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I believe that Globalization can rid the LEDC status from African LEDCs, when I say removing
the LEDC status, I didnt just mean the superficial label, but to rid it of the defining criterions.
LEDCs describes the world's poorest countries with following a few criterions, the most
important being the 2 below[10]:
1) Low-income criterion
This criterion is based on a 3 year average estimate of the gross national income (GNI) per
capita (under $750)
This has been a problem for ages, as an example, LEDCs in Africa has fallen behind, due to
their inability to act in an organized manner regarding their abilities in science[3]. Why is this a
problem for us though? People in LEDCs suffer from lack of medical knowledge and education,
this has allowed issues such as diseases to spread quickly throughout them, for example the
Ebola pandemic that happened twice in Africa, it was spreader hastily due to their lack of
hygiene, the 2014 event alone took more than 10000 lives[4], therefore the conversion of
LEDCs out of that status is important, what I mean, is to aid them in their economical
development, so that people can get proper education so that similar issues can be controlled.
The Impact of Globalization
Rapid growth in India and China has evidently caused world poverty to decrease, and from the
perspectives mentioned, It is clear to see that globalization has made the relationships between
MEDCs and LEDCs much stronger[7]. African LEDCs that are still poor or struggling, through
the method of globalization, can achieve an economical growth, and with that growth the
government can then approve and distribute more resources on technological and science
development, which can give them a chance on leaving the title of LEDC
ICT
There is still one problem, however, this process takes time, is there a way where LEDCs can
achieve this conversion in a faster speed? I believe there is.
Information and Communication Technology, is a tool of globalization. The term ICT itself
denotes computing and telecommunication technologies that provide means of handling
information with the object of improving government's or any other organization's methods of
operation[8]. The role of ICT in LEDCs, is to foster development.
In a public online Q&A session with World Bank economist, Christine Qiang, she discusses on
the importance of ICT for development of LEDCs,
She states that According to our (World Bank) recent cross-country study (covering 120
developing and developed countries over the period of 1980 to 2006), the growth benefit that
telecommunications provides for developing
countries was of higher magnitude than that for
developed economies for every
telecommunications service (See right). This is
probably because telecommunications services
help improve the functioning of the markets, reduce
transaction costs and increase productivity through
better management in both the public and private
sectors. These issues were more acute in
developing economies than in developed ones.
Therefore, developing countries gain more by
resolving some of them through better access to
telecommunications[9]
With the combination of ICT and Free trade in globalization, I believe it can make a significant
change in the economical situation within LEDCs.
Are there better ways?
In my opinion, Globalization is the best way on achieving our goal: To rid the LEDC status from
African LEDCs, but every that has support, will have opposition. Globalization is not perfect, it
has costs in return for its benefits.
It is not a guaranteed success, it really depends on the government of the LEDC. Corruption is a
very significant political problem, and it exists all around the world. Sudan, an African LEDC that
is deemed one of the most corrupt countries in African is one of the examples[11], the corruption
of high ranking government officials has already affected their economic growth negatively[12].
therefore aiding through globalization is not even applicable in certain situations. Another
argument on its flaws, is that globalization does not fully benefit everyone in the aided LEDC,
some people argue that the economic growth globalization brings benefits the rich much more
than the poor working class, as free trade would make the owners and managers more rich but
not those who work under them, therefore it still doesnt help the ones struggling in poverty.
I disagree with the opposition, because I believe that the advantages globalization has
outweighs its disadvantages. Mentioned before, globalization can benefit both the LEDCs and
the MEDCs, MEDCs need raw materials to construct products, and African LEDCs have an
abundance of raw materials, this allows the African LEDCs to gain income whilst satisfying the
needs of the MEDCs, moreover, free trade removes the tariffs and taxes, making the trading
between LEDCs and MEDCs even more so convenient
Some might even suggest to use another method instead: Direct Foreign Aid, supporters of this
method has argued that this can build up better relationships between those aiding and aided,
and is also much more effective than free trade, because free trade relies on the raw materials
the LEDC has, if it doesnt have a particular raw material, then there wont be any trading at all.
I disagree as well. In my opinion, Direct Foreign Aid has even more flaws, such flaws include to
same disadvantages globalization possess: corruption preventing the nation to grow
economically, and that only the rich will get richer in some occasions, I believe that Direct
Foreign Aid can also bring negative effects such as diplomacy problems when favoring some
LEDCs over others, and that the LEDC might become overly dependent on the aid[12], which
doesnt happen in globalization, as the free trade it provides still needs the nation to produce on
its own.
As a conclusion, I believe that the LEDC status in African LEDCs are removable, through the aid
of Globalization and ICT, to remove the status, the country has to be ridded of the factors which
define the LEDC, including the lacking of income, health, nutrition, education and literacy of the
people, in which I strongly believe only Globalization can rid the lacking factors, although it is
not perfect and cant be done everywhere, I think we should still give it a chance and do as
much as we can regarding on LEDCs, because it literally, saves lives.
Word count: 1469
Bibliography
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[3]Moghalu, Kingsley Chiedu. "Why has Africa fallen behind the rest of the worlds economies? |
Kingsley Chiedu Moghalu." The Guardian. Guardian News and Media, 04 Aug. 2014. Web.
[4]"Ebola (Ebola Virus Disease)." Centers for Disease Control and Prevention. Centers for
Disease Control and Prevention, 14 Apr. 2016. Web.
[5]Hamdi, Fairooz. "The Impact of Globalization in the Developing Countries." LinkedIn. N.p., 11
June 2015. Web.
[8]Dhameja, Alka, and Uma Medury. 1 Information and Communication Technology in the
Globalization Era: The Socio-economic Concerns . Rep. N.p.: n.p., n.d. Print.
[9]"New World Bank event: Information Communications Technology for Development." World
Bank Live. N.p., n.d. Web.
[10]Nationsonline.org, Klaus Kstle -. "___ Least Developed Countries (LDCs)." List of least
developed countries. N.p., n.d. Web.
[11]"Top 20 Most Corrupt African Countries 2016." Ranking Interesting Facts About Africa. N.p.,
09 Feb. 2017. Web.
[12]Greengarageblogadmin. "8 Serious Pros and Cons of Foreign Aid." Green Garage. N.p., 01
Sept. 2015. Web.
[13]https://futureofworking.com/9-huge-globalization-pros-and-cons/