Are reparations necessary or possible? Research Paper

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The Persistence of Global Wealth Inequality
There exists great economic inequality among different countries in the world. Due to the effects of globalization, some poor countries are slowly developing with the help of the improved labor market and other opportunities of rich countries. There are opportunities in education, economic growth and health sectors that are otherwise absent without the help of other countries (Roser). However, globalization also resulted to multiple instances of grave exploitation where poor countries were treated as cheap source of labor and resources by rich countries (Perkins, 48). This is especially true with large corporate entities of large industrialized countries like America. This resulted to a disparity with the wealth distribution between rich and poor countries. Throughout history, America is guilty with the exploitation of other nation’s resources and people to improve the country's wealth while leaving the exploited country into poverty with the leftovers of their own wealth (48). Although a developing country's economic growth is still relative to their policies and governance, America should provide economic aid towards developing countries to compensate with the years of resource exploitation that hindered a poor country's economic growth. In this paper the growing wealth gap between industrialized and developing countries, especially the instances of American exploitation of other country's resources will be discussed to justify the reparations that should be given. Additionally, the possible strategies and obstacles will be determined to learn how a developing country can improve their situation.
Growing Wealth Gap between Industrialized and Developing Countries
Most people that live in South Asia and Sub Saharan Africa had the greatest number of poor people in the world (Hessler). Overall, about two thirds of the world is suffering from poverty while one third has a continuously booming economy (Hardin). The world economy is suffering from extreme inequality because billions of peoples are suffering from poverty while huge resource gains from poor countries are going to the rich countries (Hessler). Rich countries contributed to the increase in wealth gap among nations by taking advantage of the labor market, exploitation of resources, wealth concentration, and educational attainment of the people and other nations. America is historically a country that engaged in such activities.
Over the past centuries in America, slavery was legally practiced to traffic man power as form of cheap employment from Africa. African-American's suffered from prejudice and discriminated that caused multiple instances of injustice and racial unrest to improve the economic situation of the country (Rothstein). According to Rothstein, “Today, however, most Americans understand that prejudice toward and mistreatment of African Americans did not develop out of thin air. The stereotypes and attitudes that support racial discrimination have their roots in the system of slavery upon which the nation was founded.” In the labor market, America maximized production rate by minimizing cost where African-Americans are deprived ...