Issues in World Development

World Development 1
ISSUES IN WORLD DEVELOPMENT
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World Development 2
Development is the process in which people improve their standards of living through
economic growth, poverty alleviation, affordable health care, good infrastructure, political
stability and good quality education (Mundial 2014). Over the last two decades, the world has
highly changed with more nations adopting technology to boost their economic growth; this has
seen countries with a high technological innovation grow at a very fast rate while those with less
technology penetration such as African countries have registered slow growth.
I disagree with the statement that the theory of comparative advantage in international
trade is not helpful to developing countries that are trying to advance their level of development.
Comparative advantage will enable each actor in international trade to produce their products at
the lowest opportunity cost (Soskice 2001). When the concept is embraced less developed
countries will specialize in producing products that require little investment without receiving
any competition from the developed nations, this will see countries like Japan specializing in
automobiles while Kenya will specialize in agriculture.
I agree with the statement that growing inequality is a threat to democracy. Over the last
decade, there has been stiff competition between the world economic leaders on who is to
dominate Africa (Oliver and Shapiro 2013). Almost each third world country owe huge debts to
one or more of the world’s superpowers. The debts have accumulated to an extent that these third
world countries are unable to pay them, therefore, they are manipulated by the lenders to part
with their natural resources such as minerals in order to clear the debt.
I disagree with the statement that the probability of violent conflicts to occur is higher in
more prosperous society. Gupta (2012) argues that for prosperity and success to prevail a cordial
environment must be provided. In a prosperous society, people will look for all logical means of
solving differences which may include settling them in a court of law and therefore they are