Hoofdeconoom van de UNCTAD: "gehele investeringswereld één gigantisch Ponzi-schema"

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Flassbeck (UNCTAD) weer aan het woord.

It’s the End of the Export-Led Growth Model, Says UNCTAD
16 sep 2010

To the question of how wages can be increased in a global environment where multinational companies pull out of countries and reinvest in others with more docile labour laws and lower wages, the response is that "it depends on a country’s economic policy strategy", declared Dr. Heiner Flassbeck, director of the UNCTAD division for globalisation and development strategies.

"If you believe that a flexible labour market is the best thing in the world, you will not strive to create institutions that could stabilise domestic demand. This has been the paradigm of the last 20 to 30 years and that is why such institutions do not exist."

There is a need for a paradigm shift, Flassbeck said, and UNCTAD, together with the financial institution the International Monetary Fund, should be able to convince governments about the need of establishing tripartite agreements to discuss national strategies. "This is a totally different approach for many countries, in particular for developing ones", he added.

Tripartite agreements involve:

• government
• capital
• trade unions