Economist Explain The Orgin Reason Of Financial Crises

That was the conclusion of the United Nations and government officials from over

30 nations began meeting on Tuesday 08 November in the Uruguayan capital for the fourth high-level intergovernmental conference Delivering as One: making the system UN more coherent, effective and efficient, a program that was launched in 2007.

"There are big challenges out there, and we have seen not only in poor developing countries are increasingly questioned, because many developments, including the effects of climate change, but we also have members who say that the landscape has changed, From the point of view of the donors themselves, "said UN Deputy Secretary General Asha-Rose Migiro, at a press conference Tuesday. "We can not continue with business as usual as if nothing had happened," he said.

Meanwhile, Helen Clark, Administrator ONUPara Development Programme (UNDP), said: "It is true that official development assistance worldwide has nearly crushed the economic crisis." Many donor countries have reduced their development aid, and only a few have managed to increase it, such as Australia, Denmark and Britain, he said.

Clark said the problems in the industrialized North, as the crisis in Greece and the U.S. and Japan's deficit problems, have had an impact on the programs in the South. "Many developing countries are an export-led approach to economic growth, which depends heavily on the markets of the developed world," he said.

Added to the reduction of aid for the crisis are others, for political reasons, the cuts, like the late October decision by the U.S. governmentto cut funding for the United Nations Educational, Scientific and Cultural Organization, just hours after the UNESCO executive board voted overwhelmingly to grant full membership to Palestine.

U.S. Funds 22 percent of UNESCO's budget - about $ 80 million per year.

Uruguay, whose government is the organization of the November 8 to 10 intergovernmental conference in Montevideo, is one of the eight countries involved in the delivery as a pilot initiative. The others are Albania, Cape Verde, Mozambique, Pakistan, Rwanda, Tanzania and Vietnam.

In recent years, more than 20 countries have engaged in similar work, on the basis of this model, which is aimed at meeting the challenges of a changing world and evidence of how the United Nations and governments can provide assistance developing a more coordinated way.

Migiro acknowledged that the global financial crisis has affected the program, but stressed that this effort has become increasingly necessary, and the results have been encouraging. She also said there was no turning back from the United Nations reform.

"We know that countries are going through a difficult period in terms of the economic crisis, oil prices and food insecurity, and this to some extent affect the work we do .... That's why we're focusing on how we can build a credible and effective organization, how can we make good use of resources and how they can pay off, because after all that's what matters, "he said.

by: wang may

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