This is the last part of my essay on Solving Asia's Poverty problem my official entry to the Time Magazine essay writing contest. For the other parts, click here for Part 1, Part2 and Part 3. Now we continue with part 4 of this essay. Now the solution might sound crazy for being too obvious but empowering people by giving them real purchasing power such that their consumption will place them above the poverty line seems to be the only variable in the multidimensional problem wherein we can really make a big difference. Consider this, the one thing that first world countries have as compared to third world countries is bigger domestic consumption. This is made possible because of a larger middle class. First world countries have a large middle class because they have higher wages, in contrast third world countries have a little or no middle class because wages are low. The question then is this, is high wages a result of being a rich first world country or is a rich, first world … [Read more...]

The world's eyes are now fastened on the Korean Peninsula as the two Koreas, North and South Korea, is determined to make history. As to whether this will result to a third world war, a regional instability brought about by a war or it ending in a peaceful resolution of the conflict will be remain to be seen in the coming days. North Korea has been taunting South Korea and other countries for the past decades. For several years now North Korea has been accused of abducting Japanese and South Koreans alike. North Korea has been under repeated sanctions by the United Nations Security council, for developing nuclear weapons, weapons of mass destruction and continuing on their nuclear testing. Despite this the North Koreans won’t budge and continues to defy the world’s super powers. There seems to be a lot of indication that the tension between the two Koreas will escalate into a conflict. Last March 2010, a North Korean submarine sinks a South Korean Navy ship killing several of … [Read more...]