Progressive politics after the financial crisis
Posted by progressivegovernance09 on March 27, 2009
Eduardo Frei Ruiz-Tagle, Senator and Former President of Chile
(live notes, not verbatim)
proud of the Chilean response to crisis by Bachelet government
the state will have a role in absorbing impact on people and families – in time of crisis countries with fragile social security mechanisms will come under strain requiring extra measures
must prevent protectionism, economic nationalism – must not make trade scapegoat of crisis – trade is vital. Cannot make international order more unequal as a result of crisis.
Emerging economies must have a role in the global financial governance systems – with power to vote and express an opinion. Emerging economies have a role now that they did not do in previous crises