The essay process

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