Friday, September 25, 2009


President Bharrat Jagdeo yesterday sounded a clarion call to the developed world to ‘live up to their moral obligation’ of helping to solve the global economic and financial crisis, especially as it relates to the devastating effects and lasting damage exacted on the smallest and most vulnerable economies of the world.
President Jagdeo, who diverted from his prepared speech during a short, ‘direct-to-the-point’ address yesterday to the 64th UN General Assembly in New York, decided to centre his well-received presentation on two crucial issues - the financial crisis and its impact on small vulnerable world economies saddled with facing the brunt of a burden largely created in the first place by the developed world who are not “owning up”; and the ever crucial ‘global front-burner issue’ of climate change.
Noting that the theme selected for this year's General Assembly debate focuses attention on the need for more effectiveness in responses to global crises, President Jagdeo said this emphasis could not be more appropriate, or timely.
“Recent history is replete with examples of global crises that have been faced, and apparently overcome, only to be repeated with greater severity. This sequence, which has repeated itself time after time, leads to an inevitable conclusion that the lessons of earlier crises were not heeded and that the responses were not sustainable,” he said.
Nowhere, he said, is this more evident than in the global economy, which has catapulted from one calamity to another in recent years, each more severe and pervasive than the previous.
And each of them has successively disclosed new vulnerabilities in the global financial architecture, and in the development model that has been advocated by the major capitals to the developing world through the orthodoxies of the international financial institutions, Mr. Jagdeo declared.

1 comment:

  1. By so doing President Jagdeo has continued to echo the call of the late Dr. Jagan whose New Global Human Order was premised on the very things mentioned above.
    The New Global Human Order called for the gap to be reversed between rich and poor countries. The divisions between the rich and poor in industrialized societies in the north and in the developing and underprivileged south societies, as well shortening distance in attainment between the north and the south have which have been widening considerably since the early 1980’s