was held on
the occasion of the Annual Meeting of the World Public Forum
"Dialogue of Civilizations" (WPF-DC) in Rhodes, Greece. In his keynote speech "Are Current Mechanisms
of Globalization in Conflict with Sustainable Development?," Mr. Manuel F. Montes, Chief of the
Development Strategy and Policy Analysis Unit (DESA), provided a
comprehensive critique of the global economic system.
The book launching and debate were part of the session on "The Dialogue Model of
International Relations" under the chairmanship of Prof. Hans
Koechler, President of the International Progress Organization
and member of the International Co-ordinating Committee of the
In his presentation, Mr. Montes referred to the
dominant economic system as "main driver of environmental
destruction" and said that globalization has maintained a "two-track
world," with increasing inequality not only at the international,
but also at the domestic level.
He explained that, under the conditions of
globalization, the capital flows from the developing to the
industrialized countries have further increased.
In Mr. Montes' analysis, the ever
growing imbalance is one of the global effects of economic
liberalization. He said that the rise of the financial
versus the real sector has made the international system
extremely unstable, and called for a stronger role of the state. In
his view, the finance-dominated global régime has led to a
socio-economic constellation that is not sustainable.
Commenting on the World Economic and Social
Survey and on the role of the United Nations in addressing the
global challenges, Prof. Koechler said that time has come for the UN
to revisit the principles affirmed by the member states of the
General Assembly in their 1974 Declaration on the establishment of a
"New International Economic Order." He explained that meaningful
dialogue at the political, religious and cultural levels is to be
based on mutual respect and the recognition of equal rights, which,
in turn, requires a just and balanced system of economic exchange.