As of now global media is waiting with lot of anticipation regarding outcome of couple of sessions that are to take place in China between its legislators and formulators of political policies. Much of this is because China’s economic progress is crucial to economic development of world on a whole.
World Bank reports on economic development in world have suggested that it is important to have proper administration throughout world as it can create and foster conditions that are necessary for economic revival in particular countries.
Economists in Australia have noted that terrorism is a major issue as far as economic development at world level is concerned. They have reiterated in wake of terror attacks in Pakistan on March 3rd and 5th that entire world needs to make a stand with Pakistan and assist it in its war against terrorism.
In its report on world economic development UNESCO has made it absolutely clear that long lasting effect of global financial downturn would be on people who are classified as economically backward. It is being expected that levels of poverty would go up and there would be an increase in number of deaths in this particular social strata.