Contribution to a Holistic Response to the International Financial and Economic Crisis

N

5

Crisis Management; Global Approach; Economic Climate; Financial Problems; Fiscal Capacity; Economic Factors; Holistic Approach; Futures (of Society); Social Change; Scientific and Technical Information

The response to the ongoing international crisis is a holistic response due to the multiple effects impacting on the various segments of societies around the world. Since 1945, the world has to perform again, a new leap in terms of development process based on the pressing need for socio-economic reconstruction. The level of globalisation and interdependency generates a focus on a renewed vision of International Development, building on the lessons of more than six decades of international financial system and economic and social policies. Countries are revisiting the foundations of their development policies and financial and economic cooperation. Both transformation and regulation of systems are on the agenda, at different stages, in various forms and modalities. The concept of systemic transformation & regulation needs priority attention in addressing the crisis. The new Global Governance advocated at the international level, has to factor in the approach and integrate the need for a new type of leadership education, a need for a comprehensive education related to the two-pronged approach to Development combining Education and Culture. In the process of overcoming the crisis, Science and Technology will stand as a major drive for innovations, efficiency and effectiveness. (Contains 1 footnote.)

As Provided

24

2009

ED504467