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Poor Struggle More Due To Financial Crisis

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Posted by Dylan Thurston on October 19, 2008 at 3:37 am

The impact of global financial crisis is going to hit the poor harder than other people. They are going to face problems of hunger, sicker, and unemployment due to the present global financial crisis. And this time the developed nations may not come to rescue because they themselves have major troubles to deal with. The cut-backs on charities from the richer nations have already started. Some poor countries of Africa, Latin America and Asia which rely on charities are going to face bad times. Even we saw the situations where nation like Iceland has to sell itself away to somebody due to bankrupt. But there are many poor countries even not even worth buying with so many dollars. There was a project by UN to help these poor nations by providing them with certain amounts of money, food, medicines, clothes, and whatever possible. But the target seems impossible to achieve because of the present conflict on Global economy.

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