Worlds Poorest Countries Are at a Competitive Disadvantage in Every Sector of Their Economies - Coursework Example

International Business – world’s poorest countries are at a competitive disadvantage in every sector of their economies World’s poorest countries areat a risk of extinction. They have lack of resources which makes them even more susceptible in the time and age of today. The general inadequacy of funds, importance given by the countries which have these facilities and the like, and in essence a sense of absolute chaos are some of the major reasons why these countries are failing time and time again. This essay will take a clear cut look at the divide between the poor and the rich countries, study the basis of gaining an understanding regarding their economic situations and the ways and means through which they have to make both ends meet in troubled financial times. The essay also aims to suggest how three different countries are coping up with the changing times whereby their economic activities are not that thriving, and they have been marred by issues that have had very important bearing upon their own selves. It is a fact the world over that those countries which are remarked as poor and not so affluent are the ones who are losing out on one context or the other. This was the case in the yesteryears and the same has continued even in the present times. There is reason enough to believe why such an anomaly has come about and how the problem can be stemmed once and for all. However much work needs to be done in order to curtail the negativities that are connected with the problem that the world’s poorest countries are facing at this juncture in time. The world’s poorest countries are constantly at war with their own selves (Satz 2005). They cannot make both ends meet when it comes to their respective resources and hence lack of planning and control results due to the same. The lack of capital is another element which poses as a significant problem here. The underdeveloped nations of the world are usually those which are facing severe problems and that too on a consistent basis. These are hampered by the lack of structural reforms, a basic shortcoming of measures and undertakings which are needed in entirety, and so on and so forth. The underdeveloped nations are usually facing these problems because they do not know how to get out of the rot and do something different. Their leaders and decision makers have not helped their cause much. If only there is perfect chemistry between the developed countries and the underdeveloped nations, and if only there is more proper distribution of wealth across the board, this world would surely become a much better place in the days to come. There are a number of nations which are going through some serious problems of late. These have included the third world countries that have been involved in quagmires, not essentially of their own making. The strategic locations of the countries that are discussed as such are also very pertinent towards gaining an understanding of how bad the situation is, at the present. The free trade regimes are also suffering as a result of this, and the blame needs to be shared amongst the rich as well as those nations which can make it happen. There is an element of absolute chaos and disharmony amongst the related ranks, and this is something that must be understood right from the beginning of such discussions. The not so affluent countries of the world do not get the attention that they richly deserve. They are at the direct mercy of some of the biggest international organizations, all of which are doing valiant efforts to take care of the poverty and related issues which hamper the sound working domains within the poor countries of the world. The poor countries have difficulty in understanding the domains of their resources, if any they have within their folds. The manner in which the world bodies are playing their vital roles is something that needs to be debated for long (Mcmillan 2006). If these countries play their respective roles in a proper way, there is no doubt that the issues which engulf the poor countries would be solved once and for all. What is lacking is a proper system at hand and hence the development of such a hierarchy is the need of the hour. Unemployment and lack of proper education stand out as some of the most important features that these poor countries have within them. There is a need to give serious consideration towards these aspects to solve the problems on a war footing. Having an economy which is totally dependent upon the world’s most sought after financial organizations and institutions is not a very positive aspect, and this needs to be taken care of by the rich and affluent countries so that the poor nations do not feel left out on this count. Unemployment essentially means that the youth is unable to ascertain its correct mode of action within a country and for that reason they can be strayed into different avenues, all of which are not that constructive in entirety. Lack of basic educational facilities also means that the poor countries cannot teach their future generations what they ought to be taught in the first place. This is an important understanding that has come about with the passage of time, and one which will embody the basis of much success in the times to come (Wein 2007). Therefore unemployment, lack of basic education and medical facilities are some of the elements which force the rulers to get their house in order before it is too late. The governments within these countries are in constant touch with the financial institutions and organizations of a global stature so that their related regimes could be made stronger with each passing day. The people at the helm of affairs within these governments are wary of the fact that still a long way has to be attained yet they lack the resources to make the best use of the same to provide confidence to their own citizens. This is an important study element which has been at the forefront of making one understand the nuances of international business within some of the world’s poorest countries. Such understandings are of paramount significance nonetheless. Lack of capital brings to mind a number of issues which require compliance with the standards which have been set the world over. This is an important understanding since lack of capital forms the backbone behind nearly all projects happening at the national level. The poor countries face discrepancies because these do not have the necessary budgets to keep away the problems which have cropped up in the nick of time, as well as the ones that have developed over a period of time. Lack of capital brings to focus what the country needs to do on a war footing as well as to make intermediary, short term plans to counter the rot which has happened in an instant manner. This is a very important consideration since a number of countries are losing out on their respective positions by being positioned in an absolutely wrong way. The basic lack of funding has meant that people have generally suffered on one count or the other. This funding is facilitated through the different mechanisms and pathways which are devised on and off by the world’s top financial institutions and organizations. Allocating proper budgets and finding out ways and means through which success could be achieved is a very important discussion. Taking into perspective three different countries that are having a tough time at their hands, one can quote the examples of India, Pakistan and Zimbabwe. The first two countries are South Asian neighbors and have more or less the same problem. Zimbabwe, on the other hand, faces troubles at the hands of its lack of economic activity as such. Pakistan is marred with terrorism for the last decade or so and hence its economic progress has been hampered on a number of different counts. India has a huge population to feed and for that reason it makes efforts to curtail a sense of misgiving on its very part. The people are not provided the most basic of facilities and due to that serious and grave issues have come to the fore. All these three countries are therefore being subjected to extreme situations, which are not exactly of their own making. What is even saddening is the fact that these three countries are passive when it comes to gaining a clear cut understanding of how to go about doing things the right way, since the lack of proper leadership at the helm has meant quite a number of problems. India and Pakistan are engaged in a cold war of their own, whereby they constantly end up fighting with each other for all the wrong reasons. Both these countries share so much in common but it is the inflated ego of the decision makers and politicians who let the people down and hence make them feel at war with one another. India and Pakistan have immense success areas that they share but somehow or the other; there are problems on both sides of the borders. The progress that can happen gets curtailed and this is an element which brings a great deal of wrong judgment on the part of the people. One must remember that the world’s most potent economies have a responsibility to play within the constructs of such poor countries that hardly meet their goals and aspirations let alone the needs and requirements of a basic sense. The economical thresholds must be such that the same can take care of the people who are the citizens of the state. Their most basic needs must be met in such a way that their future generations can heave a sigh of relief. What is essential here is to understand that such understandings will only come about when there are concerted efforts on the part of the people who matter the most, i.e. the decision makers and the leaders who are the movers and shakers within the relevant systems (Verme 2006). The role of the superpower nation of the world, United States of America as well as top financial institutions like the International Monetary Fund (IMF), the World Trade Organization (WTO) and many others have changed beliefs that much success will come about within the ranks of the nations that are remarked as the poor ones in the days to come. There is little doubt that if proper efforts are undertaken, there could be a great amount of accomplishment which these poor countries can have within their ranks. What is needed is a set framework for doing things in a proper fashion, and success would eventually be achieved in the coming days. In the end, it would be sound to suggest here that the world’s poorest countries need a beacon of hope in order to survive in the coming times. The international business domains must come ahead and perform their roles in such a way that the world’s poorest countries do not feel left out of the related equations. The economic settings basically decide the relevant courses of action, and having said that it would only be natural for any country to boost its economic domains in an outright manner. This would embody the basis of its success both from the short term perspectives as well as in the long run scheme of things. All said and done, disproportionate treatment in terms of resources and budgets would never form as a helping agent within the related discussions and the roles and responsibilities of the people who matter the most remains supreme in essence. This is an important consideration which is being hailed left, right and center and there is reason beyond such a hypothesis. The magnanimity of this belief arises from the benefits that the people might receive in the coming times and are still getting in this day and age. Works Cited Mcmillan, John. Below the Radar: Underground Markets for the Poor. Harvard International Review, Vol. 27, 2006 Satz, Debra. What Do We Owe the Global Poor? Response to World Poverty and Human Rights. Ethics & International Affairs, Vol. 19, 2005 Verme, Paolo. Pro-Poor Growth during Exceptional Growth. Evidence from a Transition Economy. The European Journal of Comparative Economics, Vol. 3, 2006 Wein, Jo. The Rich and the Poor: Eradicating Hunger in a "Global" Economy. Forum on Public Policy: A Journal of the Oxford Round Table, 2007 Read More