How can we reduce the global inequalities of development?

The worlds HDI. the green represents a high HDI and the red a low HDI. (photo credit: wikimedia.org)

There is still a large gap between richer countries and poorer countries in the world and these inequalities have increased over the past 30 years with richer countries becoming even richer and poorer countries suffering from the consequences of this and becoming even poorer. The countries in the middle of these which are often known as the NIC’s (newly industrializing countries) are the only ones that seem to be making definite progress as they move closer to becoming developed. many of these nations started out as poor countries but have started to industrialize which has stimulated economic growth.  in order to reduce the development gap that is being created poorer countries need to become NIC’s and there are steps that can be taken to stimulate a poor country’s economy.

As is often the case, in order to start off a countries economic growth, internal issues must be solved first such as providing better healthcare and living standards and giving children the opportunity to have a good education. if a country can have a better healthcare and education system then it can raise its quality of life and also increase life expectancy. there will also be more people who are of a working age. this will help to increase economic growth of a poor country as a country with healthy workers will have more people who are contributing to that country’s economy. also a more educated work force is important for economic growth as it can move an economy from being mainly based in the primary sector such as in agricultural industries to the secondary sector such as manufacturing goods that can be sold abroad. it also means that those workers who have a higher standard of education can earn a higher wage and therefore have a better quality of life.

There are also solutions to help the long-term development of a country through aid. long-term aid provides the means for a population to help themselves develop. these projects are often provided by NGO’s from richer nations. a good example of this is water aid which is UK-based charity that helps countries in Sub Saharan Africa to have access to a clean supply of water. they have helped villages to install wells close to a village that supply clean water. this helps with reducing health issues relating to water contamination but also means the children in these villages can have a better education as they do not need to spend their school time walking to a well miles away to fetch water.

there are also much wider scale solutions to the global gap in development such as improving the money poorer countries make from trading with richer countries. often trade agreements and regulations are made to benefit richer nations and TNC’s which import a lot of goods from poorer countries for their own financial gain. a solution to this is fair trade agreements between some TNC’s and poorer countries. this means that poorer countries who are exporting goods that TNC’s buy, get a fair price for the goods they exporting. this has often been the case with coffee or banana plantations in Africa where unfair prices have been paid to those exporting the goods which has resulted in very low wages for the workers on these plantations meaning they can’t afford to send their children to school or receive good healthcare which hinders the countries internal development. however fair trade agreements have meant these countries see a fair price and so workers can be given better wages allowing them to help themselves to develop.

often it is just a case of allowing a poor country to develop by providing it with the means to do so. once a country is able to provide education, fair wages and good healthcare the economic development will soon follow.

sources

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