Números Publicados

The financial crisis, along with their contagion, which have taken place repeatedly in the last two decades, rank among the negative aspects implied by the globalization process. The article deals with their origin, the difficulties involved in their prevention, the general guidelines followed to manage them and the menace that they mean to the International financial system.

The article has three main tenets, which arise from the East Asian experience in 1997-99: (1) globalization should be managed more adequately in order to reduce its negative effects on developing countries; (2) Latin America should undertake, with the aim of avoiding its vulnerability to new financial crises, important reforms (on issues such as exchange rates, capital inflows, foreign debt, bank credit, investment efficiency and financial liberalization); and (3) integration in Latin America

The main objective of this article is projected on the analysis of the material wealth as main motivation of the economic behavior. It is tried to show how the human being motivation is an important factor in the origin of the most serious problems of the world economy. The recovery of the economic ethics in the current globalization process is proposed as a solution way at long term.