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  • Essay / A theme of economic development in life and debt and bad Samaritans

    Every country has its own way of developing. Some countries continue to thrive in a rapidly changing environment, while others struggle. Often, the IMF and the World Bank, supported by developed countries, tend to guide underdeveloped countries towards progress by introducing neoliberal policies. However, these directions will not help underdeveloped countries change the situation, as third world countries assess. In terms of economic development, underdeveloped countries must retain control of tariffs and subsidies to pillar industries and protect emerging industries from international competition. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay As third world countries are not only struggling with political situation and reforms but also financial crisis and low level of education. Although the IMF and the World Bank have sufficient funds and could offer assistance to countries facing financial crises. However, aid is not their primary interest, they tend to invest in underdeveloped countries by adopting neoliberalism. Many underdeveloped countries accept it out of desperation, but the pitfalls and pitfalls are numerous. It is a way to dominate third world countries and obtain maximum benefits for investors. For example, Jamaica is an ideal tourist destination for people who appreciate low-cost hospitality and beautiful nature. However, the natives are inferior and do not have the opportunity to get decent jobs and salaries. In Life and Debt, documentary filmmaker Stephanie Black shows that the country's current situation has not changed much since Jamaica's independence. The natives live in harsh conditions and are jealous of the tourists who can travel and treat them like servants. The common stereotype is that Jamaicans are lazy and relaxed, but in real life they try to do their best to please tourists while making the most of their income. Travelers don't pay attention to the fact that the sun causes a lack of water and that all the food they eat there comes from Miami. Also, the natives don't like tourists because they don't look, talk or eat the same way as them. Jamaicans are still under the influence of the United States and European countries. They create systems and business conditions that give them the opportunity to make a lot of money, and it is difficult for Jamaicans to compete with them. This is the main reason why the IMF, World Bank and WTO manipulate them. In Life and Debt, the director wants to show the audience how the World Bank and the International Monetary Fund try to contribute to reforms, but only deny third world countries the opportunity to be independent and prosper. Black shows a perfect example, where the IMF refused to provide the loan to Jamaica until it lowered trade barriers. So foreign companies sell cheaper items which destroy local businesses. The United States imported powdered milk that was much cheaper than real fresh milk, leaving local farmers profitless. Nevertheless, Stanley Fischer, first deputy managing director of the IMF, defends these policies and tries to convince the audience that all actions are beneficial to Jamaica. However, once the milk powder company dominates the market, there is no longer anylocal competitors make it easy to control market prices as much as they want. In Bad Samaritans, Chang gives another example of economic development. It provides some concrete examples from different scholars of the past who have written about Japanese people in the workplace. All these examples confirm that at that time, people from different countries considered the Japanese as lazy and easy-going workers and Germany was considered as a slow and unfair cultural heritage. Nevertheless, this did not affect the economic development of Japan and Germany. Today, their cultures are known for being hardworking and passionate. Over time, the culture of a country evolves and it is not fair to consider anything as a cultural description. One of the usual characteristics of people in third world countries is their prejudice against foreigners. However, rich and emerging countries have a different organizational structure. The stereotype is that developing countries are in this situation because their people are lazy. Nevertheless, they generally have longer working hours and work with simple tools compared to well-developed countries, so the criticism is unfair. Chang asserts that economic development depends on the country's economic conditions and not on people's personal qualities. impossible to track and define the reasons for how countries evaluate economically. He says that emerging countries have many unemployed or underemployed people and that immigrants from these countries generally work more than locals. Additionally, weak law enforcement and insufficient educational resources are critical to the economic evaluation process. Modern economies in developed countries are changing people's views and encouraging them to act differently. However, in a slowly changing economy, people are not interested in planning for the future, as this is a characteristic of those who seek new opportunities to have a better standard of living. Economic development changes culture in both positive and negative ways. According to Chang, culture is the result and cause of economic development. Usually, economic development encourages native people to become more hard-working and more disciplined, not the other way around. It shows that development can spontaneously cause a cultural revolution. There is no need to carry out a cultural revolution before the economic boom, because their attempts rarely succeed. People's behavior will change once they see changes and evaluations in economics. However, this will not work in societies where workers are treated poorly. Additionally, pursuing young people in countries with small industries where pursuing an engineering profession is wrong will not encourage them to change. The manufacturer has high productivity and this is one of the crucial differences between rich and poor countries. Additionally, Chang effectively addresses a few key historical elements. He gives the example of Korea, where in the 1960s the government increased funding and the number of university places for engineering and science departments because the country needed more scientists and researchers. engineers, and this had a positive result. In Japan, workers enjoy benefits such as lifetime employment and company welfare programs. However, this has happened all over the world. For example, Sweden also faced a terrible labor problem. In the 1920s there were more strikes than in any other country. The country's capitalists..