Theory of Golden Billion

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Next the concept of the "golden billion" is also closely linked to globalization. Russian President Vladimir Putin said that the concept of the golden billion is usually explained as a gap between the nations and the whole world, where the rich get richer and the poor getting poorer. Therefore to overcome globalization irregularities, the BRICS has introduced the concept of "three silver billion", which became the ideological basis for its policies. This concept led to the modern nations have more rights to the global representative of the upper classes. To remove inequalities country to country, many manifesto of the anti-globalist ideology is radically called "fair distribution" of wealth and capital in favor of poor countries.

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Putin believes the project of globalization is in crisis today where a lot of mistakes, hasty and less confident choices made by the elites of some countries' quarter-of-the-century ago. In the late 1980s-early 1990s, there was a chance not only to speed up the process of globalization but also to provide different qualities and make it more harmonious and sustainable in nature. "But the elite in the" golden billion "countries chose a different path of development is to consolidate purely their own interests. Finally, the system of international relations in a state of imbalance and global economy cannot escape the crisis.

In the end, the President goes to the conclusion that there is an clash between “globalization to those picked few”. Furthermore “globalization for all,” which, in his opinion, is a standout amongst those way conclusions about as much Valdai address. This developing opposition may be putting on the organization security an inexorable future change of the West. It may be the establishment’s endeavors will immobilize it and the metro forces’ exertions will push it that will structure those support of future governmental issues.

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References

Natalia, M. & William, L. A. (2001). Sustainable Development Outlooks and Model. Guide to Sustainable Development and Environmental Policy. (pp. 90-94). Retrieved from

http://valdaiclub.com/a/highlights/from-the-globalization-of-the-elites-to-globalizat/

http://plotsagainstrussia.org/eb7nyuedu/2016/7/20/the-last-resort-property

https://en.wikipedia.org/wiki/Golden_billion