Global economics is of much concern to everyone such that even people at the back of beyond also find it very necessary to debate on such issues.
This was shown by a debate session which I decided to hold with my pupils to find out whether they really understood what economics was all about.
"I think economics is all about how people irk out a living from the natural resources of their country and each and everyone has a share in the exploitation of those resources," said a brilliant pupil (name withheld).
This would sound very mythic but it is shockingly true and it above all revealed that pupils are not ignorant of the fact that in economics each and everyone has to share equally and more over everyone has the right to be rich. such definitions would have been typical of economic gurus such as Rupert Murdock and other scholars but here they are today coming out of "mere" pupils who are not even a year old in their studies.
What was of much importance however was an issue raised by the same pupil who actually pointed out that the standard measure of being wealthy or poor is dominated by bias and I as a blogger in economics saw it necessary to push the debate further by adding flesh to it here.
America becomes a role model of how rich a person or country has to be defined and this lends the whole concept to the rise of horse-rider relationships in the world of economics.
It's interesting how the economic dynamics affect each and every country in the world. I agree that world leaders should create synergies to fix this problem together rather than sidelining poor countries!
ReplyDelete