Page 16 - ARUBA TODAY

A16 LOCAL
Wednesday 21 June 2017
Alicia Bárcena Calls for Rethinking Economic Model and New Paradigm

-ECLAC’s Executive Sec- equivalent to that of hu-
retary participated in a manity’s poorer half and,
high-level event in the among these billionaires,
framework of the Interna- 6 are linked to Information
tional Economic Associa- and Communication Tech-
tion’s World Congress, held nology (ICT) industries.
in Mexico City. She said that macroeco-
nomic management and
MEXICO CITY - The Ex- industrial, innovation- and
ecutive Secretary of the technology-related poli-
Economic Commission cies are crucial for resolv-
for Latin America and the ing social problems, and
Caribbean (ECLAC), Alicia warned that the heteroge-
Bárcena, called today for neity of productive struc-
rethinking the economic tures among countries is
model and implementing accentuated due to the
a new paradigm that con- current technological rev-
tributes to putting an end olution of the digital econ-
to economic, social and omy.
environmental inequalities Furthermore, she sustained
and moving toward sus- that globalization is increas-
tainable development. ingly being questioned,
The senior United Nations Executive Secretary of ECLAC, Alicia Bárcena. mainly in developed coun-
official participated in the panel on “Rethinking glob- trial policy and a serious wealth than the rest of the tries, which has provoked
high-level event entitled al finance – The perspec- policy for productive diver- world. an increase in nationalism,
“Fractures in globalization tives of emerging econ- sification aimed at greater “Meanwhile, the wealth of opposition to new trade
and their implications for omies,” Alicia Bárcena growth and development. the lower half of human- agreements, resistance to
emerging economies,” affirmed that “capitalism In her analysis, ECLAC’s top ity has fallen in the last six immigration and the emer-
held in Mexico City in the and hyper-globalization representative called for years. gence of anti-globalization
framework of the eigh- have led us to social, po- forging a new social com- This is just the latest evi- movements.
teenth World Congress of litical and environmental pact that manages to halt dence showing that today In light of this scenario, in-
the International Econom- problems that are not sus- the growing gap between we live in a world with in- ternational cooperation is
ic Association (IEA), orga- tainable, which means we rich and poor. She recalled equality levels that per- the key for making prog-
nized jointly with the Mexi- must reimagine ourselves that this gap is reaching haps have not been seen ress on the regulation of
can Center for Research as a society in terms of con- new extremes, citing Credit in more than a century,” markets, administering ten-
and Teaching of Econom- sumption and production.” Suisse figures that recently Alicia Bárcena warned lis- sions, reducing inequali-
ics (CIDE). She specified that Latin revealed that the richest teners. ties and consolidating an
While speaking on the first America needs an indus- 1% has accumulated more She added that, accord- open international system
ing to Forbes, 8 individu- that protects public goods
als alone concentrate an and shared and inclusive
amount of wealth that is prosperity. q