17 Ocak 2013 Perşembe

Top priority of the world: Food and job




The global economic system has been trying to weather the crisis. Because of dynamics of economy does not act effectively in some economies of the world.

In the world, some nations’ economic activities have not achieved a stable position regarding unresolved basic global problems.

When we look at some examples for this, one of nations is Syria. There are no economical activities with regard to political uprising that has been persisting for some two years.   

Another drastic example for economic and social collapsing is Afghanistan. This country is suffering from strife and terror for over 30 years.

Another painful example has been persisting in Iraq for over 20 years, since the first Iraq war that was started with regard to the invasion of Kuwait by Iraqi army and then Iraq war II, since then this country cannot be able to hold an order.

As known, in the region, Palestine is the most striking example and bleeding sore that has been in the war condition over 60 years and struggling to win an independent state statute even though the UN has approved.

Some countries in both Africa and Asia continents suffer from destabilization and strife.

In addition, some parts of the world are punctuated by the natural disaster from time to time, so the global economic situation has been volatile.

Thus the political uprising, strife and wars and natural disasters in the world have blockaded the achievement in economic activities of nations...

There is also a global change in the world that has being experienced for over two decades.

The last two decades of the 20th century were staged outstanding events. Thanks to advanced communication technologies and transparency, iron curtain countries were divided into many countries.

Winds of restructuring have been maintaining its effect. Thereby change across the world has gotten acceleration in terms of politic, economic and social.

As if this global change has seemingly turned into a global economic crisis.

Since the great depression which appeared in 2008, the global economic crisis cannot be overwhelmed, thereby full of recovery cannot be achieved.

Following collapsing of iron curtain, the European Union has launched an expansion campaign.

Majority of those countries entered the EU.

So some analysts comment that the euro area crisis finds its roots in the credit booms seen in many countries following the introduction of the euro in 1999.

The economy experts also comment the major developed economies related to problems left unresolved in the aftermath of the Great Recession of 2008-2009.

During last 5 years the leading advanced economies of the world could not be able to get rid of the crisis completely.

The principal problems in many economies of the global world, which are struggling, are unemployment that remains high, as well as fiscal problems, carrying out austerity measures, spending cuts or tax hikes.

In addition, there are also sovereign debt distress, fragile banking sectors and weak aggregate demand.

Without growth, the future of the global economy is regarded in jeopardy.

As for how to overwhelm the crisis and restore growth, the things must be done are listed like this; completing reform of the financial sector; and addressing inequality and building inclusive growth in order to generate jobs and food for the millions of unemployed.

The euro zone and United States are regarded the foremost fragile economies because of fiscal cliff. Even if solutions can be found to the crises in the Middle East and Europe, economic growth is expected to stagnate and then gradually return with some further strengthening in 2014.

In conclusion, currently the global economy seems to get full recovery in 2015, according to the interpretations.