A more just international order

Jeffrey Sachs, a prestigious professor of international economics at Harvard has served, through his knowledge and experience, a more just international economic order because the present one follows the “survival of the fittest” law and is controlled by the International Monetary Fund and the World Bank. The dangerous injustices it creates are more difficult to control each day.
Sachs proposes a new world map that overcomes the division between capitalists and communists, and the one between developing and developed countries. Which development if the First World maintains its levels of consumption thanks to the exploitation of raw materials from impoverished countries of the sociological South, which would need the existence of an impossible Fifth World in order to exploit it and thus reach the levels that the Bretton Woods institutions demand from them?
The smallest portion of Humanity, a 15 percent of the world’s total population – about 1 billion people – controls almost all of the new technology. A second portion of 3 billion people does not innovate technology, but it makes use of it to produce what it consumes and to produce products that others need. Finally, about 2 billion people cannot make use of the world’s technological conquests.
Professor Sachs has developed some proposals so that, in our young 21st Century, innovation does not become the heritage of the 15 percent of a humanity that is globally interrelated. Those benefits should rather reach everyone.
He acknowledged the progress undergone by African countries and used it as an example of hope for those who are still needed in order to insert the continent in the global economy. However, he lamented the lack of opportunities that the global financial sector has lent to Africa in the form of long-lasting investments because, if Africans must only count on its strength, the task will be more complicated and will have risks that are impossible to imagine.

José Carlos Gª Fajardo
Translated by Carlos Miguélez

This article was published in the Center of Collaborations for Solidarity (CCS) on 12/09/2004