Tell the global financial architects to pay more attention to the poor

Article Abstract:

Leading industrial countries seeking to establish a new architecture for the world economic system have failed to take into account the needs of the poorest people in the world. It is clear that the world's poorest inhabitants can only be assisted if the emerging market currencies are permitted to float, as countries with pegged currencies run out of foreign reserves too frequently. Emerging market countries should not take short-term loans from international banks, and should not seek assistance from the International Monetary Fund, which has often given advice that has made economic problems worse.

World, Column

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World jitters are set to hit fever pitch

Article Abstract:

There is considerable nervousness on world financial markets, with some observers forecasting another financial crisis. The most serious threat comes from China, which is suffering both cyclical and structural difficulties and is creating negative feeling in the rest of Asia. In Latin America, there are concerns about the economies of Mexico, Brazil and Argentina. Some observers are predicting economic slowdown in the US, which would have international repercussions.

United States, Asia, Latin America

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Dow falls below 10,000 as market gloom deepens

Article Abstract:

Issues concerning the sharp drop in the Dow Jones are discussed. Markets across the world have been negatively affected, and there are concerns that the slowdown in the US and economic weakness in Japan could be spreading to Europe.

Prices and rates, Stock price indexes, Dow Jones Industrial Average

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