Monday, June 8, 2015

Developing countries continuing to live dangerously


article_image 
It needs to be noted that economic strength continues to be assessed by global opinion, generally, on the basis of a country's material growth and is not predicated on the degree to which a country practises redistributive justice; that is, on how evenly and justly goods and services are distributed among a country's population. Accordingly, even within countries noted for their 'vibrant' economic growth, there may exist poverty of immense proportions. This is true of many of the BRICS. On the other hand, even within 'advanced Western economies' poverty and deprivation could be considerable.