09 July 2010

WHAT IS THE BEST WAY TO SOLVE THE POVERTY OF GAP BETWEEN POOR AND RICH NATION?

“No One Is Born Poor in the World” he brings two hands and one mind. The reason as why during last 200 years some Countries become rich while other could not due to only people (leaders, management, organization, human resources).

All factors like naturalresources, wealth, good leadership, good management and human resource played prominent role in the development but the most important factor is people (in any shape). I am quoting the few sentences of different authors that isreflectingtheir varied views regarding role of wealth in the development.

"Wealth, when you get right down to it, is not the cause of poverty." (Mitchell B. Pearlstein)
“The belief that all wealth comes from stealing is popular in prisons and at Harvard." –(George Gilder)
Ultimately it is only wealth that can reduce poverty."(Thomas Sowell)
Wealth is based on productivity, and productivity is expandable. In fact, productivity is fabulously expandable." –(P.J. O'Rourke)
The attempt to make heaven on earth invariably produces hell." – (Karl Popper)

Let’s suppose if we equally distribute all wealth among all countries, result will be that after few years the poor nation squanders it and will remain poor.
Poor countries can grow rapidly if their people are sincere, hard worked and governments took a long-run view of their people'sinterest and followed appropriate policies. But what pressures are there to push governmentsspecially unelected, non-legitimate modern dictatorships-to take a public-spirited long-run view? W.W. Rostow recounts a visit by President Kennedy to Indonesia in the early 1960s; Kennedy talked about economic development, and a South Asian development bank to provide capital for Indonesia's economic growth. The Indonesian dictator Sukarno's response? "Mr. President, development takes too long. Give me West Irian [province to annex] instead." Sukarno got West Irian to annex; under Sukarno Indonesia's economy stagnated.
Rich nation should help out to poor nation in leadership, human capital instead of given wealth. “No nation is poor in the world if they have sincere peoples with sharp and rational mind”

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