Reported by: Emon CRWE Newswire Middle East correspondent.

As a result of the global financial crisis more than 30 million people worldwide have found themselves without work. This conclusion was made by experts of the International Monetary Fund (IMF) and International Labour Organization (ILO).

A joint report of the different organization including Voice of America stated that the total number of unemployed worldwide reached 210 million.

According to the IMF and the ILO, the crisis is particularly painful for countries with developed economies, and unemployment there remains high. But the crisis of 2007-2009, also affected the developing countries, increasing the number of people living below the poverty line. (which varies with each country)

The document’s authors urge all governments to continue efforts to increase domestic demand by stimulating their economies, and mitigate the damage caused by increasing unemployment benefits and programs on employment.

Unemployment among young people in the world reached record levels.
One of the side effects of unemployment is an increase in the rate and level of crime.

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

Reported By: Soha CRWE Newswire Middle East correspondent

China is the most populated country in the world and third largest country in terms of area. As far as the economic statistics are concerned, currently it surpassed Japan to become the second largest economy of the world.

Statistically speaking, approximately three decades ago the Chinese economy was not considered as a leading economy of the world. Some structural reforms introduced by the Chinese government in 1978 brought China into the race for the world leading economy.

Before 1978 all means of production were state owned, a different strategy was introduced by the Chinese government in the form of economic reforms. These economic reforms mainly included efforts to form rural and private enterprises, liberalized foreign trade and investment and educating the general work force.

From 1953 to 1978 the main emphasis by the Chinese government was laid upon urban industrial enterprises and restrictions were imposed on movement from rural to urban areas where as the same policy was reversed and the growth of rural enterprises was encouraged. As a result of this effort China has successfully moved millions of workers from farms to factories without creating an urban crisis. Foreign investments greatly increased by adopting an open door policy, which also increased the job opportunities in the country and linked China with international markets.

The annual average growth rate prior to the reforms was 6 percent with the some minor ups and downs, whereas after 1978 the growth rate moved up to 9 percent and during peak years it even grew more that 13 percent.

An IMF research team has successfully examined the country’s economic boom and concluded that the improved efficiency of the work force is the major factor behind all this success. This negates the traditional view according to which the major force behind a successful policy reform should be capital investment.

Chinese economy proved that although capital investment is very important towards economic growth but it becomes even more potent when accompanied by economic reforms that enhance the labor force productivity.

According to Albert Keidel, a specialist in development economist in East Asia, the Chinese economic size will be exactly equal to that of United States in 2035 and will be doubled in 2050. Therefore it is safe to conclude that China’s continued economic success will eventually bring an end to United States` global economic dominance in the near future.

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The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations.

Reported By: Soha crew newswire Middle East correspondent

The International Monetary Fund has offered to help manage Pakistan flood-ravaged economy. The floods have paralyzed the government which is already fighting a war on terror.

The IMF spokesman said in Washington that the floods would cause a `major harm to the economy`. He also said `the IMF Managing Director Dominique Strauss-Khan had told Pakistan President Asif Ali Zardari that the Fund stands ready to discuss how to help Pakistan manage the economic impact of the floods`.

The Finance Ministry of Pakistan has declared categorically on Tuesday that it was too early to say anything about the estimates of the damages to the various sectors of the economy.

Sources privy to the developments have also said that the Ministry was not yet ready to make a formal request to the IMF as future forecast about further rain and floods was not allowing them to do so.

The government of Pakistan has so far been asking for the relief and rescue aid so far and is trying to measure the actual economic loss caused by the worst ever floods in Pakistan’s memory.

The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

Reported by: Emon crwenewswire Mideast correspondent.

In 2010 the gross domestic product (GDP) of Brazil is growing, this past quarter it was up 7.1 percent, said the International Monetary fund (IMF)

It was the third consecutive rise this year.

Brazil’s economic policy, which features fiscal policy, exchange rate flexibility and feasible inflation rate targets, contributed to the fact that its economy has recovered from the crisis faster than many other developing countries. perhaps that’s why the people of Brazil’s expectation indicator went up 1.8 percent to 116.8 points in July, the second highest in their history, the national Confederation of Industry (CNI) said. Consumers’ expectations on five aspects went up; while expectation on expensive goods consumption decreased.

The indicator reflects people’s expectation on six aspects including inflation rate, unemployment, personal income, household debt, expensive goods consumption and general financial situation.

The indicator was drawn from a survey conducted July 23-27 among 2,002 Brazilian customers. Statistics indicated that consumers are generally optimistic if the figure surpasses 100. It did!

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations.

By Mike Zaman

Harvard professor Niall Ferguson postures that the U.S. government bond market is about to collapse, and he is not alone, most economist believe that the large and continuing deficits will ultimately collapse the US ability to salvage the economy through debt financing.

Currently the US government is benefitting from the global deficits that have drawn attention away from the dollars ultimate finish. However as each of the states, Portugal, Spain, Italy, and Greece are being aided by the IMF and the new EU central bank, the question remaining is how long the world can continue with currencies that lack intrinsic value. They are acerbating an already serious problem.

Paper itself has no real value as a currency. yet the IMF and the worlds banking system use paper as their money and even a national currency, and the balance of payments is based on the amount of paper in circulation, but if we all print paper and call it money, we are inflating the prices of all goods and services. To that end the US dollar has already begun its journey into the valley of death through devaluation.
Governments today are using a ratio of debts to GDP; this ratio purports to claim that the GDP determines the countries ability to service its debt load, how about a debt free currency? Like the US Notes!

The entire world monetary system must of itself finally seek its own level of incompetence. We are witnessing this even now as investors seek the sanctuary of gold. However just as paper currencies are controlled by Banks, so to is gold!

For now the markets remain an illusion, pitting one inflated currency against another, and as each continues to inflate there is an appearance, though an illusionary one that the economies are stabilizing, don’t be fooled, there is no stabilization going on, and the GDP is not really showing signs of advancing.

Taking inflation out of the picture, we are in worse shape today then we were two years ago when the financial market actually collapsed.

Statistics can be made to show any end result, with this in mind the US takes the true inflation meters out of the equation, food, and energy costs. Adding these back as they should be the result could demonstrate a public panic.

The monetary policy of the EU countries and the US which allows the central bank to control their destiny’s are in for a rude awakening.

Watch for the day our debt interest payments begin to eclipse defense payments, even while there is no spike in Treasury yields. This is the signal of the beginning of the end for the dollar.

Sadly this administration and in fact the large majority of the US public know no other way then borrow from the FED.
Lincoln and Kennedy knew a better way.

The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.