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WORLD FINANCIAL AND ECONOMIC CRISIS - MEASURES TO OVERCOME -. (English)
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- Source:Proceedings of the Faculty of Economics in East Sarajevo / Zbornik Radova Ekonomskog Fakulteta u Istočnom Sarajevu; 2009, Issue 3, p115-131, 17p
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- Abstract: The world financial and economic crisis that has shaken the global world, countries, financial and monetary institutions and transnational corporations, is primarily the consequence of building up of the neoliberalism-based new world - global - system, of which the main characteristics are, on one hand: the world is becoming increasingly richer, the consumption today in one decade is greater than it used to be in the whole century before, the global wealth increased about six times in the last half of the 20th century, the production of food increased by 25%, etc. and on the other hand: the effects of global economy are very unequally distributed, the gap between the rich and the poor is constantly increasing making the rich become richer and the poor poorer. Although the policy and action of the leading countries of the world, global institutions and global financial and monetary institutions and transnational corporations advocate the fairer world and solving the problems of poverty they are in the function of further enriching the rich. And new decisions of the G20 group, the conclusions of the UN conference on world financial and economic crisis and its impact on the development and the conclusions from a recently held meeting of G8 group in relation to the world financial and economic crisis do not indicate a change of course when talking about a trend of enriching the rich and impoverishment of the poor. In other words, the measures agreed and undertaken so far do not indicate they are in function of solving the crisis. [ABSTRACT FROM AUTHOR]
- Abstract: Copyright of Proceedings of the Faculty of Economics in East Sarajevo / Zbornik Radova Ekonomskog Fakulteta u Istočnom Sarajevu is the property of University of East Sarajevo and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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