Due to the rapid growth rate and better economic policies existing today, even some of the world’s poorest countries seek to borrow from... ... middle of paper ... ...egarded as the principle way to contribute to poverty reduction and debt sustainability. Even though debt relief alone cannot help poverty eradication in the lesser developed countries, it should be synchronized with additional development assistance such as loans or grants (Lumina, 2008). Another major factor for development and poverty reduction is migration and the movement of people wanting to improve their standard of living. As poverty is seen from a great magnitude in developing countries many citizens feels that high levels of inequality will undeniably influence social unity. Nevertheless, it was also established that national debt have indeed contributed to the poverty crisis, but recently there have been policies for debt reduction and forgiveness hoping that this would therefore be a major feature for reducing poverty globally (The Borgen Project, 2013).
Many of the richer countries across the world do allocate money to alleviate poverty in poorer countries. Even with these large sums of money it is still hard to compensate for the lack of money that the country itself produces. Unfortunately, international economic downturns can have an effect on this. This is another fact that is almost unpreventable. If a negative economic situation arises in the U.S. of course the U.S. in turn is going to donate less of its budget to foreign aid so it can sustain itself.
Foreign aid Bad or Good Foreign aid or assistance is often considered as being too much, or it is wasted on corrupt recipient governments despite any good intentions from donor countries. In reality, aid have been poor in quantity and quality and donor nations have not been held to account. We can’t say it’s an aid it’s only a trade. It’s an important part of development . But aid have been criticized in the issue of international obligations, as an excuse for rich countries to stop the aid that has been agreed and promised at the United Nations.
the technological ad... ... middle of paper ... ...verty would be very small considering the fact that world development is about helping other countries not hindering their progression to becoming more prosperous nations. The debts would most likely have been significantly reduced or even cancelled in order to break the poverty cycle. If a country needs to take out another loan so as to purchase necessary technology and they make money from the results of the loan they had to spend, by the time they become developed enough they would have been able to pay back the loan. Competition created between nations may not always be a bad thing as it can encourage them to set up organisations that can help boost the economy. If nations are developed enough, they would be able to build factories of their own to manufacture new technology and would not need to spend excessively on buying equipment from other countries.
“Economic globalization gives governments of developing nation’s access to foreign lending. These funds are used on infrastructure including roads, health car... ... middle of paper ... ... policies. People will continue to suffer in silence because of the world’s greed. So, while we enjoy our cheaply made goods and over consume the planet into demise, we never know of choose not to know the pain that went into the productions of those goods. Globalization may be championed as a gateway to financial growth for all nations, but only certain nations benefit from it.
Change is their worst nightmare so then these people may revolt against their government which can cause uprise or sometimes even war. We can improve international cooperation by improving the trade incentives between countries, offer loans, military agreements, and the United States protection. This cooperation may not be beneficial to every society because some countries are already well off and don’t want the help of other countries in the world. The costs of these cooperations can add up because the United States may be a wealthier country but it also has debts and by loaning and trading more it could make the debt pile up even further. Though for the political and survival side of things having more cooperation with countries will help form more allies for wars that could happen in the future.
The other problem is, the modern men do not think themselves as a part of the nature. We have to develop the technology, but it should be in smaller scale that everyone could use that. According to Schumacher the real meanings of the economy developed and improve are needed to correct a few things. These are; the issues of peace and stability, recourses, the right use of earth and nuclear, and development of social and economic problems. According to Schumacher, we improve economy in developing countries and the problem is here, which the rich people are getting richer and the poor people are getting poorer, because we do not use a good system of economic progress and do not think about the negatives effect of that on environment.
Due to the poverty in third world countries, these factories will provide a great source of income for the citizens of third world countries. People in America will benefit from the stable economy; prices of America’s goods will stay relatively the same. Despite the misinformed Americans opinions of outsourcing, the benefits are crucial in developing America’s economy Businesses should outsource if it benefits their company. Big corporations are not responsible for the well being of the citizens of America. If outsourcing is going to benefit companies then why shouldn’t they be shipping their jobs to third world countries?
Advantages and Disadvantages of Giving International Aid to Poor Countries Poor countries have been receiving aid from the international community for over a century now. While such aid is supposed to be considered an act of kindness from the donor nations or international bodies, it has led to over dependence among the developing countries. They have adopted the habit of estimating and including international aid in their national budgets to reduce their balance of trade deficits. It is believed that foreign aid is necessary for poor nations in order to break the cycle of poverty that ties their citizens in low productivity zones and so their economy will not be weak. However, some critics view the extension of aid to poor countries as means of keeping the nations in economic slumber so that they can wake up from only by devising ways of furthering self-sustainability.
The negative attributes outweigh the positive due to the lack of supporting detail from the positive in which helps us better understand that helping people is the right thing to do rather than sitting back and doing nothing but demands that Americans donate every cent of their extra money to help the poor. According to Singer, if we provide a foundation for the misfortune we will not only make the world a better place but we will feel a relief inside that world poverty will soon end. The argument singer gives has no supporting details in which he tries and persuade the wealthy to donate money to the poor without clear thoughts. Each person has positive and negative accountability in helping someone who is in need but also has a duty in helping themselves first. Singer starts by introducing the Brazilian film, “Central Station”, which involves a retired schoolteacher named Dora, who has the chance to make a thousand dollars.