THE FUTURE OF GLOBALIZATION; THE THIRD WORLD PERSPECTIVE

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Among most of the 4.4 billion people living in Africa, Asia and Latin America, life has become a more desperate struggle for survival. The United Nations Development Programme (UNDP) estimates that 840 million people are malnourished, the great mass of them living in countries of the Third World.

More than half the countries for which statistics are available do not have enough food to provide all their population with the minimum daily requirement of calories. In some regions hunger has become far more general: across Africa the average household now consumes 25 percent less than in the early 1970s.

Between 1995 and 1997 only 21 out of 147 Third World countries recorded per capita growth of over 3 percent a year–the rate specified by the UN for reduction of poverty.

There are staggering inequalities. California alone has a gross domestic product (GDP) of equal value to that of China and India combined; the wealth of the world’s 15 richest people now exceeds the combined GDP of sub-Saharan Africa; the wealth of the richest 84 individuals exceeds the GDP of China, with its 1.2 billion inhabitants. There is no evidence to suggest that the ‘global era’ has brought prosperity, or even an alleviation of human suffering. On the contrary, even the conservative UNDP concludes that the picture is of ‘a backlog of shortfalls and gaping inequalities’.

 

Profile:

AYO TOLUWALASE SHEDRACH (AY TOES) is a 500 level law student of the prestigious Obafemi Awolowo University, Ile-Ife. As a former students` union leader, He is passionate about leadership and making impact in his environment. A product of societal investment, He continually does everything within his human reach to give back to the society. This consciousness has informed his decision to take positions of responsibility including Chairman of the Students’ Union Transition Committee of the Obafemi Awolowo University Students’ Union. He has never sacrificed nor compromised principles on the platter of privilege and He remains committed to making a difference in the world.

 

FUTURE OF GLOBALISATION: THIRD WORLD PERSPECTIVE

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Globalisation refers to the growing interdependence of countries resulting from their increased economic integration via trade, foreign investment, foreign aid, and international migration of people and ideas.

It is the integration of human and non-human activities.

Human activities considered here are cultural like language, food, dressing, belief and worship system, values; economic like business ethics, economic institutions, GNP and GDP per capita, tariffs, social capital (human, natural, physical) and political – political institutions, policies, philosophies, and leaders,  aspect of human sphere.

Non-human activities incorporate natural disaster and those other things that human cannot not directly have control over them like weather, climate, policies and spread of disease carrying pathogens and micro-organisms.

Modern globalization started after World War II but has accelerated considerably since the mid-1980s, driven by technological advances that have lowered the costs of transportation, communication and computation to the extent that it is feasible for a firm to locate different phases of production in different countries.

Though it has boosted economic growth, not all countries are equally engaged or in a position to benefit from it. Developing and third world countries are far too slow to integrate with the world economy. Moreover, for countries engaging in globalization, the benefits come with new risks and challenges.

 

Globalisation and Sustainable Development

The current trends in globalization do not encourage sustainable development to all countries that participate in it.

Arguably, the most critical problem of sustainable development—in each country especially the third world, as well as globally is eradicating extreme poverty. That is because poverty is not only an evil in itself. It also stands in the way of achieving most other goals of development, from clean environment to personal freedom. Another, closely related, global problem is establishing and preserving peace in all regions and all countries. War, insurgency as well as poverty, are inherently destructive of all economic as well as social and environmental goals of development.

 

Globalisation and Climate Change

Presently, climate has increased at a rate that has defied predictions. The ecological system is unable to adapt to changing temperatures and precipitation patterns and people have suffered and those in poor counties have suffered most, being less prepared to cope with the changes. Many third world nations fall into this category and their access to safe water worsen and water aid estimates that more than one billion people lack access to safe water. Tropical diseases have spread farther, drought is more frequent and intense in Africa and Asia and flooding is and will likely become the biggest problem in temperate and humid regions as witnessed in last month in South Asia. The rising in sea level have displaced and kill tens of millions of people in Bangladesh alone and Low-lying Islands in the Caribbean and the pacific. Climate change is also the reason for the recent hurricane Mathew in Haiti.

 

Profile:

Kingsley Aniefiok George is a development facilitator with skills in Advocacy, Communication, Mobilization, Participatory Appraisal, Consensus building and Partnership development across diverse working groups.

He has vast experience in community-oriented programming. He has an Msc in Development Studies and he is a Fellow of DESPLAY Africa’.

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