Disparities :(

While my plans were to write on a different topic I suddenly struck upon this one. I was thinking about the disparity that exists in world at a family level, society level, state level, and national level and across boundaries (international level). But the classification underneath is on a different abstraction.

First I wanted to write on disparities in income levels across the world. How many economists thought about this?. Bodies such as the world bank, ADB( Asian development back where all setup to monitor world economy and fund infrastructure development projects around the world. But in-spite of all this, have the disparities been met in different parts of the world? While there is a sincere effort to bridge the income levels through employment generation, economies have been facing drastic inflation levels and the disparity continues to spiral high. The per-capita income which is considered one of the major indicators of people’s income levels has risen by 5-6% in many developing economies while all those developing economies have been facing double digit inflation rates !!. Now imagine those fading economies like Zimbabwe. Pity them :(

I now step into disparities seen in food production. While food demands in many of the countries are rising steadily there hasn’t been a proportional level of increase in production. Adding to the pain, many economies/countries are forced to export food products although their internal produce isn’t sufficient to meet their country’s demand. The obvious reason is for earning foreign exchange.

Now on to the disparities seen in weather conditions. Amidst discussions about global warming we are failing to realize that the basic change in weather patterns across many parts of the worlds. While one part of a nation struggles in flood the other part is struggling in drought. In effect both regions are suffering for aid!! Both of them need one thing in abundance.. and that is Money!

Now on to disparities in sectoral growth. Even the most naïve economist would agree if I said Agriculture and Manufacturing should fuel a economy’s growth. This will in turn trigger growth in services sector and also in almost the entire economy. But many economies are thriving on growth heavily in services sector. This is a hollow growth and is just filling the balloon/bubble with more and more hot air. With more and more accumulation of money (in different currencies) we are just spinning in the tornado. We are seemingly moving around but ultimately only to cause destruction in the long run :(

I want to write more but I want to kill the pessimism in me. So I stop here. But in hope that economists should start thinking, on these lines to bridge disparities, which are deepening around the world. Otherwise the dooms day is nor far. After all the pandora’s box has to be opened some day.…