Tuesday, October 10, 2017

Bridget Wallen responding to Joseph Stiglitz, "The Promise of Development"

Stiglitz elaborates on how underdeveloped countries need to focus on globalization with the help of the government. He thinks its important to know that development takes every aspect of society to help improve the different economic problems each country faces.
Stiglitz makes valuable points regarding how government needs to step in and have an 'active role' with development. The government has the necessary means to help societies get back up on the right foot, so that's what they should be doing. There needs to be a focus on unemployment, racism, and materialism, and the governement should be a large part of that. There is not going to be any changes made to these countries drowning in poverty unless we get the effort from everyone, all organizations. The problem is that already developed countries won't share their resources to the under developed due to ignorant ideas like racial injustice.
A large part of the separation between developed and under developed countries comes from the lack of education that is provided in these under developed countries. Stiglitz mentions how there is a gap not only in resources, but in knowledge. Knowledge truly is power, and that is why the intercedence of the government to promote investments in education and technology is so important. In the beginning of Chapter 2, Stiglitz states, "It's a typical scene in India, where much of the population is still illiterate...", this is a specific example proving the lack of education one of these underdeveloped countries consists of. What Stiglitz points out multiple times, and that I agree with is that we should promote development, but also we should also be protecting the poor.
A problem occurs in the lack of shared resources. Developed countries use way more resources than the developing do, which may be the reason they are under developed in the first place. Research shows that Americans use 20 times more resources than some countries like Costa Rica. If we just split the resources equally, or help to obtain more of these resources for the developing countires, than there may not be any countries left in need of development.
 http://odec.ca/projects/2004/ngsi4s0/public_html/Resource%20Distribution.htm
If the governments have the means to support the developing countries, why aren't they using their resources to improve the development?

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