Trade, Finance, and the Environment in the “center-periphery” Models. Raul Prebish, CEPAL and Today’s World
摘要
This is a chapter in defense of the idea of cooperation. We shall not have lasting, sustainable, and inclusive development without reinforcing significantly the cooperation links among world’s countries, economies, and people. “Cooperation” means a set of non-market relations among international actors. This has always been very clear in the minds of the intellectuals of ECLAC (Economic Commission for Latin America and the Caribbean) to whose traditional ideas, and their modern extensions, this chapter is devoted (also with the help of a simple analytical model). The capitalistic world we live in may be subdivided into a center and a periphery. Peripherical countries will not be able to reach inclusive and sustainable development without: (a) fiscal cooperation with the center (taxing the wealthier and redistributing the income so collected is impossible in absence of international agreements); (b) trade policy cooperation with the center (WTO rules should be redesigned so as to make it possible for peripherical countries to protect their economies); (c) environmental cooperation with the center (environmental protection is a global public good and the richest countries should accept to spend more for its provision). In the chapter, we use a very powerful and simple conceptual scheme proposed by ECLAC to show how tight is the space for social sustainability, environmental sustainability, and financial sustainability to coexist. It is also shown that cooperation, as opposed to pure market relations, is what we need to widen this space and hope for a better future for our daughters and sons.