Topic > Redistributing the Global Economy - 939

In life, there are individuals who are given the grace of being born with better economic opportunities, and there are also those who are unfortunately born on the other side of the economic spectrum. Some individuals have managed to overcome these economic obstacles and become successful in the market, abandoning their old standards of living and moving up the economic ladder. Just like humans, nations also suffer from a similar economic situation. Some nations have acquired more wealth than others over time, and the disparity in wealth between some nations is quite shocking. To demonstrate this vast disproportion, scientists have divided the world into two parts, the North and the South. “The North-South divide is the socio-economic divide between rich, developed countries, collectively known as “the North,” and poorer developing countries such as “the South”. the United Nations Security Council and all members of the G8.”(1) As nations become economically developed, they may become part of the “North,” regardless of geographic location, while any other nation, which does not qualify as a developed nation, it is considered part of the “South”. The day that the economic situation of the South is slightly comparable to the wealth of the North will be the day that most of our current international conflicts will disappear. The Global South is where most people live. The states in this region are mostly considered developing countries. Around a billion people in the South live without access to basic nutrition, healthcare, water, shelter and basic necessities that they simply cannot afford. According to international studies, every... half of the paper... is the basic need of life. For a human being to thrive, they need to fill the conferable aspects in their niche. They need shelter with running water and electricity, a good health plan, the basics of education and, most importantly, to feel safe in their country. The North has managed to prosper at the expense of the South, and now it is time for the South to rise again. For this to happen, the Global South needs to redesign some of their regulations and perhaps change some of the ways they have conducted business in the past. Potentially, foreign investors come from the North and flood their economy with foreign currency. Personally I would suggest that states in the Global South understand and learn how China, Japan and South Korea have managed to prosper from a Southern nation, becoming part of the Global North..