Globalization : In The Eye Of The Third World Countries !

It’s a “Game of the thrones”.

Capitalism means survival of the fittest.

Actually, globalization is the tool in the hand of the capitalists to dominate the world, where the rule of the game is a simple one —– just rinse the weaker section.

Most of us might have experienced the shocking ‘hunting scene’ on the National geographic channel, where often a tiger or a lion jumps on the neck of its natural pray.

In the jungle of globalization, the same thing happens … but the characters are changed.

Here the capitalists play the role of the tiger or a lion and the natural pray is the weaker section.

Globalization means free flow of trade, people and ideas.

But in reality, it means “less interference of the Government in the economic activities”.

The capitalist, today camouflage their nails and sharp teethes, using the veil of a puppet Government at their will.

Other tools of the capitalist are the WORLD BANK and the IMF implemented by the WTO.

Just call up the statement about the state of the world’s children 2000: it was written as ……

The number of people living in the poverty line continues to grow as globalization proceeds along its inherently asymmetrical course: expanding markets across national boundaries and increasing the incomes of a relative few while further strangling the lives of those without the resources to be investors or the capabilities to benefit from the global culture.

The majority comprises women and children, poor before, but even more so now, as the two-tiered world economy widens the gaps between the rich and poor countries and between rich and poor people.

 

Structural Adjustment Program (SAP) & It’s Effect On The Third World Countries :

The IMF sponsored SAP refer to a set of measures that countries need to implement in order to qualify for loans from these institutions.

The facilities extended through SAP in the year 1987 to facilitate the developing countries to borrow from it subject to their agreement to accept the IMF conditions, which includes:

1) Sap was primarily geared towards achievement of fiscal and BOPS stability, rather than stimulation of economic growth.

2) State- owned industries and services must be sold off to private corporations/ MNCs.

3) Encourage private sector investment and more towards an export- oriented economy.

4) Devalue the state currency. They (IMF/WB) say this will increase the country’s exports so that it can earn dollars and pay back the loans!! (But the irony is that the small farmers and industries get less for their goods and prices of imports go up).

5) To reduce duties and tariffs on imports and so on.

The impact of SAP on the third world is manifold.

Let us take the case of women and child malnutrition:

AFRICAN SCENARIO:

In seven African countries the infant mortality rate, which previously declined, increased from 4% to about 55%. A steep increase from 3% to 91% of mortality rates of children fewer than 5 years was observed.

The vicious cycle of poverty, lack of education, disease and illness (Today it is Ebola virus epidemic causing major loss of life, mainly in the countries of Guinea, Liberia, Sierra Leone, Nigeria and Mali etc.) causes around 54% of deaths in children.

Out of the 800 million people still suffering from hunger in the world, over 204 million come from Sub Saharan Africa.

It is estimated that around 1.4 billion people now line in absolute poverty, 40% more than 50 years ago.

Food distribution discrepancies happen to be a major driving factor in perpetuating food crisis in most areas of Sub Saharan Africa.

In reality, we hardly live in an ideal world and most of the third world countries targeted by the IMF and WB, where exists autocratic rule under fragile democracy.

One Response

  1. Aman agrawal June 9, 2017