Frothy Paradise

The global economic crisis threatens to reduce development assistance by at least $4.5 billion as a result of contractions in Gross National Income, force more than 50 million more people to live in poverty and set back the fight against poverty by up to three years. Already, more than 130 million people were pushed into extreme poverty as the result of soaring food and fuel prices in 2008. This is particularly cruel and unjust given that the crisis is of the rich world’s making.