Econ. 06/27/2012 - Developed Countries Shy of Commitment to Sustainable Development.

1. What is paying “lip service”? Do you think technology is important for developing countries to have? Lip service is an expression of agreement that is not supported by real conviction.

I definitely do think that technology is important for developing countries to have because it would help to accelerate the process of their economic growth.


2. Do you think developed countries have an obligation to help the developing countries (3rd world)? I don't think that developed countries have an obligation to help developing countries because every country is being run by different government, so it's only best for each country to be in charge of their own economy. Not all leaders accept help from other countries. Although it’s a great idea for bigger countries to help weaker countries I don’t see why they should be obligated to do so.


3. Define what Summit is.

Summit is the highest attainable level of achievement; the highest level of diplomatic or other governmental officials.

4. Why would a nation need more capital (money) to boost their economy? Why would they need other countries for that?

A nation needs more money to boost up their economy because they are in need of a lot of resources, and since they have no money they aren’t able to get ahold of any of the resources needed to keep their country running like it should be. They need other countries to help them out they have more money and could possibly help them out. If other countries are not helping them out then nobody could really help them.

5. What is going green? How does it relate to the economy? “Going green” is a popular phrase being bandied about these days. Chances are, you have heard it referred to quite a lot. But what does going green mean? In essence, it refers to using various everyday methods to help save the world and its environment. Many people consider going green to be an actual lifestyle; for them, it means basing your actions on working to save the world. From the smallest details to the most sweeping aspects of life, saving the world by implementing a green lifestyle is something that more and more people are aiming to do. Going green creates new jobs and industry, but also increases the likelihood of job losses in traditional work environments.

6. What is Gross Domestic Product (GDP) and what is the current U.S. GDP? The Gross Domestic Product (GDP) is one the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period. You can think of it as the size of the economy. Usually, GDP is expressed as a comparison to the previous quarter or year.  The current U.S. GDP is $14,586,736,313,339.

7. What was the big success for developing countries according to Puri?

It was itself a great deal of achievement on the part of developing countries, says Puri.

8. Reflect for a page about your feelings of developing countries receiving aid from developed countries. Do you think it’s fair? Should the world be equal in their GDP? How do you feel about third world countries borrowing from first world countries? Is their risk in it for 1st world nations? What would you tell third world nations if you were a first world nation? (one page).

I think that it seems right if the world was equal in the GDP, unfortunately that can’t happen because of the differentiating economies of all the countries. The third world countries need money and I understand that they need money from the first world countries, but I don’t think first world countries should be obligated to help these other countries. In my opinion I think they should help them out but I’m in between because not all country leaders think the same and not all of them would be up to help out these countries. If I was a first world nation I would negotiate with them for some of their resources and goods.