OIL IS THE MOST IMPORTANT COMMODITY IN THE PRESENT TIME

Written by SOHAIL TARIQ


Continued from page 1

all know because of which this war has been fought. The global stock market has already shown a decline and it is expected that it will sink further. The international trade to and from war zone would be suspended or its volume may be declined. War-risk shipping charges will be charged byrepparttar effected countries which will increasesrepparttar 125344 cost of production of UDC's. Inrepparttar 125345 war climate, direct foreign investment becomes doubtful, especially inrepparttar 125346 war affected and neighboring countries. Most ofrepparttar 125347 people from UDC's migrate in order to seek jobs to developed countries likerepparttar 125348 UK and US. The rivalries amongrepparttar 125349 oil-producing and oil-seeking countries bringrepparttar 125350 workers back, who are working abroad, to their homeland (recent example of huge worker evacuation from US and UK underrepparttar 125351 cover of "new registration rules"). This results in a decline of national income, which comes into UDC's inrepparttar 125352 form of foreign remittances. As we all know,repparttar 125353 foreign remittance provide a breath torepparttar 125354 poor economies ofrepparttar 125355 UDC's. When these people came back home without job, it will further deterioraterepparttar 125356 situation and increase unemployment inrepparttar 125357 domestic market. The inflow of workers who work in foreign countries increases population. Population increase leads to increase in aggregate demand of an economy, which ultimately results in inflation.

Due to oil crisis,repparttar 125358 agriculture sector of UDC's also suffers. The prices of oil-inputs used in agriculture sector increase, which increaserepparttar 125359 cost of production and therefore, UDC‚s cannot compete DC's because of their cost ineffectiveness. Forceful invasion of DC's inrepparttar 125360 matters of UDC's underrepparttar 125361 doctrine of pre-emptive strike increasesrepparttar 125362 sense of insecurity amongrepparttar 125363 poor countries. As a result, huge amount of money is being transferred fromrepparttar 125364 social sector to defense budget in UDC's. The condition becomes more fearsome when these resources are raised fromrepparttar 125365 public inrepparttar 125366 form of imposition of new taxes. UDC's invest huge amounts of foreign currency on imports of industrial commodities and producer's goods from DC's. These imports are inevitable for their economics growth. As prices of oil increaserepparttar 125367 cost of production of industrial commodities and producer's goods in DC's will also increase. This will increaserepparttar 125368 worries of UDC's. Western nations are oil-deprived nations and most ofrepparttar 125369 oil reserves are situated in Muslim countries. Therefore, any aggression byrepparttar 125370 west against these Muslim countries will increaserepparttar 125371 gap betweenrepparttar 125372 Muslims andrepparttar 125373 west. This will also increase anti Muslim and anti Islam thoughts amongrepparttar 125374 western nations and ethnic rivalries between these two distinct groups. After allrepparttar 125375 points discussed above, a question arises inrepparttar 125376 mind of reader, that why allrepparttar 125377 Muslim countries ofrepparttar 125378 world don't stick together and fight againstrepparttar 125379 aggression ofrepparttar 125380 west. In my opinion, allrepparttar 125381 countries of world have their own individual interests. Western countries arerepparttar 125382 potential buyers ofrepparttar 125383 oil, which is situated in oil rich countries. If oil rich countries go against their potential oil buyer i.e.repparttar 125384 western industrial countries, this may result in lose of their potential buyers and enablerepparttar 125385 industrial countries to find another oil market to fulfill their oil demand. Recent US-Russia oil agreement is an example of US policy change as far as oil buying is concerned. By supportingrepparttar 125386 US,repparttar 125387 Islamic countries and their regimes want to get rid of extremist elements working at domestic and international level underrepparttar 125388 guise of War Against Terrorism. The situation of democracy is very fragile in UDC's. Most ofrepparttar 125389 people in these countries came in to power because of inefficiencies in political system or because of military might. Regimes of these UDC's also supportrepparttar 125390 west because they wantrepparttar 125391 western countries to extend political and diplomatic support to these regimes. Recent example of Uzbek president Islam Karimov, Pakistani president Pervaz Musharraf and kingships of Saudi Arabia clearly explains whyrepparttar 125392 governments of these countries are willing to support US policies. Islamic countries are beset with various problems like terrorism, drugs, weapon proliferation, possibilities of nuclear theft smuggling activities and various multiethnic conflicts. These countries desperately need foreign assistance in many filed in order to cope with these problems. All above sited factors provide us reasons that why allrepparttar 125393 Muslim countries don‚t get together. The upshot ofrepparttar 125394 above discussion is thatrepparttar 125395 oil lust ofrepparttar 125396 west may be able to gain some temporary benefits, but it has wiped off human, social and developmental progress of decades. Oil has become a bone of contention between oil seekers -repparttar 125397 west andrepparttar 125398 oil producers. Only that country will win on political and physical ground, which possessesrepparttar 125399 economic and social power. Onlyrepparttar 125400 fittest will survive. As told by Doctor Muhathir Muhammadrepparttar 125401 current chairman of 116-nation Non-aligned movement, it isrepparttar 125402 right time for Muslim Ummah to get together and face allrepparttar 125403 worst conditions adamantly. Oil wealth of Muslim countries should be used for their economics and social prosperity. Muslim countries must forget about individual interest and must think aboutrepparttar 125404 collective interests of Muslim Ummah because allrepparttar 125405 Muslim countries have strong religious and social ties among them. Without unity, brotherhood, selfhood and economics development, competing againstrepparttar 125406 west is like asking forrepparttar 125407 moon.

SOHAIL TARIQ STUDENT OF BS(KARACHI UNIVERSITY) 2ND YEAR


Hill tribe silver jewelry from northern Thailand

Written by Susi at Jewelry Crossings


Continued from page 1
Aside fromrepparttar work ofrepparttar 125343 Chang Mai city artisans, a buyer of silver in northern Thailand can still purchaserepparttar 125344 less refined silverwork ofrepparttar 125345 hill tribes. Surprisingly enough, most hill tribes even today prefer silver to paper for money;repparttar 125346 women usually wear their wealth in heavy chunky necklaces and earrings. Hill tribe jewelry purchased in northern Thailand is usually sold byrepparttar 125347 actual gram weight multiplied byrepparttar 125348 gram price ofrepparttar 125349 day. Onrepparttar 125350 web site, www.jewelrycrossings.com, several beautiful designs of hill tribe bangles and bracelets are available in sterling silver. Intricate designs of woven or braided sterling as well as delicate sterling silver mesh work capturerepparttar 125351 spirit and essence of this ancient craft. You can also find authentic Thai baht chain necklaces made in polished sterling silver. The baht chains are available in four popular lengths: 16", 18", 24" and 30". The classic baht chain necklace is comprised of small rectangular links weighing a particular "baht" weight. - Susi, Silver Jewelry Crossings

For twenty-two years I have been involved in the gemstone and jewelry trade-first as owner of an incorporated company in Singapore, then Thailand, and for the last ten years in Northern California. Throughout my career my reward has come from the knowledge that I have gone the extra steps to ensure my customers' absolute satisfaction.


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