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In his latest op-ed titled "Curbing corruption through digitalization" for Business Recorder, M Ziauddin has massive reproduced the work of Stephanie Thomson (Here are four better ways to spend that money - Weekly Agenda, World Economic Forum - January 12, 2017) has brought under spotlight some global challenges "the world could tackle with that money - and still have some change left over". According to Thomson, "We only need $116 billion to wipe out hunger as around the world nearly 800 million people don't have enough food to eat. We need only $8.5 billion to eradicate malaria - starting at around $600 million a year through till 2022, dropping thereafter. The world needs $1 trillion to bridge the global infrastructure gap. Infrastructure is literally what keeps our cities, countries and regions ticking over. We need $26 billion to provide basic education to all children as for 100 million of them, says the UN - it's something they can't access."
Look at the amount that is required to deal with challenges the humanity faces. There are a number of families and individuals who possess much bigger amounts of money and wealth. What is actually required is global political will to evolve a strategy through which the world can rid of hunger among nearly 800 million people . The strategy must also examine the possibility of reducing each country's defence spending so that governments in developing countries in particular can make better allocations towards social and economic sectors.

Copyright Business Recorder, 2018

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