Should Countries with Strong Economics Support Countries Experiencing Financial Difficulties - Essay Example

First, developed economies have integrated their labor in that they use machinery and technology. In many underdeveloped economies, most sectors use manual labor in production. This is a setback, as the production is not optimized. For example, most of the poor economies use manual laborers in farming and in industries. This requires a large number of people to effectively enhance production. However, with the help of developed economies, the poor countries will realize the need for a sophisticated mode of operations. For example, the poor countries need to incorporate mechanized farming, which will reduce both time and cost taken to prepare and produce agricultural goods. In the meantime, they will have optimized their agricultural production, which will improve the economy. Similarly, the developed countries should help poor countries emulate many more modern farming techniques. As such, the poor countries will start investing in agricultural inputs including fertilizers and improved breeds as well as seeds.

It is noted that agriculture is a strong economic pillar for poor countries. Therefore, this sector will attract immense attention especially when developed countries would want to help. Though poor countries would wish to improve their agricultural prowess, they do not have the required workforce and incentives (Collins 2011:25). Therefore, it is highly advised that developed economies should help in sensitizing the poor countries on the need to improve their agricultural skills. For example, poor countries have large chunks of land that are untapped. Improving the agricultural sector will pave way for massive production. This would be a prudent idea since it will help the developed countries in the provision of raw materials for production. This will improve both bilateral and multilateral trade in the world. Apparently, it is realized that many developed countries have many industries that require raw materials. Since these industries need raw materials, improving bilateral and multilateral trade will be a solution to the scarcity of raw materials (Wodon 2012:34). In essence, both developed and poor economies will benefit from improvement in agriculture, as there will be a balance of trade.

In the modern world, global climate change has been a thorny issue. This is highlighted owing to an immense increase in pollution of the environment. Apparently, most of the developed countries are spearheading the need to reduce pollution in the world since it has affected the global climate. However, some of these actions are not reiterated to the poor countries. In fact, countries experiencing financial difficulties have limited resources in controlling pollution. Bizarrely, pollution in some parts of the world would affect the climate, which later affects the whole world. As such, strong economies should allocate resources to help reduce pollution in poor economies. This would help in reducing the effects of pollution.

It is noted that strong economies in the world are grumbling for better healthcare, improved income, better working conditions, and improved education systems. However, in the countries faced with financial constraints, such are luxuries. For example, in some of these countries, access to healthcare is a problem. People have to travel long distances to access healthcare services. This is taunting since they also have to face other hurdles that include inaccessible modes of transport. This affects the economic development of the country in a number of ways. First, the population struggling to stay healthy will have divided attention. As such, they will not concentrate on making economic development. Secondly, such countries have poor modes of transport. As such, there are many delays in transporting produce from one place to another. This also affects the returns on economic activities, as some products are perishable. Thirdly, the population has low returns owing to inconsistency in supply and demand. As such, there is a low improvement, especially when improving the value of goods. Help from the strong economies could annihilate this situation and improve the poor economies. For example, there is a need for improved healthcare, accessible roads, and an increase in the number of industries to process and manufacture other products.

Strong economies do not need to isolate themselves from poor economies owing to incumbent situations in some poor economies. For example, some of these economies have severe droughts, scarcity of resources, famine, war, and conflict. These problems need sophisticated solutions, which could be achieved with help from strong economies (OECD 2007:12). For example, strong economies have to help through ethical obligations. For example, they need to help end conflicts and war where they exist. It is realized that countries will only develop when there is peaceful coexistence. Similarly, they have to consider advising the famine struck countries of the possible economic activities. In conclusion, strong economies need to assist poor countries in realizing economic growth, resource allocation, and improvement in living conditions. Aligning such aspects will help improve the situation in poor countries. Apparently, this will also help the strong economies, as they will have paved way for bilateral and multilateral trade.