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Nice day. My name is Oscar Fabian Calero Montaño.
I'm from Colombia and this is my video for the contest of youths of the OECD,
by means of which intends the gestation of a new economic model
that will allow the construction of a more inclusive world.
My proposal is based on the worst world economic crisis,
the great depression of 1930; because due to this monetary recession,
Governments abandoned the Liberal State, the economic assumptions of Adam Smith and the theory of the "Invisible hand",
giving rise to the creation of the model of current Government called the Social State of law.
The new type of Government, emerged to prevent the formation of new crises
crises through a specific Faculty: "the intervention in economic relations";
however, some countries are currently in monetary difficulties that, on this occasion,
not can be solved only with the inclusion of a new Marshall Plan as it did in 1947;
so it becomes necessary the planning of a new strategy that mitigates the current problem
and which can also avoid situations similar to long term.
Based on various studies carried out in a personal and autonomous way,
I want to say that the origin of the crisis has any relationship with the Great Depression,
because the State still does not intervene in certain aspects that still currently being self-regulating;
among them are: the value of currencies and stocks, inflation and deflation; free competition; among others.
Therefore, my proposal promotes two actions:
1. Repeal or annul definitively the liberal economic theories of the State interests;
2. That the State increases the actions and areas of intervention in the globalization on the needs of its territory.
This was my exposure, thank you very much.