Industrial powers conserve poverty in “banana republics”: N. Nazarbayev

ПОДЕЛИТЬСЯ

Industrial powers conserve poverty in “banana republics”: N. Nazarbayev President Nazarbayev

Industrial powers deliberately conserve poverty in developing nations through free trade rules, President Nazarbayev believes. “All the developed nations used to protect their processing industries, regarding them as “fledging industries” (…) Now the IMF, the World Bank and the WTO demand liberalization and free trade”, President Nazarbayev said when opening the IV Economic Forum today in Astana. “Offering free trade – without protection - to developing economies, industrial powers keep on subsidizing a lot of their own industries”, he said. At the same time, according to the President, it is becoming more evident that “these measures destroy industries of developing nations and conserve their poverty”. “Unfortunately, ambitious programs such as UN Millennium Development Goals do not fully solve the problem; poor countries are set to remain raw materials-oriented, while developed countries are posed to develop even further”, President summed up.

ПОДЕЛИТЬСЯ
Industrial powers deliberately conserve poverty in developing nations through free trade rules, President Nazarbayev believes. “All the developed nations used to protect their processing industries, regarding them as “fledging industries” (…) Now the IMF, the World Bank and the WTO demand liberalization and free trade”, President Nazarbayev said when opening the IV Economic Forum today in Astana. “Offering free trade – without protection - to developing economies, industrial powers keep on subsidizing a lot of their own industries”, he said. At the same time, according to the President, it is becoming more evident that “these measures destroy industries of developing nations and conserve their poverty”. “Unfortunately, ambitious programs such as UN Millennium Development Goals do not fully solve the problem; poor countries are set to remain raw materials-oriented, while developed countries are posed to develop even further”, President summed up.
Tengrinews
Читайте также
Join Telegram
Tokayev urges Astana to look to Tokyo
Dollar dropped sharply in Kazakhstan
Trump sends gifts to Tokayev
Earthquake occurred in the Caspian Sea
Cold front approaches Kazakhstan
Earthquake struck Almaty
Tokayev sends telegram to Emir of Qatar
New Year trees lit up in Almaty
Kazakhstan and Japan sign 14 documents
Kazakhstan celebrates Independence Day
Dollar resumes slide in Kazakhstan
Astana Airport has addressed passengers
Interior Ministry warns Kazakhstanis

Exchange Rates

 512.04  course up  604.8  course up  6.56  course up

 

Weather

location-current
Алматы

 

Редакция Advertising
Социальные сети