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BigLogo.gif UN Member States on the Record
Financial crisis to be subject of special GA event
29 October 2008 / 03:25

[Dateline: New York | Author:  iSeek]

GA Web Site Six noted speakers will be at UN Headquarters in New York on Thursday to participate in an Interactive Panel on the Global Financial Crisis convened by the President of the General Assembly, H.E. Mr. Miguel d'Escoto Brockmann.

According to organizers, the aim of the meeting is to give Member States the opportunity to address the issues and interact with a panel of economists and sociologists in order to place the current crisis into a macroeconomic and social context.

Organizers hope the event will be an important step in an ongoing effort to develop proposals regarding the UN’s economic and development agenda and the role that the UN should play in the search for new policy initiatives.

Invited panelists include:  

Joseph Stiglitz: Nobel Memorial Prize in Economic Sciences (2001), Former World Bank Senior Vice President and Chief Economist, and recently-appointed chair of the General Assembly's high-level Task Force of Experts to undertake a comprehensive review of the international financial system and to suggest steps to be taken by Member States to secure a more just and stable global economic order.

François Houtart:  Chief Editor, International Journal of Sociology of Religion - “Social Compass.”

Prabhat Patnaik: Professor of the Centre for Economic Studies and Planning at Jawaharlal Nehru University.

Pedro Páez: Minister, Economic Policy Coordination of Ecuador and Coordinator of the Southern Bank.

Calestous Juma: Professor of the Practice of International Development at Harvard Kennedy School of Government.

Sakiko Fukuda-Parr:  Professor of International Affairs at the New School University.  

Additional biographical details are available on the GA web site.

Panelists have been asked to share their views on the following issues:

The global consequences of the current financial crisis and its impact on the growth and development prospects of developing countries.

Solutions to address the systemic root causes of this crisis, including the establishment of a transparent and accountable global system of policy coordination and fundamental reform of the global financial architecture.

The underlying ethical and social bases for reforming the current international economic governance system, including practical arrangements, decisions, and processes that must be undertaken to justly and democratically implement the needed reforms.

Long-term challenges to sustaining public oversight and accountability over global market processes and what could be the transformation required in international relations between developed and developing countries and the Global South.

Developing country concerns and capabilities in playing an active role in global economic governance.

Possible outcomes of the United Nations’ Review Conference on Financing for Development that may contribute to finding a durable, systemic solution to the present crisis.

Possible actions required, including deep reform of the global financial architecture, and the GA’s role.

The panel will consist of two sessions beginning at 9 a.m. and 3 p.m. on Thursday in the Truesteeship Council Chamber. 

The event will be webcast.

See also:  Food Crisis News Focus