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Agricultural Globalization in Developing Countries

Rules, Rationales and Results

Mr M. Rao presented this seminar on 9 November 2002, focusing on the importance of a gradual and measured integration of Syria and other developing countries into the world market. In fact, as confirmed by economic data, a policy of unrestricted openness threats both economic stability and economic development. With regard to privatization he highlighted the fact that the existence of a market and of private enterprises, by itself does not guarantee efficiency, high quality and transparency. Indeed, private ownership without control can easily lead to corruption and lack of accountability. Accordingly, Mr Rao concluded by stressing that, as the world market is not self-regulating, a fundamental and complex problem of global governance is becoming increasingly evident.

 

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Last update: 24.05.2004