HOW the world economic outlook in the near future? It seems not too encouraging. At least that's what has been described from the World Bank report launched at its headquarters in Washington, DC, on Monday last week. World economic growth in 1998 estimated that only 1.8 percent or one half of the achievements of years ago. Breakdown of this growth was the largest donation came from developing countries, especially Asia. Brazil, Indonesia and Russia are the big three among the 33 countries that contribute to a negative per capita growth. This means quarter of the world's population, on average, poorer than last year. A pretty bleak picture considering last year only one-tenth of world population, who live in 21 countries, the terrible fate like this.
Unfortunately, the main sufferers world economy is more felt by the poor. The monetary crisis that occurred''has shown how not protected the poor in East Asia as a regional economic difficulties, "said Dipak Dasgupta, lead author of the report entitled Global Economic Prospects and the Developing Countries 1998/99: Beyond Financial Crisis almost 200 pages thick .
That's why the World Bank's assistance in recommending special protection for the poor as one of the branches of a dual strategy to overcome the existing economic crisis. Another branch is to restructure the economy, particularly in strengthening the banking sector, through long-term international assistance. Another interesting feature of the World Bank report is terselubungnya criticism of IMF policies in overcoming the crisis, especially in East Asia. High interest rate policy and the elimination of many aid to the poor as a condition to receive IMF loans are considered inappropriate and aggravating circumstances.
0 comments:
Post a Comment