The delegation from South Africa is partial to this resolution.
However, we do believe that another significant factor that should be addressed to prevent future global financial crises is to expand trade levels between all nations and to focus on developing demand for their main exports. This would help develop their economy and hence provide an increase in income. Furthermore, nations should move away from protectionism by abolishing or limiting tariffs and quotas so to increase and promote trade, thus pump more money in various economies.
Moreover, a global investment is highly significant so as to gather worldwide commitment and long term goals by working together to prevent such a crisis in the future.
However, we do believe that another significant factor that should be addressed to prevent future global financial crises is to expand trade levels between all nations and to focus on developing demand for their main exports. This would help develop their economy and hence provide an increase in income. Furthermore, nations should move away from protectionism by abolishing or limiting tariffs and quotas so to increase and promote trade, thus pump more money in various economies.
Moreover, a global investment is highly significant so as to gather worldwide commitment and long term goals by working together to prevent such a crisis in the future.