The Balance of the Economic Landscape - The Importance!

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What is the importance of the balance of the economic landscape?

The Importance of the Concept of the Balance of Economic Landscape          

In an idealized situation of a perfectly balanced economic landscape, each worker contributes products of equal value. Or alternatively put, each one's work is considered of equal importance in society. This leads to the concept of the dignity of labour both in social and economic terms.

Any economic landscape gets imbalanced because of either disproportionate quantitative deployment of workforce in different economic activities or the disproportionate cornering of economic benefits in terms of price of products produced by workers in certain economic activities.

For example, both a doctor and a mine worker may be putting same hours of work daily. Still, a doctor earns more than a mine worker. Why? The common sense would like to explain it away in terms of the varying degree of complexity involved in both the activities, besides the operation of law of demand and supply in terms of excess supply of mine workers and less supply of doctors which gives doctors a higher bargaining power for their products in the market as compared to the so called unskilled mine worker.

However, a further analysis shall reveal that this difference is more than simply a case of law of demand and supply dictated by market forces. Rather, it is the "degree of dignity" attached to the jobs that causes this wide variation.

One may ask how could it be? Well, a doctor no doubt is required on the economic landscape to take care of health problems of the human population. But, so is required the services of other so-called unskilled low paid workers like plumbers, electricians, scavengers.

All workers, irrespective of specialization of their jobs are a cog in the big machinery of interdependent society, whether big or small. You take one part out however small it may be and the whole machinery shall come to a grinding halt.

For example, if scavengers or plumbers stop work when required to do so in a doctor's house, the doctor shall loose precious time in trying to do the cleaning or plumbing work all by herself or himself! What does it show?

It shows that all types of economic activities are of equal importance on any given economic landscape. It further shows that the dignity of labour has to be restored to encourage workers to participate fully in exploiting economic potential in all economic activities of the economic landscape instead of the present tendency of the people to rush to the economic activities which provide better monetary and other benefits.

The present concept of the balance of Economic Landscape clearly shows as outlined above that it is the dignity of the labour which is more important than the simple play of market forces of demand and supply on any given economic landscape. 

Therefore, it follows as a natural corollary that we don't need any isms like socialism, capitalism, etc., to usher in a balanced development of an economic landscape. Rather, it is the change in human attitude restoring the dignity of labour which is the most important factor.

Many of contemporary and past world political problems have their genesis in the imbalance of economic landscape on a global scale. Several examples may be cited in support of this proposition.

Babur, the ruler of Kabul attacked the Gangetic plains of India during medieval periods due to this factor only. Kabul was steeped in poverty, whereas the economic landscape of the then Gangetic plains was highly developed.

This difference stimulated the less developed economic landscape of Kabul symbolised by Babur to attack the highly developed economic landscape of Gangetic plains represented by Ibrahim Lodhi.

Conversely, the highly developed economic landscape of Europe prompted subjugation by Europeans of the less developed economic landscape of Africa which caused a drain of African resources during the evil slave era.

Likewise, the capitalist economic landscape represented by the highly developed U.S.A. pulled down the lesser developed economic landscape of the erstwhile communist U.S.S.R.  The U.S.S.R. itself disintegrated because of the disenchantment with the central command structure in Moscow and because of the constituent states finding themselves floating on an imbalanced Russian economic landscape with certain areas highly developed as compared to others!

Even as recent as 11th September, 2001, this phenomenon expressed itself ghastly when the two jet airliners hijacked by international terrorists pulled down the "North and South Towers" of the "World Trade Centre" in New York, sending the world economy into a slide. The highly developed economic landscape of the U.S.A. is perceived by the Islamic Jehadists as a threat to the culture and economies of the lesser developed economic landscapes of the Muslim states of the African Sahara and Middle East.

In all probability, these attacks might not have taken place had both the U.S.A. and the Islamic world economic landscapes been developed to the same degree. In fact, the World Wars I and II were fought as a fall out of this imbalance of economic landscapes.

As the above brief discussion shows clearly, even a slight imbalance in economic landscapes at any level is sufficient enough to engineer political and other problems.

The world peace may be achieved if the whole globe is developed into a perfectly balanced economic landscape. Such an ideal landscape shall discourage wars simply because of the equitable distribution of fruits of human progress and consequent disincentive for wars besides the realization by each part on the economic landscape of other constituent parts being equally developed.

The concept of the dignity of labour may play a vital role in this direction. Therefore, the integration of the world economy in a perfectly balanced state shall cause development of the perfectly balanced economic landscape. Thus, the world peace and the economic prosperity may ideally speaking be accomplished.

The Globalization

The globalization can become an accepted phenomenon by all people, provided players at the WTO negotiations adhere to creating a perfectly balanced economic landscape all over the globe both in terms of economic sectors and regions/countries.

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