In: Economics
1. Among western scholars, democracy is a key element in the transition of the Third World from poverty to prosperity. China is not a democracy, but it has lifted millions out of poverty, and has recorded high levels of economic growth. China is also not an inclusive society, nor does it demonstrate democratic accountability. Discuss what you believe to be responsible for the prosperity of China, in spite of its resistance to prescribed
Western methods of social and economic transformation.
2. The COVID-19 pandemic has been ravaging the major global economies. According to the government of China the disease has been contained enough for populations in some areas to return to work. In the U.S. the virus has not yet reached its peak, and the economy is in imminent danger of a recession. Given what you now know about the Third world, discuss what you consider the three most likely outcomes of COVID-19 in countries such as South Africa, India and Brazil.
3. Identify and discuss the three most significant aspects of this course, which have shaped, challenged and or confirmed your views of the Global South. Please provide examples where appropriate.
thorough answers help ! ty!!
1. There are several reasons which are responsible for CHina's growth inspite of not having a dedmocracy .
a. Growth oriented model is completely based on task oriented.
b. China is having one party dictator kind oth leadership therefore there is no scope of second thought which helps chinies develpment.
c. Chinies growth doesnt corelate with environemntal issues.
d. It si the prosperity without democracy.It is not the key to economic growth. Economics and politics should not bemingle together. Thas what china did.
2. Third world countries may respond in this way due to corona pandemic.
a. They have not started experiencing peak of deatahs till. The majority of the sections belong to poor therefore it may respond late.
b. The difference between rich and poor may be greated and greater in comming days.
c. India is having the exporter of anti malaria drug and US is forcing India to send .This shows that in the comming time develped countries may dominate third world countries in many aspects.
3. The world would be totally changes du to CORONA pandemic.
a. China might be the exporter of many goods which it was not earlier.
b. CHina may control the majority of the trade in the world.
c. Developed countries may face new challenges in the comming times. They have to revive their economic policy .
d. Thirld world countries may the the biggest suffers out of this.