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most of the third world countries are facing poverty, social, education and their healthy probelms. so, me and my freind plan to design a website that can let ppl more understand the situation at the third world countries and the solutions to help them. however, the information that we found yet not enough. we need the detail infomation that descride the how the ppl at the third world countries live everyday...what is their economy activity...and how their social are...if u got the infomation...please share with us...ok?you can oso leave the website at here as well, and we go to check it up ourselves...thanks! :-)

2007-03-10 13:04:15 · 2 answers · asked by San 2 in Social Science Economics

2 answers

illness because of contaminated water,
poverty, and lack of security

Understand the saying " the rich get richer and the poor get poorer" ?

Poor peple make a hat for 3 cents, you buy it for 50 dollars.

2007-03-10 13:10:09 · answer #1 · answered by Anonymous · 0 0

One of the largest problems faced by third world countries is the lack of infrastructure. In many countries, there are not suitable roads to transport goods through, there is insufficient supplies of clean water, there are insufficient sanitary measures in place to prevent the spread of disease, and so on.

The other largest problem faced by these countries is the lack of a stable government that protects property rights. In the United States, we take for granted the fact that if someone wrongly takes our stuff, we have a way to go about getting it back. In third world countries, it is not that way. Whole factories can be simply taken from a firm without any payment, causing industries to simply avoid moving into a certain country. As a nation industrializes, it generally begins to improve, because jobs begin to be created, which allow for a better way of life. But if property rights aren't protected, there is a big disincentive for a firm to place a factory there, especially when you couple this with the fact that transporting the goods once they are made is hard as well.

In order to improve third world countries, stricter policies on foreign aid must be established. It is the case now that those countries that are improving are rapidly weened off of foreign aid, while those countries that continue in their poverty are given more aid. While this sounds fair, it is not. It creates an incentive to be wasteful. Why improve your country if you will lose foreign aid, especially when your government corruptly pockets large portions of it? We ought to continue giving to countries that improve in order to bring them up to a point that stabilizes them. Countries that corruptly misuse the funds ought to get nothing. This would get the most impact for our money and would actually begin to improve the lives of some people in certain countries.

2007-03-14 10:35:27 · answer #2 · answered by theeconomicsguy 5 · 0 0

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