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A world in which very few have too much of everything when they need too less whereas the majority have too less when they need more to lead a normal life. A normal economic life which includes the fulfilment of the needs of clothing, food,health and shelter. Three fourths of the people world over does not have the means to fulfil these needs. Healthcare has become too expensive (Sen Amartya, 2006). So expensive that People from developed countries like US and Germany flock to inexpensive places like India to do Surgeries. The irony is that this happens even when India itself is deficient in providing healthcare to most of its Population. British hospitals can’t pay British Nurses that’s why they import nurses from third world countries. Quite tragic that these developing and underdeveloped countries can’t afford to employ the best of talent it creates. These people migrate.30% of the doctors working in Developed countries like USA are Indians. The same is happening in Education also.19% of the students enrolled in the Universities across US are Indians. 35% of Professors working in US universities are Indians or Chinese. Most IT engineers comes from ASIA notably from India and China. NASA employs 29% non Americans. The same thing is happening everywhere in the developed World (Banerjee 2012). There are only a handful of countries that can be categorised as developed. They call it the G8.These countries are resourceful and have become Developed because of their inherent ability to do it efficiently and in a time bound manner. Japan and UK together account for 17% of Worlds GDP but both hardly have any resource. In the beginning UK depended on its colonies across the World to build manufacturing Hubs and consolidate itself as a prime exporter nation. Till the turn of the last century ,it hardly had a year in which its imports reached half of its Exports. The Japanese Economy presents more contrast in comparison. Its worlds 3rd biggest economy in terms of GDP and 4th highest by purchasing power Parity. Its per capita Income by IMF estimates in the year 2012 is $39,000, which also happens to be the 22nd largest in the World. But most of the Developed world is slowing down. According to estimates put forwarded by JPMORGAN CHASE etc the Compounded Average growth in the last 10 years is less than 2.4%. 380 of the world’s top 500 largest corporations are based in these Developed nations. But it’s losing its Manufacturing dominance to new Players. China is stepping up and so is South Korea. But that’s not very encouraging for most of the developing nations. Some of them are in ASIA, some in South AMERICA and most of them are in AFRICAN continent.

It’s a known fact that GDP calculated in Developed countries often tend to underestimated because of time gaps and price fluctuations where as its pretty challenging to calculate them in AFRICAN nations. These nations are plagued with Internal power struggles and petty regional politics.

088 1.9 of the top 10 poorest nations are from Africa.958 United States 51.936 42.864 In countries like CONGO the Per capita GDP is $400 a year which is around $1 a day.704 Switzerland 44. The figure is abysmal and there is a political consensus for reversing it. Countries from Europe.Political landscape is very uncertain. Also the task of calculation of GDP is quite awesome considering the problems of Manpower and biases of reporting.799 54.724 42. RANK COUNTRY 177 178 179 180 181 182 183 Mali Afghanistan Madagascar Malawi Niger Eritrea Per capita GDP YEAR 1.317 41. For example the self consumed items are never reported and accounted for.114 50.397 54. North America and the GULF dominates the top and the bottom is dominated by African nations.889 60. International Monetary Fund (2012) Rank Country 1 2 3 4 5 6 — 7 8 9 10 Qatar Singapore Norway Brunei Hong Kong San Marino Canada Australia Per capita GDP Year 100. IMF publishes annual lists of countries having highest and lowest per capita GDP.055 945 848 807 710 2012 2012 2012 2012 2012 2012 2012 Central African Republic 851 . However it does not materialise because of reasons ranging from internal disturbances to lack of political will power on the part of the administrators in these parts. These economies are mostly subsistence ones and do possess huge quantities of economic activity which remains unreported.954 2012 2012 2012 2012 2012 2012 2012 2012 2012 2012 2012 Luxembourg 77.

It helps the creation of a pool of human capital. Dem. Sometimes GDP is misleading because of other inherent problems.” (Mishra and Puri. But mere increase in the GDP is not sufficient sometimes. So in a way economic growth is a part of Economic development. quality of life . Rep. Even if Afghanistan is the only Asian country to be in the bottom 10 owing to its 3 decades old political instability and social anarchy. robust and enlarged infrastructure.Economic development brings numerical and visible changes. While African nations are very well entrenched at the bottom. To make it possible that the Economic growth is robust the policy makers need to take initiatives to reach greater life expectancy and achieve social expectancy . South Asian countries are not that behind. many Asian nations are in fact very poorly developed. distribution of income and literacy rate has become indicators of economic growth. . When Economic growth is long term it becomes economic development . green environment. Economic growth has been defined as” an increase in the GDP of an economy over a period of time.1996). As GDP growth sometimes gets offset by more than proportionate increase in the Population and thus the increase in the GDP is not sufficient to sustain the growth of the economy in the right way. Now a days . clean and green technology and social inclusion. Along with this they shall target employment generation to sustain the growth over a long period.184 185 186 187 Liberia Burundi Zimbabwe Congo. 665 619 552 365 2012 2012 2012 2012 Poverty and People below poverty line are more or less concentrated in Asia and in particular Africa. But GDP alone is not an absolute indicator of wealth of economies overall.

which is quite contrary to a country like US whose population in the same category is only 33%. The case of CHINA and India are unique in every aspect though. RANK COUNTRY Per capita GDP YEAR 93 133 China India 9. The country’s population consists of almost 60% people within range of an age between 25-50. Only a few countries have been able to buck the trend so far.Even if the Population growth is a problem in itself often creating the scares of Inflation and Health related problems. It has managed to match the behemoth of CHINA at each step. Brazil and Russia are known as the BRICS countries.843 2012 2012 These countries along with a few more like South Korea and Vietnam has managed to achieve a growth rate which averages more than 6% in the last one and half decade. They are kept off from the oppotunirites that exist and denied resources that are available both traditionally and also as a result of technological advancement. It is defined to include a process which blocks certain individuals and at times even certain communities from significant rights to take part in the process of economic development. it has utilised .055 3.Nobel laureate Prof Amartya Sen Emphasised Social Inclusion (rather the lack of it) as a major reason of underdevelopment. Its economy is also robust with a pretty large middle class. It has a good education system and puts large emphasis on technology and management along with development of English. Notable among them are CHINA and INDIA. Because of the process a significant section of the society was kept away from what is happening around them and remains downtrodden. These two along with South Africa. These section of the population helps to produce the most commodities an services but the marginalisation process keeps them from using the same resources to develop themselves. Some of the economists also referred to this as Marginalisation.

But the irony is that most of the underdeveloped nations are still mired in policy Anomaly and political Instability. In some aspects these two has also given the Western countries a large market to explore. AFGHANISTAN . These two countries are truly blessed with enormous natural resources and manpower. So much so that almost all recognisable US corporations has now backend operations in India. The same is true for some of the countries in South East Asia.its able manpower to expedite the growth. CHINA . The Demand these two generate is enormous and the products which was seen only being produced for the western market is now being sold here. MYANMMAR and SRILANKA to some extent. Apart from INDIA . Countries in AFRICA face the problems from inside. ZIMBAWE . And these markets have shown tremendous growth in every aspect. SOUTH KOREA. . So much so that they control almost 40% of worlds markets in sheer numbers. The developed world has slowed down to a 2% or even lesser growth pattern thus necessitating the need for finding newer markets to sell their products and invest their surplus funds elsewhere to be able to produce at a lower cost and garner more profits. So in effect these two Asian Giants now have been able to convert the Surplus Population as an immense natural Wealth and Knowledge power that enlightens the entire developed World. But despite their impressive growth story there are problems which still drag them down. But they lacked the funds which can be used to develop them. Not just these two but almost all the smaller countries in ASIA and AFRICA.BRAZIL and South AFRICA and to some extent Philippines and Vietnam none of the Undeveloped Nations have been able to find the true benefits of Funds Proliferation. most notably PAKISTAN. RWANDA is mired in endless political struggle. GHANA. Countries like NIGER. As and when these nations require the money to invest and grow they face the immediate situation of being non-livable. There is widespread internal strife and corruption which has stopped production in its bud. Now this problem is almost over.

This illustrates the hypocrisy of Western and outside powers that are not interested in real development rather come here to fulfil their own political ambitions. Apart from this there is almost non-existent healthcare facilities in these parts of the world that stops any kind of development here. devoid of any worthwhile means of communication and generates a number of diseases not found anywhere in the world . Most of the countries are land locked. there is severe water scarcity leaving people to find alternate ways to manage day to day life and earning livelihood. The western part of the continent is inaccessible. Western powers try to control tribal warlords who control parts and territories and thus aid them to remain in position to use their huge natural resources and in exchange supply arms to them. Population in the African continent is still characterised by very low density and was high degree of migration from rural to urban and vice versa. There are so many languages spoken in one region that even the best of the linguists find it impregnable to communicate . The Great SAHARA has acted as a barrier to growth in the northern side of the continent and on the other side Atlantic does not let it communicate with rest of the world.900plus languages are still spoken in Western African countries which remains a huge cultural barrier to development. The disease infested tsetse’s fly all over this continent and infect millions of people and animal each year. And starved for water and because of lack of waterways it has remained cut off.The feudal society is still spreading its tenterhooks. Nigeria is a classic example of this. Even in parts of EGYPT where the great NILE river flows. This is so big a country and so deficiently structured that a particular district called Delta is comprising of . Similarly the diversity of culture and ethnicity is extraordinary. which affects both Human life and at the same time plagues the animal World. It’s not letting the economic community and business leaders tap the potential resources and close the gap on the immense division of societal imbalance.

Despite their immense oil reserves they are not a stable country and migrate to Asia for education and often found trafficking least 4 tribes each completely diverse from the other. . Public institutions became non functional and thus started a mad rush and scramble for becoming the privileged few. The United Nations constituted UN Human Development Index to make uniformity of data interpretations for all countries. And those who wrested power worked for the chosen few and not for the Development of the masses. And all of them relies on the oil reserves to such an extent that they do nothing but protect their share of it. This new index tries to bring to the fore the actual level of development that has taken place which also accounted for the inequalities of education. These states became Gatekeeper ones (Frederick cooper . Such a country not only needs a Stable but powerful government which is a premium at this stage of the century. People in migrate to western nations that too illegally. Slave trade was prevalent even today. 2004) as their main form of revenue was generated from customs and excises and concessions from foreign corporations and Foreign Aids. Because there was and is no credible alternative there ensued a crude race to control machineries of administration and that included the armed military and the civilian portion too. (Simon and weasels 2007) Problems in the Modern Era Many countries in Africa face the familiar problem of failed administrations. In the year 2010. The following list shows the high and low ranked African and Asian countries inside the index. income and social inclusion overall. These 8 were not included because of non availability of data. This report covers 185 out of 193 listed members of UN. it introduced an index called Inequality Adjusted Development Index was brought in .

344 0.769 0.712 0.662 0.713 0.304 Niger Mozambique Chad Burkina Faso Mali Eritrea Central African Republic Guinea 0.683 0.327 0.355 .340 0.608 High human development Medium human development 10 Lowest HDIs HDI Rank Country New 2013 estimates for 2012 Low human development 1 1 3 4 5 6 7 8 9 Democratic Republic of the Congo 0.737 0.304 0.343 0.352 0.806 0.634 0.351 0.AFRICA 10 highest HDIs HDI Rank Country New 2013 estimates for 2012 Very high human development 1 2 3 4 5 6 7 8 9 10 Seychelles Libya Mauritius Algeria Tunisia Gabon Egypt Botswana South Africa Namibia 0.629 0.

543 0.906 0.919 0.848 0.466 Medium human development .498 0.900 0.10 Burundi 0.938 0.895 0.543 Low human development 1 2 3 4 5 6 7 8 9 9 Afghanistan Yemen Nepal Burma Pakistan Solomon Islands Bhutan Laos Cambodia Papua New Guinea 0.374 0.538 0.834 10 lowest HDIs HDI Rank Country New 2013 estimates for 2012 0.530 0.855 0.909 0.458 0.355 ASIA & OCENIA 10 highest HDIs HDI Rank Country New 2013 estimates for 2012 Very high human development 1 2 3 4 5 6 7 8 9 10 Australia New Zealand Japan South Korea Hong Kong Israel Singapore Brunei Cyprus Qatar 0.912 0.463 0.515 0.

state of safety is non-existent. Yet a lot depends how the new generation of World leaders handle the Burden and lead us to a new Developmental process. Because of Globalisation the Political thinking has changed. There are conditions prevalent which are premature. internal power struggle. tribal warfare and lack of centralised planning has struggled to find an answer to bring in developmental activities. Corporations and Even Individual investors world over has gone on to invest at new places and to find new Markets. .This list proves the already discussed points correct. Countries mired in controversies . probability of loss of human life and capital investment is very high. World has become a better place. There is new hope and there is optimism. New technologies have come to reduce the distances and proliferation of this has become possible. But the World order has changed over the last decade or so. When these are coupled with too frequent changes of governments and absence of a credible alternative it makes almost impossible to redesign the developmental activities. 12.partnersworldwide.. www. africa.. http://www. ATQ 5.pdf . www.washingtonpost.nielsen.REFERENCES 1. reports 11.http://hdr. africa-so-rich-resources-yet-so-poor 4.investopedia.html 7. 10.htm