Socio-Economics in Transition Times: A Reflection on Cooperation as a Strategy to Promote Wealth

Jose António Filipe

International Journal of Finance, Insurance and Risk Management, 2011, vol. 1, issue 3, 149

Abstract: The discussion on cooperation in the context of transition in developed countries, in times of crisis is very accurate at the present moment. World has changed and the relative positions have been profoundly modified motivated by the effective changes in the last two decades in the political and strategic measures adopted in international negotiations in the context of the World Order (Disorder!). Developed economies have believed that their abilities would remain for the long term. Qualifications and specialization in developed economies were not enough to guarantee that globalization and markets’ opening would be successful in the long term. Governments have not understood that. In consequence, in many developed countries financial cash problems and an ambience of structural crisis have emerged. The problem may grow if right measures are not implemented correctly and timely. The very recent experience shows that many difficulties may keep a weak economic (and social) development for these countries. Global measures are needed and international cooperation must be effective in order to allow economic strategies to conduct many developed countries to the way of growth. However, the emergent countries will continue in the front line, despite what happens in the near future with structural strategies to be adopted by developed countries.

Keywords: Cooperation; debt; development. (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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