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How the Lack of Technical and Financial Means Prevent Sustainability in Developing Countries - Essay Example

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This essay talks that trends currently show that the majority of developing countries cannot achieve sustainability because of the lack of technical and financial means. Being that the World Trade Organization (WTO) administers the multilateral rules of trade between the nations of the world…
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How the Lack of Technical and Financial Means Prevent Sustainability in Developing Countries
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Download file to see previous pages Such communications are necessary for international trade and the import and export of goods. Business operations would no longer be limited to the home nation alone, but would open the entire world to what that nation has to offer. Such technological innovations would also broaden the range of stakeholders who have an interest in information and communication developments (Souter, p. 5). When developing countries begin showing continual promise, investors can find wonderful opportunities within that country that convinces them to invest money in that economy. When that money is invested, the economy benefits as well. Such actions tend to persuade others to do the same, which can then add a popular trend to investing in that particular market.
The World Trade Order states that commercial interests do not take priority over development. They know that freer trade boosts economic growth and that that economic growth supports development. The debate, on the other hand, is of whether or not developing countries gain any from this particular system, but it isn't true that these countries gain nothing at all. Since developing countries are higher on the priority list, they are allowed more time to apply the high number of provisions of the World Trade Order agreements. Those that are less developed receive special treatment, which means that they don't necessarily have to follow certain provisions (WTO p.1). But there is still a deficiency that exists; otherwise those provisions in place that are required to be followed would be working. Perhaps the provisions need to be reviewed in order to give these countries a boost in the right direction and cause a snowball effect that...
This report stresses that there is no doubt that developing countries are on the agendas of the WTO and the International Institute for Sustainable Development. One of the priorities on these agendas is the information and communication technology sector. Developing countries that would be able to achieve success in the information and communication technology sector would be able to achieve communication internationally with other businesses and with consumers to increase income potential. Such communications are necessary for international trade and the import and export of goods. Business operations would no longer be limited to the home nation alone, but would open the entire world to what that nation has to offer.
This paper makes a conclusion that there is a technological and financial deficiency when it comes to the advancement of developing countries being behind the rest of the world. Developing countries do have, on the other hand, some processes that are in place, otherwise they wouldn’t be developing. One could honestly say that if these countries did not have some sort of successful processes happening, they would be considered undeveloped and consist of much higher poverty levels than what they currently have. Globalization has opened a world of opportunities for developing countries, but it has also opened a world of opportunities for the developing countries to be taken advantage of. ...Download file to see next pagesRead More
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