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The paper should be presented as a Journal opinion article and address an economic issue of current interest to Wall Street Journal readers - Essay Example

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However, it is worth noting that space exploration is capital-intensive exercise and global economies are always cautious while undertaking such…
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The paper should be presented as a Journal opinion article and address an economic issue of current interest to Wall Street Journal readers
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The paper should be presented as a Journal opinion article and address an economic issue of current interest to Wall Street Journal readers

Download file to see previous pages... The expedition in launching the mars exploration spacecraft has triggered a heated debate on the wall street journal in the past with many arguments being centered on the economics of launching the mars orbiter at an exorbitant cost while many of the Indian citizens continue to languish in poverty and living at absolute wanton. However, before such criticisms, people should be aware that governments are responsible of management of a country’s resources for the best interest of the inhabitants of the countries. Economic viability of projects informs the government in the most profitable investments to undertake. Proper evaluation of such a projects economic viability would help in advising a government on investing in the right investments or otherwise.
In an article, dated 5 Nov 2013, one WSJ staff makes a collection of many of the comments that circulated among social media platforms in the wall street journal concerning the $73 million mission in undertaking mars exploration by India (Anon, para 1-3). According to many of the comments was that this was a huge undertaking that was spending so much amount of public funds, which would be otherwise spent, on improving the livelihoods of majority of the Indians through provision of food, water, improved sanitation and such other measures that would improve on their livelihoods. Nevertheless, there were also a number of comments who would reason in support of the expedition and reason that the long-term benefits to be realized through the exploration outweighed the capital investment devoted to the exploration exercise.
While all opinions are justifiable, this paper chooses to object to the opinions of those who would question the investment through supporting the undertaking by the Indian government. Economic advancement and development within any economy has its roots embedded in research and development. Space exploration is therefore very essential especially within the 21st century as we ...Download file to see next pagesRead More
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