The United States current economic status has improved from 2010 to 2012, as far as, unemployment rates, consumer income, and (lower) interest rates are concerned. When we examine the Gross Domestic Product, we are continuing to increase the United States debts. In 2009, the United States estimated GDP (purchasing power parity) was $14.38 trillion, which increased $0.44 trillion in 2010. From 2010, the GDP at $14.82 trillion increased $0.22 trillion, putting the U.S. at 15.04 trillion in debt (Stephanie Mandell, 2012).…
There are some countries in this world with a GDP less than $750, with populations earning less than $1 a day, life expectancies barely reaching past 40 years old and devastatingly poor levels of health care, school enrolment and adult literacy rates. These are the defining indicators of people living in low developing countries (LDC’s). Populations living in poverty and the majority with an income too small to accommodate their basic needs and the resources in the national economy, even when equally distributed are not enough to provide a sustainable living for the population. Of the 50 countries recognised as LDC’s, 33 are found in Africa, south of the Sahara with 374 million living on an income of less than $2 a day. It seems that without a doubt these countries need assistance from the rest of the world in order to develop, but the type of assistance in order to enable this development more effectively is still being carefully speculated. While governments and non- governmental organisations continue to give more and more aid to these countries, it seems perhaps aid isn’t the only solution to and we should look at examples such as the Asian tigers to comprehend how encouraging trade and foreign investment is the real answer to helping these LDC’s address their problems.…
Gross National Income- measure of the total value of the officially recorded goods and services produced by the citizens and corporations of a country in a given year…
Easterly explores just how helpful foreign aid actually is. He first assesses the the legend of the “poverty trap.” Through comparing growth rates between the poorest fifth of countries and the other four fifths, Easterly explains that there is no distinguishable difference in the rates. Perhaps the strong case of evidence against the poverty trap legend is that eleven out of the twenty-eight poorest countries in 1985 were not in the poorest fifth in 1950. This means that instead, countries had declined from above; while those thought to be in the poverty trap have actually emerged ahead. Thus, there cannot be such thing as a poverty trap. Easterly does take into account individual cases such as Chad and the Democratic Republic of the Congo which experienced zero and negative per capita growth rates respectively. However, those seem to be outlying cases that are present in almost any type of research. Botswana strongly supports Easterly’s argument against the poverty trap. Botswana went from being the fifth poorest country in 1950 to increasing its income thirteen times by…
Belgium saw them as an easy target with big profits and imperialized. Belgium, as a western nation, also agreed to the ideas of Social Darwinism, the belief that the white European was better than the rest of the people in the world, chiefly based on their physical features. Simply put, they were racist. Most Europeans fell into this belief, but the Belgian people took this to an extreme. They enslaved the native people of Congo in their own country and forced work upon them. Quotas and taxes were created to ensure certain amounts of raw materials were gathered and harsh punishments were put into action for those who didn’t complete or meet their requirements. According to Mark Twain, “The amount of rubber needed to meet the tax requires the men to work for up 25 days each month harvesting the wild rubber vines in the Congo forest” [3]. According to this that would leave only 5 days a month for “regular” life for the Congolese people. They did not have the time or resources to educate themselves, make money, or to develop. In 1908 the Belgian government gave the natives better treatment, by taking away the direct ownership of the nation from Leopold and they made it an official colony of the Belgian government [4]. This decision came through by putting humanitarian pressure put on King Leopold. Conditions improved, schools, hospitals, and roads were built, but the cruelty and racism was still their because of the history they had of it. Also, the punishment, crimes, and cruelty was all that the people understood because they were forced to live in it their entire lives, and it was a hard to shift back. Even in today’s world, this industrialization and these policies have left a scar on the Congos. In both the Republic of Congo and the Democratic Republic Of Congo there is still political unrest and constant violence. On December 17, there were 22…
|Related Issue 2: To what extent should contemporary society respond to the legacies of |…
countries in the world being in debt $1,448,000,000.00: 34% GDP annually, the debt per person is $17,200,000.00 US, and annual income of only $440 per family. Being in debt…
Imperialism is the ideology that drives the Europeans in the “Heart of Darkness” towards the Congo for its ivory. In the Congo, the only things worth paying attention towards are those that provide monetary benefits, and this can be seen when Conrad states “Some, I heard, got drowned in the surf; but whether they did or not, nobody seemed particularly to care.…
In the United States everyone depends on technology and money to survive. In most countries it is the same way, but in others not so much. Take the Democratic Republic of Congo for instance; they don’t have all the computers or the money to do what we are able to do. They are forced to mine for coltan, just so we are able to surf the internet, talk on the phone or text, but at their expense. Coltan miners are paid very little, they live in poverty and have very limited freedom. I think this is very bad treatment and can make the workers scared for themselves and family, but also feel very trapped for they can’t leave without being killed by the Kwanda soldiers. We should appreciate more, instead of taking it for granted, that is one way the USA is connected to Africa. Another way we are connected to Africa is through fair trade chocolate!…
When the U.S. takes part in this, and borrows money for foreign countries, interested on the borrowed money is liable to the U.S. as well. Because the United States is forced to pay interest on said borrowed money, the costs of many programs overall rises. This increased national debt affects the credit rating of our country and the ability to compete in the ever-growing global economy (DiLascio). With this in play, if the U.S. were to be pressured to cut back borrowing, by fifty percent to approximately $400 Billion per year, the U.S. dollar’s trade weight could easily decline anywhere from twenty to twenty-five percent ( Foreign Holdings…
Imperialism can bring forth positivity such as methods of transportation and communication or improved sanitation and modern technology. Yet there are extremely horrific outcomes of imperialism. Allow me to shed light on the dark perils of imperialism imposed upon the Congo by King Leopold II, with which I disagree, through the years of 1885 to 1908. If one leaves it to King Leopold II of Belgium, his intentions were pure. All he wanted was to improve the living conditions of the poor people of the Congo. However, King Leopold II was a ruthless, capitalist, tyrant.…
Why are American tax payers forced to cut education for our children, cut social security, unemployment, not fight hunger and homelessness within our borders to support a country that has no regard for females? And is the everyday American citizen aware that this is happening? In Democratic Republic of the Congo by usaid.gov it states, “To date in FY 2014, the U.S. government (USG) has provided more than $160 million in multi-sector humanitarian assistance to DRC, including food assistance; emergency relief commodities; and water, sanitation, and hygiene (WASH) support. USG humanitarian assistance in DRC benefits IDPs, refugees, and other vulnerable and conflict-affected populations.” Nowhere in this article does it state that any aid from the U.S. contributes to the abolishment of human, or sex trafficking during a time when the U.S. has acknowledged that Congo is not showing they are fighting sex trafficking within its borders. There is also no mention of U.S. aid going to building an education system within Congo to educate the citizens to break the cycle of…
36% of Africans live on less than a dollar a day. 20% of the population is undernourished. However, people in foreign countries can help the poorer people by donating to trustworthy charities, and giving aid to the poor Africans who need it the most. Critics of aid say that giving aid to Africans creates stereotypes and doesn’t focus on creating a good economy of government. But it is more important to keep people alive than to create a good government and economy. You need able, healthy citizens to create a good workforce for a country, which is extremely difficult in Sub-Saharan Africa without foreign aid. Aid is needed in Africa because many people would die, it helps to get better death rates and accessible healthcare, and giving aid to keep people alive is more important that improving government.…
We can draw many different conclusions based on the numbers above, one being that the U.S GDP numbers are significantly higher; the amount of military spending is also significantly higher along with the percentages. One reason for this is that the US has more money to spend and all in all is a wealthier country. We can look at the other economic states of each country and try to add a correlation between them all, Russia has about the same percentages as the US but is about 12.4Tn less in GDP than the US. Japan is only spending .8% on Military but we all know that they are also limited and have heavy restrictions on what they are allowed to spend. Brazil and North Korea are two countries that are very hard to analyze because most of the data given does not give direct correlation of one another so in my opinion we can only really compare USA, Russia and possibly…
The Belgians of the Congo Free State in Africa obtained a vast amount of riches; however, much of it was taken out and brought back to Europe. Belgian ruler King Leopold made himself the dictator of the Congo and spent the riches to form what was nearly his own private colony, the Congo Free State. As we look at how Belgium profited from the colonization of Congo, I am going to refer to the books and films we used in class to help explore and define this topic more proficiently.…