UN General Assembly
2011

none is immune from the widening and deepening fallout of this systemic crisis of ill-regulated financial institutions and the movement of capital. The effects of the international global and financial meltdown are now being felt well beyond the bottom lines of multinational corporations. The macroeconomic and developmental consequences of this economic tornado are now painfully apparent, as is the terrible impact on the lives of individuals. The economic crisis has spurred rising global unemployment and poverty, and has engendered a feeling of hopelessness, especially among young people. The continuing fallout of the economic upheaval can be felt in streets and cities around the world and is a major contributor to the global unrest that has pitted disgruntled youths and others in violent opposition to Government forces, from Tottenham to Tripoli. Social unrest elsewhere beckons, in dozens of countries where neither the socio-economic conditions nor the political institutions can contain the enormous pressures much longer. Well into our third year of the international economic crisis, we can now declare that the tepid and timid responses of wealthy developed nations have