IMF Warns That Likelihood of Civil Wars is Increasing
By Rocky Vega
02/02/11 Stockholm, Sweden – The International Monetary FundÕs managing director, Dominique Strauss-Kahn, has pointed out that the global is economy is built upon a destabilizing and dangerous combination: emerging economies, where brisk growth has created two-tiered societies with rich and poor on hugely unequal footings, and developed nations, that are still wracked with high unemployment and have little relief in sight.
He suggests these imbalances are igniting the breed of deep-seated animosity that can lead to civil wars, especially in those countries with the largest wealth disparities and highest unemployment.
According to the Telegraph:
“‘It is not the recovery we wanted. It is a recovery beset by tensions and strain, which could even sow the seeds of the next crisis,’ he [Dominique Strauss-Kahn] said.
“‘Global unemployment remains at record highs, with widening income inequality adding to social strains,’ he said, citing turmoil in North Africa as a prelude to what may happen as 400m youths join the workforce over the next decade. ‘We could see rising social and political instability within nations – even war,’ he said.