Development for underdeveloped countries

 

Development for underdeveloped countries
By Parisha Ranabhat

It is a dream of poor countries to achieve economic development. They want to drive their countries on the smooth path of all-round development. But it is easier said than done. Poor countries must work hard to uplift the basic infrastructure of their countries. Without developing those infrastructures, real economic development will remain an illusion and far from reality. Among many important infrastructures, three sectors of the economy—health, education, and trade—must be taken with utmost sincerity. 


The health sector is important in the sense that if most people are healthy, they are fit to make physical contributions. However, in poor countries, the health sector is in a poor state, and most people struggle even for minor ailments. Time wasted on treatment is time lost for their physical and mental contribution for the country. This is not the case with rich countries. 

Poor countries should also pay heed to improving the education sector. Let’s not forget that the education sector is the powerhouse that produces skilled manpower for the country. Highly skilled people such as doctors, engineers, technicians, scientists, managers, lecturers, and so on and so forth are the result of the quality education sector of the country. These countries have power to take the nation to another level. 


The trade sector cannot be ignored at all. It is trade that directly creates wealth for the nation. More exports will lead to accumulating more wealth, and finally the country will be wealthy and prosper. If most countries in the west are wealthy, it is because of their trade. For the development of infrastructure in the country, more money is needed, and trade is the one strong way to earn much needed cash. Hence, the development of the trade sector is necessary for the economic development of poor countries. 

I would rather stand against the policy where many poor countries depend on rich countries for their economic development. This policy will take them nowhere, and they will always remain poor and backward. Even a single example is not available where a poor country depended on a rich country and eventually the poor country became rich. To support my logic, I would like to give an example of my own country, Nepal. Nepal started depending on rich countries since 1951. Today it is 2024, and Nepal still does not have its own stable and independent economy. The Nepali economy largely depends on the Indian and Chinese economies. However, such countries as China, India, South Korea, Japan, Singapore, Thailand, Malaysia, and so on largely utilized their human resources and natural resources and attained economic development. 

Thus, in my conclusion, poor countries should not depend on rich countries for their economic development. Rich countries will only exploit poor countries in the name of economic assistance.


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