Globalization of Economy Causes Financial Crisis Among Low-Income Class
January 4, 2001 - 0:0
TEHRAN A participant at the gathering on the National Economy, Social Justice and the Changed World, Dr. Yadollah Dadgar, said "Globalization helps the higher strata of society but deepens financial crisis at the lower levels of society."
He said the developed world stands in need of high skill while jobless immigrants and a wide spectrum of unskilled workers in poor countries will suffer from unemployment.
Dadgar said the current trend of globalization is in conflict with democracy.
He stressed that globalization would not be useful for the economies of developing countries because the capital would be spent on brokerage, not on productive activities.
Dadgar said countries should draw up plans to confront the hardships arising from globalization, adding that Iran could provide a model of behavior in the face of the wave of globalization due to its rich value-system, economic resources, human resources and the application of science and rationality.