In the current global economic climate, countries with strong Essay

In the current global economic climate, countries with strong economics should support countries experiencing financial difficul - Essay Example There are various reasons to cite for the need of external help from the developed economies. First, developed economies have integrated their labour in that they use machinery and technology. In many underdeveloped economies, most sectors use manual labour in production. This is a setback, as the production is not optimised. For example, most of the poor economies use manual labourers in farming and in industries. This requires a large number of people to effectively enhance production. However, with the help of developed economies the poor countries will realise the need for sophisticated mode of operations. For example, the poor countries need to incorporate mechanised farming, which will reduce on both time and cost taken to prepare and produce agricultural goods. In the mean time, they will have optimised their agricultural production, which will improve the economy. Similarly, the developed countries should help poor countries emulate many more modern farming techniques. As suc h, the poor countries will start investing in agricultural inputs including fertilizers and improved breeds as well as seeds. It is noted that agriculture is a strong economic pillar for poor countries. Therefore, this sector will attract immense attention especially when developed countries would want to help. ... Improving the agricultural sector will pave way for massive production. This would be a prudent idea since it will help the developed countries in provision of raw materials for production. This will improve both bilateral and multilateral trade in the world. Apparently, it is realised that many developed countries have many industries that require raw materials. Since these industries need raw materials, improving bilateral and multilateral trade will be a solution to scarcity of raw materials (Wodon 2012:34). In essence, both developed and poor economies will benefit from improvement in agriculture, as there will be a balance of trade. In the modern world, global climate change has been a thorny issue. This is highlighted owing to immense increase in pollution of the environment. Apparently, most of the developed countries are spearheading the need to reduce pollution in the world since it has affected the global climate. However, some of these actions are not reiterated to the poo r countries. In fact, countries experiencing financial difficulties have limited resources in controlling pollution. Bizarrely, pollution in some parts of the world would affect the climate, which later affects the whole world. As such, the strong economies should allocate resources to help reduce pollution in the poor economies. This would help in reducing the effects of pollution. It is noted that strong economies in the world are grumbling for better healthcare, improved income, better working conditions and improved education systems. However, in the countries faced with financial constraints, such are luxuries. For example, in some of these countries, access to healthcare is a problem. People have to travel long distances to access healthcare services. This is