The Ethics of Economic Development

Paper Summary:

This paper examines how although there may indeed be very real differences between the economically "developed" and economically "underdeveloped" nations of this world, economic "backwardness" does not equal out to intellectual, social, or cultural inferiority. The paper looks at how although the elimination of economic disparity can be a noble goal, it can also be a devastating nightmare if not handled properly.

From the Paper:

"Recent years have shown that words can be as powerful as weapons. Praise an individual, speak of him or her in glowing terms, and he or she will appreciate the encouragement. However, berate that some individual, disparage his or her achievements, and you may create a lasting enmity. What is true of men and women can also be true of nations. At one time it was fashionable to refer to the economically poorer parts of the globe as the "Third World." The countries of this Third World were spoken of as "backwards," or "underdeveloped," or "developing" - each term marginally less critical than the preceding. Yet each one of these terms is a judgment, a subjective idea. "

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