Panel highlights need for new global economic order


Date posted: December 10, 2012

ERGIN HAVA, ANTALYA

Taking a break from the heavy atmosphere of political, economic and social issues at home, senior economists and market experts from the Eurasia region arrived in the calm tourism hub of Antalya on Friday, this time to chew on scenarios mainly for a proposed overhaul of the global economic order.

The first Antalya Forum, organized by the Dialogue Eurasia Platform (DAP), opened its doors on Friday in Antalya to bring dozens of leading experts and government officials together for a brainstorming session to discuss ongoing global financial problems along with their repercussions on social life. As the main title of the panel “Rethinking the Global Economic Order” highlights, the opening session saw participants address a long-discussed issue of administrative reforms in international economic and political bodies, something that many of them called an “urgent need.”

Among the statements made in the opening session, Deputy Prime Minister Ali Babacan’s words were maybe the most striking. The minister began his words slamming European and US governments for “losing time with ineffective and short-lived measures.”

Underlining the importance of measures to maintain long-term solutions to ongoing financial troubles in developed markets, Babacan cited the lack of market confidence and political will along with protectionism among other factors that have “delayed solving the problems.” “We have long watched leaders from the US and Europe working to ease problems with a list of reforms. … Few of these measures have proved successful. The US and others no longer have the luxury of neglecting problems at home that pose a threat for world markets,” he asserted. In both developed and developing nations, the lack of sound roadmaps and clear measures for weathering the crisis will not improve the already worsening situation, he added.

Babacan finished speaking in a critical tone, calling on the United Nations, the International Monetary Fund (IMF) and the World Bank (WB) to promote a more equal representation in their administrative bodies. “Otherwise they face the threat of losing their legitimacy in the long run. … The world has changed,” he added. He declined to comment on the “gold for Iranian gas” issue.

Republican People’s Party (CHP) Deputy Chairman Faik Öztırak built on Babacan’s comments, saying that discussions for establishing a new global economic structure will be helpful in solving problems that markets have suffered during and after the 2008 global financial crisis. “It is good that this issue is being discussed more than in the past. … We need to reach a compromise to globally switch to a more human-friendly, environmentally friendly growth model,” he noted.

The Antalya Forum is the continuation of three previous annual summits organized by DAP. The previous meetings were organized under separate titles, and the platform decided to expand its scope with a Davos-like presentation this year. Some 400 participants from 21 countries, including Azerbaijan, China, Russia, the US, Japan and the UK, will present at the forum that runs through Dec. 3.

Among the keynote speakers on the panel, Boğaziçi University’s İbrahim Öztürk said the summit could attain a more global perspective with the same title — Antalya Forum — in the years to follow. “DAP is active in many Eurasian cities, and they can add value to Antalya with this summit. Whether it will be an economic or social-focus summit will be clear in the coming meetings,” he said. Babacan said he expected the forum to become a prominent venue for new ideas to address global economic problems. Öztürk offered a number of important subjects to be discussed at the meeting, including equal distribution of wealth, strengthening the economies of poor countries, measures against child labor and avoiding unfair competition to promote the free market system and switching to a global currency.

Source: Today’s Zaman 30 November 2012


Related News

In new incursion, Turkey orchestrates rushed extraditions from Kosovo

Kosovo is at a crossroads: It can either entrench the rule of law and progress with Euro-Atlantic integration by investigating matters like the recent extradition, the financing of Turkish corporate acquisitions and the operations of TIKA — or it can succumb to Erdogan’s Islamist and anti-Western agenda.

Global peace as a dream to follow

BEGÜM BURAK* Every dream can come true if we have enough courage to follow it. Peace has always been a dream to catch; however, it has always been almost impossible to provide peace and order. Let alone world peace, no single community can fully have peace. From the very beginning of history, the war between […]

Cameroonian Governor Thanked Turkish Nation for the Turkish Schools

ENSAR TUNA ALATÜRK – BURSA Abakar Ahmat, the Governor of Ngaundere state, Republic of Cameroon, paid a visit to Sahabettin Harput, the Governor of Bursa, Turkey. Mr. Ahmat thanked Mr. Harput for the Turkish schools in Cameroon on behalf of the Turkish nation. Governor Ahmat was accompanied during the visit by the Mayor of Ngaundere Hamadou Dawa, […]

Erdoğan government opposes democratic values: detained Turkish journalist

The government of Turkish President Recep Tayyip Erdoğan is falsely accusing anybody that opposes it of treason, a prominent Turkish journalist currently detained in an Istanbul prison

Germany takes Gülenists off watch list, conducts counterespionage against Ankara – report

German police have removed the Gülen movement, which Ankara designates a terrorist organisation, from its ‘dangerous’ and ‘to be followed’ watch list, Sözcü newspaper reported, citing a domestic security report from the  country’s Southwestern state of Baden-Wuerttemberg.

Fetullah Gülen, the preferred enemy – Interview

Hizmet is an Islamic movement with activities in more than 180 countries. To its followers, the gulenists, Gulen — a man with swallow feet and low voice who says he spends most of his time praying and studying — is a democrat in favor of the Turkish democratization.

Latest News

Fethullah Gulen – man of education, peace and dialogue – passes away

Fethullah Gülen’s Condolence Message for South African Human Rights Defender Archbishop Desmond Tutu

Hizmet Movement Declares Core Values with Unified Voice

Ankara systematically tortures supporters of Gülen movement, Kurds, Turkey Tribunal rapporteurs say

Erdogan possessed by Pharaoh, Herod, Hitler spirits?

Devious Use of International Organizations to Persecute Dissidents Abroad: The Erdogan Case

A “Controlled Coup”: Erdogan’s Contribution to the Autocrats’ Playbook

Why is Turkey’s Erdogan persecuting the Gulen movement?

Purge-victim man sent back to prison over Gulen links despite stage 4 cancer diagnosis

In Case You Missed It

Gulen blasts ‘despicable’ 2016 Turkey coup bid, subsequent ‘witch hunt’

Action plan put into operation against Hizmet, indictment reveals

Report: Turkey’s purge risks isolating its higher education from int’l academia

Tension should be reduced

Diplomatic Row over Gulen Influence in Africa

Gulenists dismissed, purged, and tortured: Canadian Immigration Board

Ghana delegation explores business in Turkey

Copyright 2025 Hizmet News