Process of Development - Assignment Example

Download file to see previous pages The funds that the developing nations receive from different world bodies and international organizations suggest the type of dependence it has on these organizations. The developed nations usually do not involve themselves with taking these funds while the developing nations depend a great deal on these funds for their proper infrastructural growth and resource usage purposes. The basic difference however between the developed nations and the developing ones is that the developed nations understand what they possess within their countries while the developing nations have some difficulty in understanding what their strengths are and how best they could use these resources for their own benefits.
The role of donor agencies like the International Monetary Fund (IMF) is important to understand here. This is because similar financial organizations are playing with the lives of poor men and women within developing countries. They have developed certain policies that go against the very essence of living in these nations. This is indeed a joke with their basic living needs. They are being taxed heavily, subsidies are usually not given and all efforts are being made to put them under trouble in one way or the other. It is a proven fact that the developed countries rely on the use of their resources in order to earn benefits and make lives easy for their own people. The developing nations however depend on these developed nations to help them through difficult times, which are usually for a long period of time. The developed countries focus on maintaining and sustaining growth levels while the developing countries think about the short term goal problems which could be fixed with loans, subsidies, and grants from international donors. The aid agencies help these developing nations on a consistent basis and this suggests the dependence of the developing nations towards these global financial bodies and concerns.  ...Download file to see next pagesRead More