UNCTAD calls in its 2014 annual report upon the poor and rich of the world to mobilize all possible efforts to activate world markets and extend a helping hand to under developed countries .
The report affirms that global economy is witnessing an improvement of around 2.5 to 3 percent. However, growth in Africa is still meager, especially in North Africa and this is attributed to chaos in petroleum zones, while in the south its due to chaos in mining sectors. Economy was activated in the southern desert after long years of recession.
While some comments under-line that global economy is reverting back to its normal levels, at the same time other comments refer to global instability.
The report points out to the following challenges:
First- coordinating any new objectives with a model for policies can help increase production, and individual share in per capita income.
Second – availability of adequate job opportunities, and establishing a global stable financial world order to enhance productive investment.
Third- ensuring availability of viable political tools for nations in order to empower them to achieve objectives mentioned in their development plans.
My comment on the above is that it is noted that growth in rich developed countries is becoming more visible, especially in the USA, while the condition is still unstable in African countries that are suffering from chaos, hostile political struggles and threats from external forces.
I believe that economic progress witnessed by the global economy is extremely minor , and will remain below levels expected prior to the global crises .
I dare say that as long as long as political maneuvers persist and proceed, this will leave no chance for any progress forward.
