Discussion #3 Assignment Example | Topics and Well Written Essays - 500 words

Discussion #3 - Assignment Example Natural resources of Africa are exploited due to the fact that it would allow industrialization in the European region to grow at an improved manner. Furthermore, human resource is exploited because of the cheap availability of labor services in Africa. Consequently, this has also lead to slavery, as the poor African people were forced to serve the Europeans at an extreme level output with minimum possible rewards. Accordingly, the European nations are facilitated with the opportunity of performing trade and other business operations with reduced cost of production, which resulted to the economic growth of the same. In addition, this has resulted to the infrastructure development of European nations. The process of exploiting the resources has also simultaneously assisted in the development of the roads and railways. Subsequently, the development of the economic conditions and infrastructure of the European nations has led to the creation of increased job opportunities for the people of Africa (Ohaegbulam 50-256; Inikori, n.d.). Political Motive. With gradual success in trade by exploiting the resources of Africa, the European nations tried to gain political advantage over the African nations. This was mainly because of inclining the political power balance towards the European nations. The need for the political power was extremely important for each and every nation in the 19th century because of frequent occurrence of wars amid the countries. With the beginning of the 20th century, there were several wars and most notably the two world wars. These have made an extreme need for armed force. Thus, the people of the African origin were used extensively for the purpose of defense. Furthermore, most of the countries are divided into several states and thus, there was a need of political advantage. It can also be noted that the need for proper administration or even strict administration of the labor forces in Africa had assisted European nations to

Globalization and Poverty Essay Example | Topics and Well Written Essays - 1000 words

Globalization and Poverty - Essay Example Consensus is there regarding the mission plan of these strategies for the eradication of poverty however the various different actors in the scenario do not agree on the framework and the methodologies in which these strategies have to be implemented for achieving the goal. According to Kanbur the reason behind this trend is the fact that the people who are at the forefront of this cause are themselves not sincere to it and are more concerned about their own interests (1093). There exists an evident difference of opinion between the two parties involved in the process of eradication of poverty in various regions of the world. The various institutions involved in the process of eradicating poverty have been divided into two groups by Kanbur, one who control the policies and play the decision making part in the process include the IFI’s, banks and financial ministries. ... itely the most pivotal in the whole scenario and must be addressed if a consensus has to be developed, so Kanbur’s analysis can be utilized to find out the root cause of the whole situation. Milanovic however argues that the ideology behind the whole process has been shaped by the IFI’s and the banks and there is nothing wrong with the whole idea of eradicating poverty but the only issue is the correct implementation of this idea which is not being done at present. Milanovic has very effectively pointed out the deficiencies of the current approach with the help of facts and figures which show that despite the continued involvement of IMF and other International Financial Institutions the results are not very encouraging. Not a single African country has managed to increase its GDP while working under the IMF and other international bodies, while some of the countries have hit new lows in their history since 1960’s. Milanovic has also mentioned the other factors w hich are responsible for the poverty of various communities living in rich economies. Europe made economic progress when it managed to attain roughly a uniform culture in all the countries and that’s why we cannot find the native culture of various regions anywhere. But the various communities like the Chinese and the Muslims who migrated to the European countries were never accepted by the native communities and were not allowed to prosper well (669). With the popularity of the concept of globalization, the international financial organizations (IFOs) are increasingly involved in determining the economic policies of countries. The International Monetary Fund, World Bank and other bodies of the United Nations (UNDP etc.) have their own poverty reduction plans for different countries according to the