UNCTAD: Global "new deal" could remedy financial crises

02/8/2012 | Guardian (London), The

A report published Tuesday by the UN Conference on Trade and Development advocates reform of the global financial system as the main theme of the upcoming UNCTAD XIII conference in Doha, Qatar. A so-called "global new deal" based on the U.S. response to its Great Depression in the 1930s -- which favored public investments in energy, agriculture and social infrastructure, and strong regulation of financial and labor markets -- could correct practices that lead to the global financial crisis.

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Guardian (London), The

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