DEVELOPING COUNTRIES AND THE GLOBAL FINANCIAL CRISIS

Abstract

The world economic and financial system should be rebuild based
on new conception. World financial crisis once again proved the global problems ex-
isting. Beginning of XXI century is a right time for made the imminent changes in
world economic and political system. Developing countries have a chance to inten-
sify international relations and revise their stand in international scene. Effective-
ness of changes for developing countries will depend on the quality and creativeness
on the ideas, which will put on their foreign and domestic policy.