Appearing some 25 years after the inaugural meeting of the Group of 24, this book relates the efforts made by developing countries in the arena of international monetary issues. A reflection on a quarter-century of both frustration and modest achievement, it deals as well with matters central to the future of global economic relations. The authors have had direct practical experience in international affairs and policymaking. They provide insight regarding the continuing efforts of the G-24 countries to express, coordinate and advance their positions and interests.
Part 1 A Quarter-Century of Experience: The Developing Countries, the Reform of the International System and the Multinational Organization, F. Suarez Davila; The Future of the Group of 24, A.A. Mohammed. Part 2 Two Crucial Problems: Oil Export Revenues and the Ciruclation in the International Financial System, A.S. Ahmed; The Recycling of Petrodollars, F. Garcia Palacios; Lessons from the Recent Financial Crisis in Indonesia, A. Nasution; The Financial Crisis in Korea - From Miracle to Meltdown?, Y.C. Park; The Impact of the Asian Crisis in Latin America, SELA. Part 3 Present and Future Challenges: The Process of Globalization, L.E. Berrizbeitia; Globalization and Development at the End of the 20th Century, A. Solimano; New Capital Flows and Emerging Markets, A. Buira; Dealing with the Volatility of Private Capital Flows, J. Guzman Calafell; The Labour Challenges of Globalization and Economic Integration, V.E. Tokman; The Sustainability of Development, A.E. Calcagno and E. Calcagno; Appendices - Caracas Declarations I and II.