Skip to main content

Is the Misfortune for the World Poorest Countries Self Inflicted or Externally Instigated

A country's poverty index is conventionally measured with reference to national or individual income; this means a country’s level of development is gauged by its per capita gross domestic product (GDP). Alternatively can be measured according to the number of people living on less than $1.25-$2.00 a day. Concurrently some critics have argued that this focus on GDP is narrow & flawed for at least two reasons, they argue: 1. It overlooks the multiple factors, such as good health, or personal liberties — that make up a complete human life. 2. It can encourage policy makers to foster economic growth without regard to the consequences — exacerbating social inequality in the process, for instance, or sacrificing environmental standards at the altar of rising incomes. (Sounds really familiar)! I happen to agree with the critics, because I have always been skeptical when I hear a country claiming high GDP growth, with no real tangible growth at the bottom (the common citizen) not feeling the benefits of "the high economic growth". This to me (high GDP growth) without the common citizen feeling the fruits of it, if you will of the economic growth is not a holistic view of development & I therefore agree with critics that income alone as economic growth indicator is a crude indicator of well-being. An Oxford study, For example, measures not just absolute numbers of the poor, but also seeks to capture the intensity of their poverty. A country’s ranking is determined not just by how many poor people it contains, but how poor they are. This to me is the holistic view of development because it allows policy makers within a country to break down poverty into simpler & manageable units for ease of addressing it. For instance, say better understanding by regions & can easily be tackled more effectively & efficiently. This brings me to the list of the 20 poorest Countries in the world, these rankings below were published by International Monetary Fund’s 2013 gross domestic product per capita (GDP per capita) report and reflecting the countries with the lowest purchasing power parity (PPP). Just as reference a country with GDP per capita of $765 dollar or less is defined as low-income or poor country. 1. Democratic Republic of Congo (formerly Zaire) - GDP per capita $394 2. Zimbabwe – GDP per capita $589 3. Burundi – GDP per capita $648 4. Liberia – GDP per capita $716 5. Eritrea – GDP per capita $792 6. Central African Republic – GDP per capita $827 7. Niger – GDP per capita $853 8. Malawi – GDP per capita $893 9. Madagascar – GDP per capita $972 10. Afghanistan – GDP per capita $1,072 11. Mali – GDP per capita $1,136 12. Togo –GDP per capita $1,145 13. Guinea – GDP per capita $1,162 14. Ethiopia –GDP per capita $1,258 15. Mozambique – GDP per capita $1,262 16. Guinea-Bissau – GDP per capita $1,268 17. Comoros – GDP per capita $1,296 18. South Sudan – GDP per capita $1,324 19. Nepal –GDP per capita $1,347 20. Haiti –GDP per capita $1,358. The common denominator here for most of these nations is political instability, & internal conflicts either "internally" or "externally" inflicted. However, some countries in this list make me wonder why they are in this list in the fist place?, for instance Guinea is the second largest producer of bauxite in the world and is known to have rich deposits of gold and diamonds. Another one is Mali It is the third largest producer of gold in the African continent, so one wonders where is all revenue from Gold go to?. Then you have the Democratic Republic of Congo (formerly Zaire), endowed with wealth of natural resources, including in addition to diamonds, cobalt, copper and petroleum, farmlands, & forests. Obviously, for the case of DRC we all know of the infamous "Conflict Diamond/blood diamond". There is a debate that underscores the mining/extraction & export of natural resources might be contributing to internal conflict & hence destabilize some of these countries & enhance create an environment unsuitable for sustainable economic growth. Here are couple questions I will like to get some inputs: 1. If this is the case, who is responsible for this, is it local leadership & politics? 2. The "trading walls"? , what I mean by this is for example for the case of DRC, it is believed that DRC does not have the capability of cutting and finishing the rough diamonds that are extracted from its territory, most exporting activities are handled by third parties, usually diamond exporting firms from Western countries. Also using DRC as an example can this economic arrangement be viewed as an expression, if not an extension of this historical misfortune? 3. Why has the call for legislative controls on the diamond trade have come from only non-governmental organizations throughout the world, and fallen to "deaf-hears”? I will love to hear your insights on this. Thanks pals!

Comments

Popular posts from this blog

The Alchemist - Amazing "To Realize One's Destiny is a Person's Only Obligation"

My good friend Ekeh popularly known as "THE CHAIRMAN" is a big fun of the Alchemist and he recommended this book for a read. On September 21st 2008 on my way back from Minneapolis,at Minneapolis/St. Paul International Airport, I happen to miss my flight which was departing at 4:45pm CST, even though I was in the airport 30 minutes before departure. I was definitely upset but since I was with a good friend and the great time we had together I tried to control myself and paid without question a fee that allows me to be put on standby list; usually uncharacteristic of me to just agree without speaking my mind. so I saw my good friend off their flight to MILWAUKEE and then I came back to wait for my standby flight 3 hrs later from my initial flight. I Had just finished reading another book "How to win friends & Influence people" - actually this book had some influence on my way of reacting to the situation than I usually will i.e. not argue especially since I was t

The Bottom Billion

The Bottom Billion By Paul Collier, A Professor of Economics at Oxford University is a very elaborate piece of work that clearly nails down the issues that drags the economies of the developing world and in particular “the bottom million” economies. You may be wondering what the “bottom billion” is, it simply refers to countries whose their economies has stagnated for the last 40 years and they account of one-sixth of the world population. As you may be aware that our world has a population of 6 billion people. If you care about poverty in the world this one is a must read book. Professor Collier lays down the main hindrances to economic growth in the countries of the bottom billion as he refers to them as traps and I will list them here: 1. The Conflict Trap – he explains that all societies have conflict, but they can trap a country in poverty. - I agree with Professor Collier that Civil war is costly and so is a coup d’état, very challenging to recover from especially if a country e

MY HEART BLEEDS FOR MY COUNTRY KENYA

Am lost and without words, i can't fathom the post-election mayhem that was just witnessed in my lovely Country Kenya. I pray that God will heal the broken hearts for all those who lost their loved ones, which is really Kenya as a country has lost beloved ones in this ugly scene, the darkest week in the history of our country since Independence. God help Kenya. who is to blame for all these lives lost? this is the big question, could it be President Kibaki of PNU or could it be Mr. Raila Odinga of ODM? For sure, i don't care whether president Kibaki rigged the election, which of course seems to be backed by all evidences. However, though if Raila was a true democrat I will have expected him and other ODM leaders to have moved quickly to try and speak to their supporters to end the skirmishes. However, either willfully or not ODM leaders failed to move in to stop the Killing, this is not to imply that they in sighted their supporters, NO. My statement here is that as true democ