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of the Asian crisis in the housing crisis: the ongoing discussions on international financial architecture ICC calls for arrest

Arturo Rosales IADE

neoliberal globalization process has involved the spread of international finance as a mechanism of accumulation and not helping the real economy-productive; as a business in itself. Financialization has high risks and vulnerabilities of the global economy, increasingly subject to crisis. Also, the International Financial Architecture (AFI) is under scrutiny for its questionable capacity to deal with such crisis. This article discusses the current debates on reform of the sharpening in the context of the financial crises of the last decade. In the Asian crisis of the late twentieth century to the housing crisis in late 2000, the G-20 emerged as the main political forum for the advancement of reforms and on the other hand, emerging regional catchment areas under the leadership of emerging powers.

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