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Economic Development - Essay Example

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One remarkable indicator of inequality in North Africa is unemployment, which only enhances the tough condition of poverty, not to mention the inability of the government to supply the actual needs of its people. …
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Economic Development
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Download file to see previous pages To what extend does the international environment positively or negatively magnify the situation? One remarkable indicator of inequality in North Africa is unemployment, which only enhances the tough condition of poverty, not to mention the inability of the government to supply the actual needs of its people. In this way, the government in North Africa needs to remarkably consider making some ways in order to make both ends meet for its people. Economically speaking, countries in North Africa struggle to at least feed a hungry stomach considering the inability of the government to provide sufficient water supply for farming, large quantity supply of fertilizer and substantial amount of investment for infrastructure to reduce transportation costs. The unemployed in North Africa contributed to a big discrepancy in the distribution of wealth. In this case, the industry could not sufficiently provide all the essential needs of the people. Although, there might be a good sign of improvement, the economy could not still sustain the balance flow of wealth because almost everybody seems to be wallowing in poverty. If there are many people having no jobs, poverty is remarkable because the wealth of the nation might just be limited at some certain level. On the other hand, the problem with food production due to global financial crisis substantially had made the situation even worse. In other words, among the most remarkable features of inequality especially in the case of North Africa, which consists of developing countries, are unemployment, lack of food production and even vulnerability to be at a disadvantage side as influenced by global economic trend. In other words, in North Africa, people’s source of income could be quite in a limit because there is less on agriculture but a bit higher on some industries. However, this source of income could still be unable to provide for many. The global financial crisis, for instance, brought food shortages in North Africa’s countries. In other words, agriculture can substantially help developing countries’ economy to survive. However, large private or government investment is necessary for agriculture, especially in sufficient water supply for farming. Furthermore, there is a need for coordination with international market for bringing in enough quantity supply of fertilizer, which is also necessary. Finally, investment by the government through infrastructure improvement is necessary to reduce transportation costs among farmers. In this way, farmers could save on costs associated with transportation and other relevant costs. In this case, there is a need for North Africa to keep in touch with the world especially in relevance to its financial condition. Global financial crisis is a significant component of international environment, but it is clear that it negatively affects the situation in North Africa especially at its poverty level and at the micro-level, its capacity for agriculture. However, on the other hand, this marks a significant point in which North African governments should try to create ways and means in order to at least alleviate a substantially down situation for its economic and financial aspect in particular. The government, therefore, should ensure financial support from the international environment in order to at least reach a substantive ways in order to maximize its potential for food production. After all, agriculture could substantially boost a country’s economy especially of a developing one. It is at this point that the North African countries should seek support from the international environment, particularly investors which could not only promote high production output for agriculture but could also provide substantial employment. In other words, what ...Download file to see next pagesRead More
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