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- Submitted by: krispy4
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- Category: History: World Wars
- Date Submitted: 04/24/2010 12:49 PM
- Pages: 2
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Addressing the Problem
Economic disparity is a very complex problem and the solutions to it are equally complex
Political colonialism disappeared in most colonies only to be replaced by a kind of economic colonialism; the demands of huge transnational corporations and foreign owned corporations frequently came to replace those of imperial powers.
Many developing countries rely on the export of one or two unprocessed raw materials such as lumber, mineral ores, or agricultural products such as cocoa or coffee beans for much of their income.
These products are generally produced for foreign owned companies and exported to richer countries. The developing countries are entirely dependent upon the operation of these companies for vital income. In other words, they have little control over their own economies.
Developing nations must find a way to control their economies for their own benefit. This would help diminish economic disparity between Old Core and New Core/Periphery countries
When an epidemic such as HIV/AIDS kills millions, including many of the most productive members of society, and entirely new set of economic problems is created. Production of food declines and the number of business people, healthcare workers and other vital workers is reduced.
Cancelling, or at least reducing debt and the huge amounts of interest payable would go far in alleviating the economic disparity between rich and poor countries.
Creation of African Union and a greater voice in the vital decision that affect them.
Developing countries need leaders who are prepared to work for the national good rather than for their own interest.
Development Assistance or foreign aid is the best-known process by which money moves from richer countries to poorer ones. It consists of two parts: official development assistance (ODA), which is delivered by governments and private development...
Economic disparity is a very complex problem and the solutions to it are equally complex
Political colonialism disappeared in most colonies only to be replaced by a kind of economic colonialism; the demands of huge transnational corporations and foreign owned corporations frequently came to replace those of imperial powers.
Many developing countries rely on the export of one or two unprocessed raw materials such as lumber, mineral ores, or agricultural products such as cocoa or coffee beans for much of their income.
These products are generally produced for foreign owned companies and exported to richer countries. The developing countries are entirely dependent upon the operation of these companies for vital income. In other words, they have little control over their own economies.
Developing nations must find a way to control their economies for their own benefit. This would help diminish economic disparity between Old Core and New Core/Periphery countries
When an epidemic such as HIV/AIDS kills millions, including many of the most productive members of society, and entirely new set of economic problems is created. Production of food declines and the number of business people, healthcare workers and other vital workers is reduced.
Cancelling, or at least reducing debt and the huge amounts of interest payable would go far in alleviating the economic disparity between rich and poor countries.
Creation of African Union and a greater voice in the vital decision that affect them.
Developing countries need leaders who are prepared to work for the national good rather than for their own interest.
Development Assistance or foreign aid is the best-known process by which money moves from richer countries to poorer ones. It consists of two parts: official development assistance (ODA), which is delivered by governments and private development...