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Poor Nations Are Poor Because the First World Is Rich - Essay Example

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The following discourse seeks to analyze the fact that poor nations are so because of the rich nations. The reasons outlined are unfair monopolization of resources in the poor nations by the rich nations, slavery, and unfair money lending policies by leading financial instituitions…
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Poor Nations Are Poor Because the First World Is Rich

Download file to see previous pages... Examples of such countries that have undergone such natural disasters include Haiti and Indonesia. On July 6th and 7th Hurricane Dennis touched the south-east coast of Haiti causing devastating damage that cost about $4 billion USD. For a country like Haiti that was a big economic blow. However, it is the poor countries who allow the exploitation to take place. Consequently, they re partly to blame. However, exploitation of the poor countries contribute to their impoverished states. Another contributing factor is the issue of slavery. Although slavery was abolished more than a hundred and forty years ago, most of the third world countries have been and still are on the receiving end of this practice. While rich first world countries spent most of their time acquiring wealth and building their superior economies, most of the poor nation's citizens had not gained their freedom. Africa for example has some of the poorest and youngest nations in the world with most of their early years spent being ruled by their colonial masters, most of which are the first world countries (Myers, 2004). In the present day there is also the emergence of human trafficking. Human trafficking is a practice whereby an individual is tricked or coerced into forced labor. The person is then used as a sex slave or for labor. Most victims of human trafficking come from third world countries and are often poor, gullible and uneducated. This continual loss of people through slavery and human trafficking has an adverse effect on the growth of these third world countries (Starr, 2003). However, slavery was facilitated by the natives of the poor countries. Consequently, the blame cannot be squarely put on the developed countries alone. However, this vice continues to contribute to the state of...
This paper approves that while rich first world countries spent most of their time acquiring wealth and building their superior economies, most of the poor nation's citizens had not gained their freedom. Africa for example has some of the poorest and youngest nations in the world with most of their early years spent being ruled by their colonial masters, most of which are the first world countries. In the present day there is also the emergence of human trafficking. Human trafficking is a practice whereby an individual is tricked or coerced into forced labor. The person is then used as a sex slave or for labor. Most victims of human trafficking come from third world countries and are often poor, gullible and uneducated.
This paper makes a conclusion that first world countries have been the main set back as far as a development is concerned in the third world nation. Some measures have been put in place to ensure industrialization in the developed world does not limit developing nation’s capacities. For instance, environmental international laws require that each country should not exceed a certain amount or rate of polluting gases to the atmosphere. Developed countries should unite so they operate as a single block, as experienced in Europe and United Kingdom. Such unity will enable improved international trade between the countries, other than depending on export and import trade with Western, developed nations. Such unity is also likely to improve their currency strengths. ...Download file to see next pagesRead More
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