UNITED NATIONS - Rich and poor nations have more in common this year — a growing sense of economic insecurity, the U.N. says in an annual survey of world economic and social trends released Tuesday.
Their shared anxiety is largely due to "trade shocks" from rising oil and food prices, rattled financial markets, natural disasters and armed conflicts, the report said.
"The food riots that broke out in a number of countries in early 2008 have laid bare the fragility of economic livelihoods for those at the bottom of the development ladder," the report says.
Full Story: UN: economic insecurity hits rich and poor nations (AP)
Their shared anxiety is largely due to "trade shocks" from rising oil and food prices, rattled financial markets, natural disasters and armed conflicts, the report said.
"The food riots that broke out in a number of countries in early 2008 have laid bare the fragility of economic livelihoods for those at the bottom of the development ladder," the report says.
Full Story: UN: economic insecurity hits rich and poor nations (AP)
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