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Thursday, May 13, 2010

ECONOMIC AID FOR DEVELOPMENT-DONORS' CREDIBILITY AT STAKE!

Countries, who are low in the list of those based on prosperity are afflicted by many economic and developmental constraints and if those well-to-do fellow nations do not give a helping hand poverty, malnutrition and diseases are going to over come this planet one day or the other. Economic assistance and cooperation are key prerequisites for uplifting the living standards of people living in these countries and developed nations have every thing to gain by extending such help to their less fortunate brethren that will ensure peace and tranquility across the world.

"This is not just an issue of morality. It is also one of strategic leverage. Rich industrial nations have promised even more aid to developing countries to try to persuade them to curb carbon emissions — stop chopping down their forests and switch from dirty coal to cleaner fuels — and tackle climate change. Given the G-8's track record, poorer nations are right to be skeptical. In 2005, the rich nations pledged to increase development aid by $50 billion in real terms by 2010, to roughly $145 billion per year in today's money. Now the time has come and they are $20 billion short, according to estimates from the Organization for Economic Cooperation and Development. Of the $25 billion in additional aid promised to Africa, only $11 billion has been delivered".

The thinking that human race on this planet is united in safe guarding its uninterrupted existence must inculcate a feeling of universal brotherhood, collectively striving to bring about equality amongst the inhabitants. There might be many historic reasons why some countries lag behind others in the developmental scale and unless there is global cooperation no country, how ever affluent it may be, can close its eyes to events happening out side its borders. The world has become a "global village" and it is foolish to imagine that one can insulate oneself from the global happenings, good or bad.

V.H.POTTY
http://vhpotty.blogspot.com/
http://foodtechupdates.blogspot.com

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