Tuesday, April 21, 2009
respond to an article
How to Fix the Global Economy?
The New York Times 2008
THE International Monetary Fund meeting in Singapore last month came at a time of increasing worry about the sustainability of global financial imbalances and how to fix the economy.
Well there are loads to cover about the economy crisis and how we got in to it. I was going through the archives section of The NYTimes and found this article on how to fix the global economy or what is the ultimate remedy of the financial crisis globally? In my opinion as an ordinary citizen is that the governments in every countries should have direct control over the financial sectors in countries. Production sectors like agriculture should be given more priorities. The education systems in the countries should be reviewed in the light of current financial crisis. The financial interest of common man should be given more priorities than the rich minorities. The major banks in the countries should be under the direct control of each governments. Public sectors should be given some sort of importance in the beam of current financial crisis. More lands to be cultivated rather than more constructions. And last but not least, Inflation should be checked and the meanings of globalization and privatization should be re-written.