‘Europe is poor so should live within its means’

For decades the West has lectured the East on how to manage its economies. Not any more.

Source: BBC News.

Now the emerging economies of Asia look like models of steady, consistent policy and sustained growth while Europe, America and Japan are mired in debt and are growing achingly slowly, if at all.

So what can the West learn from the East?

According to former Malaysian Prime Minister Mahathir Mohamad, the message is simple but devastating: Europe must face up to the new economic reality.

“Europe… has lost a lot of money and therefore you must be poor now relative to the past,” he reasons in an interview with BBC World Service’s Business Daily.

“And in Asia we live within our means. So when we are poor, we live as poor people. I think that is a lesson that Europe can learn from Asia.”

4 replies

  1. Question-1: How to solve painful economic problems of Global Village.

    Answer-1: Read, Review and follow the following scriptures.

    Holy Qur’an
    O ye who believe! Be steadfast in the cause of Allah, bearing witness in equity; and let not a people’s enmity incite you to act otherwise than with justice. Be always just, that is nearer to righteousness. And fear Allah. Surely, Allah is aware of what you do.

    Prophet Muhammad(sa)
    The strong is not he who defeats others in wrestling. The strong is he who has full control over himself during his anger.

    Bible
    If thine enemy be hungry, give him bread to eat; and if he be thirsty, give him water to drink; for thou shalt heap coals of fire upon his head, and the Lord shall reward thee.

    Gandhi
    It is easy enough to be friendly to one’s friends. But to befriend the one who regards himself as your enemy is the quintessence of true religion. The other is mere business.

    Wisdom & Lesson Learned
    Always;
    Be just
    Keep justice,
    Control anger
    Support others
    Be friendly
    Keep friendship
    Be peaceful
    Keep peace
    Be helpful

    Kind regards,

    Munawar Ahmad Bajwa

  2. Dear Mr. Rafiq A. Tschannen,

    AOA

    Thank you very much for posting this issue ‘Europe is poor so should live within its means’

    May Almighty Allah bless mankind physically and spiritually food and peace of mind by reading, reviewing and following the Holy God’s Holy scriptures. Amen

    k/r

    Munawar Ahmad Bajwa

  3. European and American NGOs go to the ‘Third World’ to advice them how to live a better life.

    May be the time has now come for ‘Third World’ NGOs to go and teach the Europeans and Americans how to live?

  4. Dear Mr. Rafiq A. Tschannen,

    AOA

    As you say: “May be the time has now come for ‘Third World’ NGOs to go and teach the Europeans and Americans how to live”

    All must know: Now it is the time of the Promised Messiah & Mehdi. Our Caliph the Vth, Hadrat Mirza Masroor the Head of the International Ahmadiyya Muslim Community is Guiding mankind to keep peace in the Global Village for better life by the command of Our Almighty NO:1 BIG LORD ALLAH.

    May Almighty Allah bless mankind physically and spiritually food and peace of mind by reading, reviewing and following the Holy God’s Holy scriptures. Amen

    k/r

    Munawar Ahmad Bajwa

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