Elusive Quest for Growth - Essay Example

Development that leads to growth has been impossible, in the way done. It’s really an illusion thinking that a rich country claiming to financial aid to undeveloped countries would lead real financial growth in the long run, starting from the short run. Economists and Marketing Sciences have been trying to defend the idea of real financial aid and support of the rich countries of the world, and we see in terms of statistics that this has not been achieved. On the contrary the way and perspective of this kind of aid, have led to even more poverty, and lack of true growth.

A number of economists throughout last decade had tried to defend the idea, that investment in machines and technology, surplus labor, education and environment resources, have led to opposite results and do not promote revenues of countries. First of all there are other major factors affecting the possibility of growth, such as general climate changes all over the planet, local climate of course in each country, geographic position, and structure of natures as well as infrastructure and raw materials existing in each country along with all environment resources. . ll over the planet, local climate of course in each country, geographic position, and structure of natures as well as infrastructure and raw materials existing in each country along with all environment resources.

He also defends the aspect that nor even control of population can lead to any results due quick demographic changes and that this may not always be controlled. Despite the financial aid given to countries, one would clearly see, that it is not a true financial aid, but it’s based on interests of most wealthy people of the world to raise capitals on behalf of them, a disparity of income all over the world, with children starving in poor countries, social inequalities between men and women and of course between rich and poor.

Poor countries may be supported in the short run, but in the long run, they are found in big debt, not being able to pay out the huge loans, and by not also being supported essentially for growth, the gap between rich and poor people all over the world is getting more and more big. The financial support is just on behalf of the rich countries to become wealthier, as some standards of the poor countries, such as environment, infrastructures, in terms of raw materials and resources, are not taken into account.

Then poor countries are supported just partially and this leads only to a financial release and not to real financial growth. Doing investments in local level, and increasing employment in countries that suffer inflation, may solve the problem to an extent. Okay, employment is increased, people have jobs, thus more is invested in education, but in the end, just more wealth is added to rich ones, as they’ll invest the money from surplus labor and the difference in terms of inflation of their own currency and local currency, in