The consolidation of wealth in the hands of some immunized few in both developed and developing countries of the world is increasingly becoming a source of global concern particularly in the wake of the concept of globalisation.
A collection of racists have classed out people from some developing countries as poor, useless and unwanted without taking cognizance of the potentials of growth in those countries.
Profit in a going concern is not immediate cash, so that making of profit does not necessarily make the organisation liquid on the long run. In the same vein, economic boom in terms of visible cash flows is not a yardstick to ascertain all the shebang of perquisite inherent from the wealth of a nation.
A country or continent with a doddering economy has the potential to move steadily upright in years to come if potentials of growth are present.
For instance, twenty five years after the devastating war that brought Cambodia to a piece of rubble, the country has had a Gross Domestic Product (GDP) annual growth rate of over 6 percent. Vietnam dealt treacherously with Cambodia. Today, Vietnamese Cambodians exists. This refers to ethnic Vietnamese living in Cambodia.
Similarly, Germany surrendered helplessly during the Second World War after being closed in by Allied forces. Pressure from the Soviets pushed her to a no-escape zone and was captured. This was subsequent to much devastation that left the country without an iota of hope. Many years have come and gone, Germany remains a developed country.
Again, no one may have thought that the United States of America would someday become world power due to the massive desolation visited upon it by the Civil War which lasted four years – 1861-1865. It had a greater impact on American society and the polity than any other event in the country’s history. Today, the U.S.A. strides on in power and glory.
When a writer positions himself somewhere in the map of Africa, Nigeria certainly stands out. Forty nine years after the Nigerian Civil War which brought an unimaginable damage to her economy, Nigeria is currently being referred to as the giant of Africa. Though, the greatest problems confronting this great nation are leadership and corruption.
The above four countries (Cambodia in Asia, Germany in Europe, the United States of America in America and Nigeria in Africa) were severed out of four continents of the world to buttress the fact that growth potential in a given country is a golden seed that must sprout no matter how long it takes.
It suffices to say that no country, however small it may be is useless or should be classed as inferior to bigger countries.
Whether global inequality between people across countries, or international inequality between countries, or disparity in economic and social infrastructural amenities among countries, inequality remains a global challenge and should be addressed globally.
One of the largest groups affected by global inequality is the children. Children often suffer greatly from minimal access to high income, to education, to access to quality healthcare.
Teenagers and adults also have their fair share of the gremlin. There is the noticeable imbalance from gross to residual income of people across the world leading to the level of access to amenities including quality education and healthcare.
In a global community of people, the poor see the opulent as threats to their collective existence and this gives room for evil formations to steal, kill and destroy.
Developed countries are fortifying their territorial bulwark against developing countries by coming up with stringent visa rules.
The prognosis of such parochial or rather robust attitude goes beyond the challenge of insecurity and poverty, inadequate access to clean water and nutritious food, little or no access to livelihoods or jobs, perennial conflict, poor education, climate change, lack of infrastructure, limited capacity of the government. It shuts the doors to dialogue with its round table turned upside down.
The cure for global inequality when likened to a graph paper, stands to be where the arc cuts the axis.
Education is a weapon of liberation from ignorance, poverty and disease. It has been found to be a critical component for economic development, and for the reduction of global inequality.
Additionally, in order to end global inequality, there needs to be an emphasis on reducing corruption in society. It is undemocratic to remain in power for life and give family members key positions to manage in a country. High levels of corruption often divert resources from where they are most needed, which in turn continues to cause global inequality.
Furthermore, it has also been argued that fighting global poverty and inequality, governments need to provide support for improving the agricultural sectors of their economies. The reason for this is because poverty and inequality are reinforced by the inability of the poor to produce sufficient food.
Other arguments for fighting global inequality have been local activism. Volunteering can be a way in which local inequalities can help be stopped.
Furthermore, there have also been ways to help provide funds or loans to individuals, either through aid or through microcredit, which can help a person begin a business, and lead to higher income levels, and move away from poverty.
Finally, globalisation and independence (allow countries to function according to laid down international laws and policies) are sure to put the impasse of racism to a shameful flight.