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Obama: Time Has Come For A New World Order

Obama: Time Has Come For A New World Order

http://www.youtube.com/watch?v=3AqxN1jnUXQ

 

Brazil’s Lula Pleads For New World Economic Order

AFP
September 23, 2009

Brazilian President Luiz Inacio Lula da Silva on Wednesday made a strong plea for a new world economic order in the wake of the global financial crisis.

“Because the global economy is interdependent, we are obliged to intervene across national borders and must therefore re-found the World Economic Order,” he said in a speech to the UN General Assembly.

Lula, who is to attend a summit of 20 leading developed and emerging economies hosted by US President Barack Obama in Pittsburgh later this week, reiterated his call for regulation of financial markets and an end to protectionism.

And he insisted anew that multilateral institutions such as the International Monetary Fund and the World Bank must become “more representative and democratic” to deal with complex problems such as overhauling the international monetary system.

“Poor and developing countries must increase their share of control in the IMF and the World Bank,” he said.

Read Full Article Here

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Last Wednesday Brazilian President Luiz Inacio Lula da Silva said,”Poor and developing countries must increase their share of control in the IMF and the World Bank,” he said.

Realistically, some countries in South American will continue to see their economic problems worsen and continually be a drain on the International Monetary Fund and the World Bank until their birthrates of impoverished Citizens are brought under control. Perhaps a world organization should be established to pay poor citizens of certain South American countries financial incentives not to have children between certain ages; that could reduce burgeoning populations of poor that now economically burden some of the poorest nations. Incentives to reduced birthrates should be inclusive in either a re-founding of a World Economic Order or contributing or loaning $billions to certain poor countries for economic development.

Comment by Sue Riley




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