The World Development Movement is disappointed that a UN summit set up to discuss ‘profound reform’ of the global economic system has delivered ‘more of the same' because some rich countries rubbished more progressive ideas.
The World Development Movement's policy officer, Vicky Cann said:
"The upshot of this summit is that it has delivered more of the same. But the same isn't good enough. Rich countries including the UK have rubbished some of the progressive ideas put forward by leading experts before this conference, which could genuinely have delivered profound reform of the economic system. As a result, such proposals are nowhere to be seen. This simply demonstrates again rich countries’ determination to maintain the political and economic status quo.
"Most concerning is the summit's faith that free trade will deliver a route out of the crisis, when the evidence shows that free trade and deregulated markets have been one of the most important causes of the current crisis.
"The proposals for reform of the IMF, World Bank and WTO are too weak. These institutions reinforce the elitist, outdated power relations between rich and poor countries and their policy prescriptions over the past twenty years have proved disastrous for...










