How effective is the global’s solution to deal with the
large income inequality between develop and undeveloped countries?
Background
Globalisation arises when people and institutions from different
countries interact. International trade is one of the factors that drive this
process. Statistics have shown that the rise of globalisation lead to the
increase in income disparity between the rich and poor countries. Nations
Educational, Scientific and Cultural Organisation (UNESCO) identified this
problem that may arise due to the interconnectivity of countries, and tackled on
the aspect of education to alleviate this problem.
Thesis
I feel that educating the less privileged is an effective
tool to alleviate the problem of income disparity in the long run. However,
this approach is not as useful in the short run.
What leads to greater
income inequality between developed and less developed countries?
Globalisation is a process that includes people to move from one country to
another, the talents from the less developed countries will move to the
developed countries that provide more opportunities and prospects. For example,
Singapore provides many scholarship for the talents in other less developed
countries such as Indonesia, Vietnam and Myanmar and attract them to stay and
contribute to the workforce when they graduate. This causes the less privilege
people to be left in the country, causing the poor to get poorer.
Also as the technology grows, machineries that is viewed to
be more productive replaces the human labour, causing the people in the
manufacturing industries to lose their job.
Solution
Education for all is identified as a solution to deal with
the problem in income inequality. It can be seen from statistics that the
developed countries has a much higher literacy rate as compared to the less
developed countries, indicating that education is a way to alleviate poverty. However, the limitation of this solution is that it
requires a long time to see the result. Furthermore, it is recently identified that
the $26 billion per annum provided is not sufficient. Also, according to the
United Nation Report, 125 million school children around the world are unable
to read a sentence even after four years of attendance.
Improvement
(Corruption-limitation)
(Time-limitation)
(statistics-GDP of less developed countries)
Malaysia and Singapore as case study. analyse Singapore and Malaysia's growth as a result of improvement of education
Improvement
(Corruption-limitation)
(Time-limitation)
(statistics-GDP of less developed countries)
Malaysia and Singapore as case study. analyse Singapore and Malaysia's growth as a result of improvement of education