The missing dimension : how European financial reforms ignore developing countries and sustainability
Document type: report
Download file(s):
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Abstract:
The financial crisis that erupted in Europe in autumn 2008 resulted in an economic crisis that also severely affected many developing countries as documented in many reports. This report has selected a series of new financial laws on which the EU has decided or will decide on, made on the basis of the perceived importance for developing countries and sustainable development. It assesses those EU financial reforms and makes recommendations on how they should be improved to integrate the interests of developing countries as well as sustainability. The report Fixing Global Finance by Indian expert Kavaljit Singh was used as a background document. The impact of the selected EU financial reforms was first discussed during a SOMO expert meeting (26 May 2010). The resulting draft discussion paper has been circulated since November 2010 and was updated for this report. This report is part of a project that aims to ensure that the interests of developing countries as well as sustainable development are taken into account when the EU decides on its series of financial sector reforms. Partner organisations in the project are: AITEC (Fr), Glopolis (Czech Republic), New Economic Foundation (UK), SOMO (NL), Vedegylet (Hungary) and WEED (Germ). Colleagues from these organisations have provided comments on the draft discussion paper and will participate in activities as follow up of this report.
Authors:
Vander Stichele, M.
Category:
Research
ISBN:
978-90-71284-85-4
Keywords:
economic development
,
finance
,
international cooperation
Language:
eng
Organization:
SOMO - Centre for Research on Multinational Corporations
PAGE:
44
Place:
Amsterdam
Publisher:
SOMO
Year:
2011
Region:
Europe
Right:
© 2011 SOMO. This document is licensed under the Creative Commons Attribution-NonCommercial-NoDerivateWorks 2.5 License.
Subject:
Economic Development and Trade
Title:
The missing dimension : how European financial reforms ignore developing countries and sustainability