By Edmund Conway, Economics Editor

In a radical report, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital
rules which binds the world economy is not working properly, and was largely responsible for the financial and economic crises.
It added that the present system, under which the dollar acts as the world's reserve currency , should be subject to a wholesale reconsideration.
Although a number of countries, including China and Russia, have suggested replacing the dollar as the world's reserve currency,
the UNCTAD report is the first time a major multinational institution has posited such a
suggestion.
In essence, the report calls for a new Bretton Woods-style system of managed international exchange rates, meaning
central banks would be forced to intervene and either support or push down their currencies depending on how the rest of the world economy is behaving.
The proposals would also imply that surplus nations such as China and Germany should stimulate their economies further in
order to cut their own imbalances, rather than, as in the present system, deficit nations such as the UK and US having to take the main burden of readjustment.
"Replacing the dollar with an artificial currency would solve some of the problems related to the potential of countries
running large deficits and would help stability," said Detlef Kotte, one of the report's authors. "But you will also need a system of managed exchange rates. Countries should keep real exchange
rates [adjusted for inflation] stable. Central banks would have to intervene and if not they would have to be told to do so by a multilateral institution such as the International Monetary
Fund."
The proposals, included in UNCTAD's annual Trade and Development Report , amount to the most radical suggestions for redesigning the
global monetary system.
Although many economists have pointed out that the economiccrisis owed more to the malfunctioning of the post-Bretton Woods system, until now no major institution, including the G20 , has come up with an alternative.
Agent orange, la guerre sans fin - Comment l'or empoisonne la guyane -L'avenir de la nourriture: les ogm ? (the future of food, vf) - Trois vidéos sur les dangers des OGM - Mondialisation: la mafia de l'eau - White phosphorus - the hidden massacre - fallujah iraq - Mondialisation de la pauvreté: les producteurs de café - Sweashops, children labor: boycott nike, wal-mart… - L'amazonie brésilienne dévastée par la culture du soja (transgénique) - Biocarburants et déforestation, chronique d'un désastre annoncé - Titanic apicole ) - La disparition des abeilles, la fin d'un mystère - Le silence des nanos - Vaccins: dangers ! ("silence, on vaccine", documentaire) - Cia Guerres secrètes /CIA Secret Wars - Les essais nucléaires en polynésie - Afrique 50, rare film anti-colonialiste d'époque par rené vautier - Palestine: histoire d'une terre 1880-1991 - Le silence des nanos - Amazon crude on CBS - Mind control: America's secret war - Inversion des pôles - la terre, cet aimant géant - Simplicité volontaire et décroissance - Hiroshima - blessures atomiques - Il y a 25 ans, la catastrophe de Bhopal - The bhopal chemical disaster - “les blés d’or”, documentaire sur la biodiversité végétale - Un portrait du président Hugo Chavez - Rainforests - forêts primaires - Amazon rainforest wildlife destroyed by deforestation - "Big Brother, big business" - Henry Kissinger's trials - Child slaves of India - The true story of the philadelphia experiment-La dictature mondiale des cartels (vostf) - Commerce "équitable": le beurre et l'argent du beurre - Surpêche - Comment la cia prépare les révolutions colorées - A qui profite la cocaïne ? - Uncovered: the whole truth about the iraq war - L'eau: l'or bleu - 1914-1918 la première guerre moderne - Les agents de la propagande néo-conservatrice en france - Gmo: life running out of control - The monsanto story (from agent orange to gmo's) - Iraq: l'amerique traumatisee par la guerre - Les lobbys pharmaceutiques - Les enfants de la surconsommation - L'eugénisme: de darwin aux nazis, en passant par les USA- Niger : la bataille de l'uranium - La terre parle arabe, film sur la colonisation sioniste - Unseen gaza -- Palestine story - la voix des sans voix -Fast food nation - Et des dizaines d'autres documentaires répartis dans les différentes catégories. Dozens of documentaries...
Film le
plus vu: Le meilleur des mondes
Films documentaires politiques/Political documentaries films and essay films The obama deception d'alex jones en français (vostf)- Usa: de la liberté au fascisme -vostf - Elf, la pompe afrique de nicolas lambert - "Après l'hégémonie", un film de béatrice pignède -Terrorstorm deluxe high quality by alex jones - The oil factor: behind the war on terror - Les damnés du kosovo film de michel collon
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