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Wednesday, May 11, 2011

Latin America must trace its own path out of crisis, Fernandez says

SANTO DOMINGO.- President Leonel Fernandez yesterday said he regrets that since the two years when the global economic crisis began, the formulas to solve it have yet to be found, for which he suggests that Latin America adopt a regional position to surpass it.

He also proposed fusing the neoliberal and neopopulist economic currents, to look for a third option as a viable solution to the crisis. "It’s there, where we were at the moment, how to look for the solution, overcoming neoliberalism and neopopulism, and perhaps the answer is to integrate the two, in linking State with market, that’s the other great polemic."

Fernandez, speaking in the 2nd Santo Domingo International Forum "Dialogue on Democracy, Development, Social Cohesion and Security in Latin America,” stressed that the market must exist wherever interchanges between humans take place and Latin America’s problem is that "we have fiscally weak states."

"There cannot be wellbeing and prosperity for the people when there are poor states. It’s a fact that there’s still no awareness in Latin America on having a fiscally strong state that can provide responses to the population’s problems," Fernandez said in the event, held in the Global Foundation Democracy and Development (Funglode).

Source: www.dominicantoday.com

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