The Economist has attributed the term "deglobalisation" to Walden Bello. Whilst the magazine considers the term a negative one, Bello argues that it is fast becoming a reality and offers a paradigm for escaping the neoliberal straitjacket.
The triumph of liberal ideas turned Eastern Europe into an intellectual desert where only ethnic nationalism weeds sometimes flourished. The positive influence of the economic crisis upon the society is that the crisis makes people think and be open to other ideas.
The more the authorities refuse to change the system, preferring stop-gap measures, the more they will be caught in a downward spiral and the more they will lose control of their policies — and the economy as well.
UN conference was convened to find new ways of dealing with the global financial and economic crises and give voice to those most affected by them. But the rich countries have opposed any real change, and the result is an anemic UN document.
Civil society groups and global social movements gathering at the UN summit on the global economic crisis have denounced rich industrialized countries’ insistence on pushing forward unbalanced trade talks, misnamed “free trade”, as likely to exacerbate an already serious economic and social crisis.
Some Key Points for Member Groups of the Our World Is Not For Sale Network [OWINFS] at the United Nations Conference on the World Financial and Economic Crisis and its Impact on Development, June 22-24, 2009.