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Tunisia and Egypt, is expand the revolution and what economic cost will be for the West?

March 17, 2011 by Forex Market

Gonzalo Perez-Seoane, President WM

The emerging social revolutions in Tunisia and Egypt are a serious setback for the West in important respects well-known as the close relationship with the West Bank, the concentration of oil production and the role of the Suez Canal as fast and secure way transcontinental trade. But transcend beyond its origin the social revolution begun in these countries now?.

What is happening in Tunisia and Egypt, I am of the opinion, is the seed, that the spirit of the French Revolution, is called to spread. If so, or simply as a precaution against the possibility of this occurring, the Western world can not and should stay away from the process as intrinsic and extrinsic risks are and will be very high. (The world should not strike twice in the terrible fallacy socialist or communist).

So the first consideration that must be asked is political in nature and on the “international rhetoric bends” current U.S. and other powers. The political rhetoric bent, so evident today, maybe it has its days numbered. True, USA, for their own benefit and the benefit of world peace has remained archaic regimes where geo-politically and geo-economically has agreed, though, and as has shown the civilian population of Tunisia and Egypt, invoice has been paid by local people themselves have been perpetuated over time undemocratic political structures and economic injustice. But this double rhetoric is exhausted, and Western politicians who practice it will be easy prey electoral publicly caught in double play.

The second consideration is economic. The social revolution that has begun Tunisia and Egypt, is to wave a broader and deeper problem, the global economic desconvergencia. Item not new, and cystic, and that is undoubtedly the most serious black hole in the neoclassical economic paradigm and the capitalist system. Not less than half the world’s population survives on a tiny poor per capita income relative. But today the city is a “global citizen” who share, judge and aspires to the same and identical degrees of freedom, dignity and development and welfare than any other resident of the planet. This convergence in aspirations and fundamental human rights is and will be unstoppable, and will force the change is evident throughout unfair economic situation there. The social revolution of Tunisia and Egypt has opened a vast new global challenge: to bring real social justice and economic development to the remotest corners of the globe. It is not “inclusion” that poor countries need the world, as concluded in an elegant way the recent World Economic Forum. The solution is simple and old and is known by the words “liberty and equality (of opportunities)” and / or economic terms, “convergence.”

But for the world economy converges or function in terms of healthy competitive balance and achieve a fair balance and development for the benefit of all, the World Financial System, with or without crisis, should be reformed as part of it comes to respectable macroeconomic imbalance for over a hundred years grieving and distorts the global economic system for the benefit of some and the detriment of others, finally taking shape in the lack of savings, investment (human and technological development) of many nations and ultimately the increasing and cumulative loss of relative economic growth or global economic inconvergencia.

The fuse for greater world stability, social and economic, has jumped and although, no doubt, these are serious events diffusers international uncertainty, along with it, it is certain that a new hope now shines in the life of millions and millions of people.

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Filed Under: World economy news

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