The price of development...

Originally posted by: seoulbeats

The developed world is fundamentally responsible for poverty in developing countries. What say?

Originally posted by: Vintage.Wine

Soul

You are responsible for making me scratch my head Sheesh! Here comes another lice that badgered me for long 😆 Thank you I'm Feeling better now ..☺️

Well Soul ..actually ...The developed nations can't afford to to keep the people in the developing world pauper ...The reason is fairly simple ...Most developed markets have reached a saturation point ...The giant companies there ...That are the engines of their debt ridden economies ...They can't afford to keep printing more currency ...The interest rates too are near zero ...And the debt markets are on the verge of a collapse ...

So if they want their companies to sell their exy products ..they can only look forward to getting newer customers ..Wealthier the better ...So that they can slug em and sell em their products to support the hefty compensations they pay to their employees. ...

What happened to GM , Chrysler in 2008 is the proof of that ..What happened to Bear Sterns is the proof of that ...The governments there are despaired ...They can do more Quantitative easing ..or offer more rescue / austerity packages ...Their economies would dwindle ...Like it happened with Greece , Portugal and many other nations.. Even the US lost it's AAA rating ..France and Germany face the same risk ..

The chains like Walmart ..that are sprawling relentlessly across all geographies would like the people there to be wealthy...and able to have more disposable income ... The markets where the Growth is the possibility ..

So I believe Developed nations ain't responsible for such things...Having poor people with empty wallets is their worst nightmare ...

Hahaha ..Can't believe I'm on a debating spree ...Blame it all on that Carrot juice I had a while ago ... Moreish it was ...And the focaccias too... Yum Yum ... 😃

Originally posted by: sarasingh86

i disagree. Fate of the country depends on literacy rate, system and political /economical policies. Other countries might effect but cannot play such significant role unless they are tightly coupled in terms of trades to great extent

Originally posted by: Vintage.Wine

Sara

I ll agree with your disagreement with alacrity ...But it seems like everyone is agreeing with everyone else on everything a bit too much ...Too much agreement to sounds scary too. 😆

Okay ...Looks like I have finally found something to disagree with. Your last statement : unless they are tightly coupled in terms of trades to great extent <<< of course the economies around the world are coupled with each other. World is a global Economic village now ...A symphony composed with economic tunesof many nations together ... that every nation dances to ...If one tune is outta rhythm ...the whole symphony starts to sound strident 😆

Yeah very tightly coupled they are 😛 Much like Me with my Bf / GF 😆

The exception being the Nations whose economies rely solely upon the amount of weed they produce ...😆 << Kidding here 😛

Haha Keep making such seriously cute posts 😛 I like em 😃

Originally posted by: sarasingh86

@Bold - I meant , it depends how much developing country is dependent on developed one in terms of trade(Import n export) . It matters in that case. Being self dependent to is important but entirely relying on basic day to day things is hindrance to development.Otherwise yes I agree that every country is involved with almost other to extent of seeking benefits.

I have completely forgotten.Were u in BB5 forum😕

Originally posted by: Vintage.Wine

Sara 😛

Haha ..Yeah you illustrated that pretty neatly ...Must extol ya for your endeavor to enlighten me even when I'm pickled 😆 .. Yeah Self dependence it is ..The Key word 😛 So are you a Developed Girl ? Or a Developing Girl ? 😛 I mean self dependent or still rely upon others like em! The parents / Husband / Children ...for living 😛 <<< Sheesh! I'm kidding there ...

BB5 ? Oh! yeah that riot of a show ..Haha ..No actually I was behind the slammer those days 😛 and they didn't allow us prisoners such privileges .. I mean watching TV shows and Partaking forum discussions etc 😆 Sad people we are

Haha Never mind .Forgetting things is my forte too 😆 It takes me 2 hours each morning to remember who I am ..😆