The GDP of poorest 48 nations is less than the
wealth of the world's three richest people combined.
Labor; whether skill
or unskilled is trade of services, is significant to present world order- Is an important factor of economic construction
of any country. Skill laborers are in great demand any where in the world. But in developing countries lack of opportunities
many times give disappointing situations so search their fortunes overseas. For unskilled laborers without education; opportunities
and living conditions are very discouraging. Lack of opportunity in rural areas pushes them to urban cities to overpopulate.
Nearly 50% of developing countries lack modern education. And over 60% from rural
population of developing countries are still either illiterate or semi-literate, especially, women education is discouraged.
So they stay back in education standard and self dependence. They find opportunities only in unorganized sectors where least skills required. Hence, they have to be
content with available opportunities and pathetic living conditions. Women contribution to country’s economy remains
negligible. Women in such countries are the poorest and oppressed by both religious and bad Governance of Governments. Buying
power of the individuals evaluates country’s status. Education plays significant role in the development and if the
education helps creating demand of jobs, is the best.
Education campaign succeeded significantly in many developing countries specially the urban population took
advantage and uplifted themselves to match the world. Education campaigns developed skilled force to almost invade the developed
countries by their capabilities and low cost. But there are very much restriction for educated youths for job permits. Many
intellectuals seek to go abroad are forced to stay back due to restrictions of visa permits. This is an issue to be dealt
in World Economic Forum and World Trade Organization. Trade liberalization should
not only mean commodity transfer, liberalization of free transfer of employment opportunities should also be a part of trade.
Employment is the rendered services and has to come under definition of “Trade”
Most developing countries, despite having own strong minerals and natural resources are poor. Cause is lack
of proper and advanced knowledge for processing/ shaping and finishing or adding value to it. Raw or semi finished goods are
traded at pity value. (We have to realize one more point that over excavation and deforestation to promote sales would sustain
economically but devastates the environment) Developed countries on the other hand with advantages of modern technology convert
these to value added finished products, patent them for monopoly then market for high value. Such products can not be avoided
as essential to keep up with modern time. If supposing export price of iron ore is $US60 a ton, import price of value added
products for same quantity is $US600 per unit or go much-much higher depending items. The producing country of iron ore has
to sell 10 tons to buy 1 ton of value added item. In case the requirement is more, has to increase out put to balance traded
value, if lack capacity, export own essentials to minimize debt. Or seek help of International financing institutes to get
loan to clear debt. Negative balances weaken economy to escalate inflation. For own advantage technology transfer is avoided
or if transferred are with conditions say for high price, high installation cost, spare parts, repair, restrictions on use
and etc; etc; this prevents utilization sensibly. Restricts poor to grow thus depend on basic items like spices, cereal, minerals,
forest wood, textiles etc; or semi-finished for its exports in order to maintain. Many of basic items have high competition
in the market, anti dumping problems or agricultural subsidy. Thus rich gets richer and poor to poorer. Open market is an open competition and beneficial to equal competitors thus poor don’t gain much
out of it. Research and development benefits are with only a few capitalists or developed countries; the advantages are not
transferred or transferred conditionally so benefits do not reach all countries and its common people. These benefits
can reach to all only when research and development is with international bodies or organizations, who can offer to share
the research by charging expenses incurred including royalty to researchers. It
is now open world after the cold war so secrecy of research is not that essential except for self defense research, if done
is only for domination and monitory gains.
Most under/ undeveloped countries are involved in boarder conflict with neighbors, escalating boarder maintaining cost. Military maintenance dominates the country planning
to claim unexpected share of Government budgets. Also fueled by race to acquire latest warheads contributes to hike. Role of corruption among politicians and bureaucrats add up to escalate weapon acquiring
expenditures. To compensate excessive allocation to military budget slashes social expenditure and loads new taxes
on public to affects poor. Bad relation ruins trade between neighbors. Many items
produced in neighboring countries can easily be accessed at better and cheaper price are generally imported through third
party. What could get at normal now from third country unfortunately in double! Trade relation among neighbors can solve many
problems even if any dispute exists. Both communities exchange their cultures too during trade, thus understanding is built.
World is opening up to establish mutual relationship to promote trade but these some countries fail due to inefficient and
corrupt Governments. Establishing trade with neighbor is more important than the relation with third nation because dependence
develops peace and strength. Neighbors should visit each other frequently. Consulting
third country only deteriorates the situation best way is to settle mutually. Similarly,
civil war as in African countries is disastrous and an obstacle to growth. Greed of money has extended to extreme that corruption
is now common in developing countries. In some cases not even 10% of Allocation on social sectors reaches to common man. Real people who deserve, gets cheated assemble to oppose the Government, to me is
civil war. Acquiring of weapons to thwart and acquiring weapons to oppose by both is fortune to weapon selling countries but
misfortune to the population who suffer economically and mentally. Role of UN to bring peace in these areas doubts the minds of its effectiveness. Inability of UN Security Council or
others to reduce such tensions fails the purpose of its existence.
Major portion of weapons is imported from developed countries and surprisingly 5 permanent members of UNited nations
responsible for global
peace and security are suppliers of 85% of imports by world. United States is the largest exporter among them. Just imagine: How can we expect peace
in the world? Why would they love peace? A weapon export is the most profitable
industry in the world. Weapon manufacturing lobby is so strong in developed countries. Below link will clarify how these companies
gain tremendous influence on political figures by pumping huge amount in presidential elections and other activities. The US arms industry is the second
most heavily subsidized after agriculture. CLICK and follow article links:
Arms Trade is fortune for manufacturers/dealers and politicians/bureaucrats of both exporting and importing countries but misfortune
to the population with more burdens of taxes on account of subsidies to manufacturers and high cost of imports. Global
peace can not be achieved as long as arms trade has huge profits. Arms trade will continue by hook or crook methods and adopt
corrupt practices to promote sales. No manufacturer and the producing country will like to stop as long as political election
is funded by arm manufacturers lobby. World military expenditure is nearly 1000 billion $US will further increase. UN
security council functioning will always fail as long as permanent members having veto rights are the top sellers of weapons.
UN needs to be democratized by giving rights to all members and 2/3 voting decisions. Only democratic UN will be able
to curb by imposing sanctions and penalties on arms trade.