Western propaganda

Pakistan economy watch reports term globalisation, deregulation as more dangerous than third world war, especially for developing countries. The report estimates that more than fifty billion people will come below poverty line in this year, due to western policies.
Developing countries are forced to participate in war against terror even if they are not able to provide basic facilities to their people. To eliminate poverty gap from developing countries, thirty billion dollars are required and that amount is easily spent by US citizens every year on their animals.
The report further discusses the 50 percent increase in global food prices in 2008 and even more than that in Pakistan, which will definitely lead to high increase in poverty rate. Globalisation is a western phenomenon in order to capture all the resources of developing countries. In return, developing countries are blessed by poverty, economic crisis, political instability and cancer of terrorism.
This agenda consists of economic deregulation, privatisation, market liberalisation, transfer of investments and to make profitable health, infrastructure and other sectors. With the rapid spread of globalisation, there are chances for international organisations like World Trade Organisation (WTO) to violate both national and international sovereignty.
The existing gap between the rich and poor nations will widen more, with the advent of globalisation. In fact many of the studies about globalisation and poverty suggest that globalisation has been associated with rising inequality, and that the poor do not always share in the gains from trade. There is significant increase in the flow of skilled and unskilled employment opportunities simultaneously from developed and developing countries across the world.
This is due to the fact that the global companies are in search of cheap labours to extract maximum benefits at minimum expenses. The revenue generated in the host nations is hardly spent in that particular country for uplifting the economic conditions of its population; rather this revenue is spent in other countries across the globe. This weakens national unity and independence, permitting the developed countries to dispatch domestic jobs abroad, in search of cheap labour.
Many economic analysts believe that all these western policies and interests put Pakistan into a dangerous economic and political crisis. The country's foreign reserves are down to around $5 billion now. Inflation is hurting the nation. Not just domestic inflation, but the costs of imports. The export side is not faring well either. With the currency sliding it is becoming harder to import, and with investors taking out their investment outside the country.