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The North-South Economic Ambivalence

I discussed in this essay the distinction between the two large economic groups--the North represented by the North and the South representing by the poor countries.

language english
wordcount 5409 (cca 15 pages)
contextual quality N/A
language level N/A
price free
sources 3
Table of contents

Introduction 1
The Miseries of the South 1
The North and the South 2
Mutual Interest 3
Beyond Mutual Interest 3
The Sufferings of the Poor 4
The poorest Countries 5
Elimination of Poverty 5
Food For the Hungry 6
An End to Hunger 6
Destruction or Development 7
The Opportunity Cost of Arms Race 8
Guns vs. Butler 9
The Task of the South 10
Domestic Policies 11
Industrialization and World Trade 12
Ideas on Industrialization 13
Obstacles to industrialization 14
Sources 15

Preview of the essay: The North-South Economic Ambivalence

THE NORTH-SOUTH ECONOMIC AMBIVALENCE   INTRODUCTION    There are two very different worlds. One is for the rich; the other is for the poor. The rich world is called North while the poor world is called South. The distance between the two worlds is very wide – and it has been widening. It is a great contradiction of our age that such disparity exists at a time when global society has a better perception of the interdependence of the North and the South in a single world economy.           The South has not been able to eliminate poverty, hunger, disease, squalor and illiteracy. In fact, its social and economic conditions have deteriorated. On the other hand, the rich countries have become richer. Because of this, the South has become more aware and critical of the shortcomings of the existing international economic order. Leaders of the South believe that such economic orders favor more the rich countries.           The North-South dialogues have been going on for several years to resolve their conflicts of self-interests and to improve their mutual interests. But not many opportunities for economic development have been given to the South by the North. Expert ...

... by the industrial countries. With the existing trade restrictions against the exports of the developing countries, the latter cannot hope much to make their industrialization viable. There are no adequate foreign markets for their manufactured products. Their domestic markets are too small to absorb the products of their own industries. Their only option is to form an economic integration among themselves, like the European Economic Community.           In addition, the attainment of a strong industrialization program depends on the sincere cooperation and support of the transnational corporations. Without this presumption, the transnational corporations can easily knock down the industrial products of the developing countries in the world markets. Another difficulty is their poor technology. The transnational corporations monopolize modern technology which is vital in industrialization. From all indications, the developing countries’ bid for industrialization will encounter formidable obstacles. If ever, it will take a long time for them to industrialize their economies. And many poor countries can only hope against hope in the realization of their dreams of industrialization.  
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Princess R.

The North-South Economic dichotomy presented in this essay depicts countries of haves and have nots. Inequities on the wealth of nations will continue through time. It is part of the course of history.

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