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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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Content Language | Could not find a string for id (EN) |
Click to download file: | Iran_FF.pdf 58022 bytes (Download Help) |
Format | application/pdf |
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. |