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Economic Crisis

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Uploaded by on Apr 1, 2009

The current global economic crisis, which began with the severe strains on the financial and banking system in parts of the developed world, now risks triggering a human development catastrophe in the worlds poorest countries. As the leaders of the richest nations set off to London for the G-20 summit, this Thursday, the United Nations Development Programme (UNDP) warns that those most vulnerable to the crisis are living outside the spotlight and their predicament should be addressed at the table.

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  • Bhutto when took over as the Prime Minister his team of economists gave him a rough estimate about the industrial production, & income which wasnt found in Pakistani banks. Bhutto in a public speech addressed the industrial class & ordered them to bring back the money they had illegally moved out. About 25% amount returned but Bhutto wasnt satisfied. A constitutionally authoritative public account committee needs to do this job and take Pakistan out of the financial crisis it is in since 1947.

  • money is not important for many years the world can deal with trade until what ever value that can be agreed on twenty chickens for a young cow etc

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