India’s Effort to Reduce Wealth Inequality in Developing Nations

Date:

India recently made a significant geopolitical move. India has decided to represent the global south, which comprises about 120 nations and is comparatively underdeveloped to the north. India needs to make this change to close the wealth gap between the north and the south and guarantee that everyone on the planet can live in dignity.

The “Branded Line” in the 1980s led to the concept of the global north and the global south. The world is split in half by this line, with the north consisting primarily of wealthy nations and the south of poorer countries. The majority of Central Asian nations were regarded as belonging to the global north when this line was drawn, coinciding with the USSR’s existence. These nations are now regarded as belonging to the global south.

Advertisement

India’s resolve to take into account the voices of the global south is a crucial step towards ensuring that nations in the south have a better future. These countries have a long history, a sophisticated culture, and a wealth of natural resources. India aims to help these countries achieve brighter futures and restore their old splendour. To accomplish this goal, India recently hosted a conference dubbed “Voice of the Global South”. India made it clear throughout this occasion that they wish to speak for and unify these countries in the global south.

Since only one of the UN’s five permanent members represents the global south, the organization has become a “frozen mechanism” India hopes to use this program to share the benefits of international contributions with the developing world.

Some people may be worried that India’s move could lead to a struggle between the global north and the global south. However, India has stated that it is not trying to create a battle between the north and the south. Instead, they want to establish better partnerships and understanding between the different countries at various international organizations such as the World Trade Organization and the United Nations.

India wants to lead the developing world differently than China does. China aspires to lead the developing world, but unlike India, it is more concerned with economic growth than with alliances and mutual understanding. By tackling wealth gaps and fostering dignity for everyone via partnerships and performance, India hopes to enhance the future of nations in the global south.

 

Share post:

spot_img

Popular

More like this
Related

India Sends SCO Summit Invitation for Regional Cooperation

India has invited all SCO members to attend the Goa summit of foreign ministers scheduled for May 4-5, 2023.

UK Government announces cryptocurrency regulations

This week, the Treasury said there would be rules for making, lending, and digital trading tokens called cryptocurrencies.

Dominica: Prime Minister Skerrit & Sir Dennis Byron held a meeting

Dominica's Prime Minister Roosevelt Skerrit met with Sir Dennis Byron on January 23, 2023, to discuss the Electoral Reform Report.

Tibetan students protest against Thermo Fisher Scientific

Thermo Fisher Scientific of Massachusetts is being chastised and protested for selling DNA testing equipment to Tibetan police.