The development of the Third World in the past few decades was in the stalemate that the developing countries could only get the very basic help from the developed countries in order to maintain the status quo by not making it worse or making it better. This stalemate makes more than hundred millions of people still suffered in poverty, hunger and preventable diseases. The inconvenient truth of the developed World that there are much more they can do and they should do to help coping with the underdeveloped problem in the Third World.

Featured image

There is a very clear distinction between the developed world and the Third World by the comparisons of the Gross Domestic Product (GDP) and the Human Development Index (HDI). The developing countries of South Asian such as Nepal and Bangladesh and of sub- Sahara African such as Ghana and Zimbabwe are being one of the lowest income countries in the world that the people living there are suffering from hunger, poverty and preventable diseases. However, the only thing that the developed countries offered is loan and donation through the international organizations like the World Bank and the United Nations. The loan and donation could only provide the basic help but not a continuous support for the development of the developing countries. So, what is the purpose unspeakable behind the scene?

Featured image

The problem of underdevelopment of the Third World is a designed play written by the domination of the developed countries. The present global capitalist world requires a cruel fact of the existence of losers, who are inevitably the developing countries who are without adequate resources, skills and technology to catch up with the long developed countries. The help and assistance to the Third World is in fact a re- naming and a rationalization of the exploit and oppress of the developed countries over the developing countries. With the name of development, the transnational corporations of the developed world enjoy the cheap resources price, cheap land rent, cheap labor cost, cheap taxation and very limited restrictions on the operation of factories and business. However, the huge amount of profits that the big corporations earn would only leave a very small amount of money to reinvest in the developing countries. The exploitation appears not only in the sense of the transnational capitalist class over the working class, but also in a global scale of the developed world over the developing world. The developed countries would only like to provide the basic help for the development of the Third World in order to maintain the status quo of the global market and their vested interests.

Han Chun Kit

References:

Colin Crouch (2011) ‘The Market and its Limitations’ The Strange Non-Death of Neoliberalism (Polity Press), pp. 24 – 48.

William I. Robinson (2004) ‘Globalisation as Epochal Change in World Capitalism’, A Theory of Global Capitalism: Production, Class and State in a Transnational World, Johns Hopkins), pp. 1 – 32.

Anderson, V. (1991). ‘ Alternative Economic Indicators’. Routledge, London

Adams, N.A. (1993). ‘World Apart’. Zed Books, London

World Bank, ‘World Development Report 2014: Risk and Opportunity: Managing Risk for Development.

World Bank, ‘World Development Indicators’. Retrieved from http://data.worldbank.org/data-catalog/world-development-indicators

Human Development Report 2014: Sustaining Human Progress: Reducing Vulnerabilities and Building Resilience. Retrieved from http://hdr.undp.org/en/content/human-development-report-2014

Oxfam International. Retrieved from http://www.oxfam.org/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s