At least half of the global population live in poverty with half of this population living in complete destitution, living on a dollar a day and at risk of death by starvation or disease. One billion people live without access to safe drinking water and two billion people live with no sanitation. (Ukpere, 2014) Global poverty is an increasing problem in the world and the goal of ending poverty is elusive. Solutions to poverty cannot be based exclusively on economic policies as there are both monetary or monetary plus non-monetary components of poverty such as hunger, disease, lack of education, government corruption or natural disasters which contribute to the problems that make the lives of those living in poverty more difficult than those
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(Pharmaceutical Journal, 2015) The current development goals are: to eradicate extreme poverty and hunger, universal primary education, gender equality, reduce child mortality, improve maternal health, combat HIV/AIDS, malaria and other disease, environmental sustainability and to develop a global partnership for poverty. World Bank, 2015) However, these goals will not be met by just fair trade or just free trade. It will require the combination of assistance from foreign countries to improve the standards of living in the developing world. All three have many positives and many negatives when it comes to their effectiveness in eradicating poverty however the hard part is deciding how to use each to most benefit each individual developing country.
The major problems with free trade and foreign aid are that they can result in the developing world being exploited and being a major money maker for the already developed world. However, this is the case only when they are not implemented …show more content…
Those countries who wish to develop manufacturing industries often struggle to compete on an international scale, especially when competing with the Asian market. (Love, 2009) This can result in them having to also set up tariff protection schemes to allow them to expand their industries and compete worldwide.
One of the most astounding negative impacts free trade can have on the developing world, however, is the terrible impacts it has on the environment. A rise in corporate farms can increase both pesticide use and consume a greater amount of energy, pushing the agriculture into smaller land mass. The largest source of CO2 emissions are transportation, industrial production and deforestation, all of which are soon to be results of free trade. [Verdier & Jean-Yves] Figure one clearly shows the increase in greenhouse gas emissions generated by the activity of humans
throughout the past
(Pharmaceutical Journal, 2015) The current development goals are: to eradicate extreme poverty and hunger, universal primary education, gender equality, reduce child mortality, improve maternal health, combat HIV/AIDS, malaria and other disease, environmental sustainability and to develop a global partnership for poverty. World Bank, 2015) However, these goals will not be met by just fair trade or just free trade. It will require the combination of assistance from foreign countries to improve the standards of living in the developing world. All three have many positives and many negatives when it comes to their effectiveness in eradicating poverty however the hard part is deciding how to use each to most benefit each individual developing country.
The major problems with free trade and foreign aid are that they can result in the developing world being exploited and being a major money maker for the already developed world. However, this is the case only when they are not implemented …show more content…
Those countries who wish to develop manufacturing industries often struggle to compete on an international scale, especially when competing with the Asian market. (Love, 2009) This can result in them having to also set up tariff protection schemes to allow them to expand their industries and compete worldwide.
One of the most astounding negative impacts free trade can have on the developing world, however, is the terrible impacts it has on the environment. A rise in corporate farms can increase both pesticide use and consume a greater amount of energy, pushing the agriculture into smaller land mass. The largest source of CO2 emissions are transportation, industrial production and deforestation, all of which are soon to be results of free trade. [Verdier & Jean-Yves] Figure one clearly shows the increase in greenhouse gas emissions generated by the activity of humans
throughout the past