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The economic crisis in a third world country

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By gervaldi


Much has been known at this time on the extent that the economic crisis is having on the people of United States, Europe, Asia, and elsewhere. Constantly we hear news that say that companies are bankrupt. Many are shedding large numbers of workers and reducing the costs of its operation.
We hear and see on television that people can no longer afford, or because they lost their jobs or because they are afraid of losing it.
The future is no longer a guarantee for anyone, even the most proactive now have to revise their expectations. People are losing the opportunity to enjoy a dignified old age and in conditions that guarantee quality of life.
But you have asked these people living in first world countries also called developed world, which is what will happen or already happening in underdeveloped countries.
In large part, to the Americans or Europeans, the existence of underdeveloped countries is nothing more than a mere reference or photograph in any public place, either written communication, radio or television, or a poster pasted on a wall.
Understand the reality they live in these countries is something else.
I do not intend to describe those conditions of life or those realities, which, incidentally, are often highly qualified and diverse.

We must also understand that in the third world or underdeveloped world, there are four fairly distinct groups: the dominant political class and the middle class, working class and the class informally.
There is no need to explain the first three because are common to all countries, although the differences are obviously much more pronounced and tend to be more at the opposite poles than in the center, ergo, the middle class is famished and not generally taken into account, except for taxes or voting. The fourth class, the informal, is growing at a tremendous pace, is composed of individuals who have been in the formal sector, have noted with astonishment that they are those who are always supporting the system and never receive anything in return, in fact they always put the hard way and it increases the bureaucratic red tape that you finally get tired and throw towards informality.
This group of people living outside the law, regardless of social benefits, apart from social security benefits, but balanced against other benefits, mainly economic, ie, do not pay taxes, are not required to register anywhere, are free to change and move his business as the winds and the tastes of the time.
However, briefly described the contexts in which people move to the cities of the third world, because to talk of the countryside, peasants, or residents of rural areas would require another article, we try to foresee what will happen to people beaten with the economic crisis.
In recent years, while third world countries have invested some money in developing new industries, building technology companies to improve their levels of education and health, it is also true that taking advantage of rising raw materials and finding them as a source of prompt and generous revenue, again has fallen into the massive export of materials such as gas, oil, minerals, among others.
Well, the recent crash that have experienced, decline in recent months such goods, hit dramatically the revenue of the third world countries, the wealth that at one point had to be invested, was wasted.
In South America it is also necessary to incorporate as a cause for concern, the tilt toward the political left who have had several governments, led by Mr Hugo Chávez, President of Venezuela. But is not the turnaround that left the concern, but the popular way in which it is practiced, leaving almost empty institutions of States, deterioration in their economic policies, diminished its credibility and reliability to attract foreign investment, people divided by a resurgence of the endogenous case, the mass dismissals of workers who worked with previous governments and their replacement with poorly trained militants which are selected just for political reasons, the fear of businessmen to lost their investments, the precariousness of the private ownership of property. So we get to show that the crisis will hit twice.
On the one hand, the income of these countries have fallen, either because the value of their exports, the decline in exports, the decline in remittances sent by emigrants, the lack of investment, by increasing interest rates of credit, and on the other hand, the social conditions that now prevail in these societies are highly volatile, and could rise in violence.
It is therefore necessary to meditate on the conditions that are live and will live in developed countries on the impact of economic crisis, but it must also become aware that for others it will become much worse.
If in a developed country before the crisis you could buy five loaves and the next day throw away 2 of those loaves because they are no longer fresh, now with the crisis probably you will buy today three loaves, but throw away none the next morning. In underdeveloped countries before the crisis you could buy a loaf of bread, but today there is not enough money to buy a quarter of it, and hunger always begets violence.

 


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