Ben Bernanke testified before the Senate Banking Committee and warned that a rise in oil prices as a result of the conflicts in the Middle East could threaten US growth and spark dangerous price rises. Author and researcher Adrian Salbuchi says while rising oil prices seem to go against US interests there has been a process of weakening the US to get it out of the way for globalization.
Adrian Salbuchi, Argentinian Economist, says the big picture is that the erosion of the sovereign nation state, the United States, is one of the goals. Salbuchi says we are seeing the relative controlled, macro management of weakening nation states through turmoil, through economic and financial crises.
He adds that U.S. citizens don’t want to see oil prices go up, but a global power elite that is wrapping up its globalization are ushering in a common world government.
The Human Development Index (HDI) is a comparative measure of life expectancy, literacy, education and standards of living for countries worldwide that is used to distinguish whether a country is a developed, a developing or an under-developed country. The HDI is a standard means of measuring well-being, especially child welfare. The HDI is also used to measure the impact of economic policies on quality of life. The index was developed in 1990 by Pakistani economist Mahbub ul Haq and Indian economist Amartya Sen.
Under the two main categories of Developed and Developing Countries, there are four broad categories* based on HDI:
DEVELOPED COUNTRIES
[1] Very high human development (added in the report for 2007),
DEVELOPING COUNTRIES
[2] High human development
[3] Medium human development
[4] Low human development.
* Starting in the report for 2007, the first category was referred to as developed countries, and the last three are all grouped in developing countries (split in the same report).
