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STRATEGIC PLANNING

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The current crisis is the result of the bankruptcy of the investment and insurance banks and establishments, and high interest rates resulting in speculation and the fluctuation of currency, which led to the poor becoming poorer and the rich becoming richer. I see the underlying reasons for the crisis to be the undemocratic, non-participatory and non-homogenous management of the economic and financial system. The Bretton Woods institutions are incapable of fulfilling their functions, and thus we need fundamental reform of the management and arrangement that arose from the Bretton Woods system.
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Author(s) Mohammad Reza Majidi, Ambassador and Permanent Delegate
Publisher Permanent Delegatiuon of the Islamic Republic of Iran to UNESCO
Publication Location Paris
Publication Year 27-02-2009 5:00 pm
Number of Pages 2 p.
Europe and North America Latin America and the Caribbean Africa Arab States Asia Pacific