Essay: Environmental funds debate-living standards
When economies improve, the general living standards improve too. For instance, the Cheong-Gye stream in South Korea was in a very poor condition back in 1960s when the nation was still at very low economic thresholds (Cho, 2010, p. 29). By the year 2005, the government of the republic embarked into a major clean up projects that left the stream very fascinating. This was only possible after the economy of the nation improved and people were comfortable to commit themselves to such projects (47). Putting this into the broader picture of donations, this country could utilize such fund efficiently if it were to receive them when developed. The nation had to focus it efforts to economic prosperity before embarking on environment conservation.
Poor economic conditions are most likely to encourage the receiver nation to divert the same funds to other economic activities they feel important (Nzwili, 2011, p. 23). To secure such funds, these countries may agree with the preconditions and there after abandon the project, further frustrating the efforts. Therefore, donor nations should focus on openly providing the money without attached conditions to dispel any suspicion and insincerity as developing nations would do anything to secure these monies. Poor economies have also been reportedly misused such funds. For instance, According to IMF Statistics (dated 28 February 2001), Maldives with a total population of 251,000 misused funds intended for environmental preservation opting for projects such as health (United Nations environmental Programme, 2002, p. 19). This kind of turn around will always persist whether or not donor countries set condition for environmental aid hence they are irrelevant. As Bowser, (May 1974, p. 82) puts it, developed nations will continue benefiting if this situation is not addressed.
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