Chasm definition in real context with images and synonyms
/ˈkæz.əm/ (noun)
Definition of chasm
- (geology) a very deep hole or crack in the ground, rock, ice or earth, fissure, rupture, gulf, gap, abyss
- a wide and profound difference between ideas, feelings and groups of people, disagreement, breach, conflict, separation, rift, division, schism
Video of chasm
Chasm in context
The economic chasm between developed and developing countries is a stark reminder of global inequality. In developed nations, high GDPs, advanced infrastructure, robust educational systems, and access to cutting-edge technology foster environments where innovation and economic growth flourish. These countries typically enjoy higher standards of living, better healthcare, and more significant opportunities for their citizens. In stark contrast, developing countries often grapple with lower GDPs, inadequate infrastructure, and so forth. This chasm widens as these nations face challenges like political instability, corruption, and inadequate investment in essential sectors, further entrenching their economic disadvantages.
This economic chasm is not just a gap in wealth but also in opportunity and potential. While developed countries can leverage their resources to invest in human capital, research, and development, developing nations often struggle to meet basic needs, limiting their growth potential. The disparity is compounded by global trade dynamics, where developed countries dominate markets and set terms that can be unfavorable to developing economies. Bridging this chasm requires concerted efforts from the international community to promote equitable trade policies, increase investment in education and infrastructure in developing countries, and support sustainable development initiatives that can help these nations build resilient economies.
