Resumo

ROSALES, Antulio. De la crisis asiática a la crisis inmobiliaria: los debates actuales sobre la arquitectura financiera internacional. Prob. Des [online]. 2010, vol.41, n.163, pp.31-51. ISSN 0301-7036.

The neo-liberal globalization process has meant that the propagation of international finances as a mechanism of accumulation no longer helps the real-productive economy, but has become a business in itself. Financialization has raised the risks and vulnerabilities of the world economy, increasingly subject to crises. Meanwhile, the International Financial Achitecture (IFA) is under scrutiny due to its questionable capacity to deal with such crises. This article analyzes the present debates on the reform of the IFA in the context of the financial crises of the last decade. From the Asian crisis at the end of the 20th century to the real estate crisis at the end of first decade of the 21^st century, the G-20 emerges as the principal political forum for putting forward reforms. On the other hand, areas of regional influence are emerging under the leadership of emerging powers.

Palavras-chave : globalization; financial crises; International Financial Architecture; G-20; regionalization.