Economic Structures In The Third World: Concerning Production, Infrastructure And Foreign Trade. Development In The Third World.

1526 words - 6 pages

Economic Structures in the third world:1)-A common way of defining a Third World country is by using economic criteria. Describe what the economic structures most commonly look like for a majority of Third World countries concerning production, infrastructure and foreign trade and what reasons may be for this situation."Third World" was first used as a political term to describe countries that were not part of the second world, communist countries of the east or the first world, capitalist countries of Western Europe and North America. The "third world" represented the newly independent countries hat were de-colonized and intending to begin a neutral position within foreign policy. Soon these countries broadened their vision to include economic attributes.PRODUCTION:Production in the third world is very limited to primary commodities and most countries do not compete in the industrial or manufacturing sectors. Most third world countries saw industrialization as the key element in leading them to prosperity and development. Two positions were taken on creating industrialization; state ownership of industry and state protection of privately owned domestic industry from international competition. Most countries alternatively choose to have a specialization in trade to compete within the international economy. These countries then began to specialize in and exporting primary commodities and supposedly using their comparative advantage to gain economic stability. The comparative advantages were supposed to be capital- intense and then stimulate the economy.These tactics did not work towards the countries advantage. They did take use of their comparative advantage to try and boost their economy but many third world countries choose the same product, creating a weak market for the products. It also made the country dependent upon their single product (ex. Guatemala-banana, UNFCO). Most countries however never reached industrialization or the production of manufactured goods. This main essential step would ultimately bring the countries towards prosperity with in industrialization. A comparative advantage in primary goods can be well utilized also through a comparative advantage in manufacturing. Production in third world countires is struggling mainly because of their dependency on first world markets and on first world imports. If third worlds could start producing more products that they are dependent on, they would not be so reliant on the first world and could balance out the flow of imorts and exports.Infrastructure:Transportation in third world countries complicates the economic structure even further by holding them back. The infrastructure within them is very weak and only makes things more difficult. Most entities of infrastructure that exists are remnants of colonial times. Countries still rely on transportation techniques that were built up before 1960.Railway systems are mostly enclosed within countries and does not connect countries...

Find Another Essay On Economic Structures in the third world: concerning production, infrastructure and foreign trade. Development in the Third World.

Conflicts in the Third World Essay

1372 words - 5 pages In this essay I will discuss why the Third World has been the sight of most of the world's conflicts since 1945. The conflicts that have transpired have been mostly internal and not just between these countries and their neighbors. They range in wars regarding religion, liberation, rebelling, and civil wars to name a few. I will consider these conflicts and their make up in regards to countries involved in the most serious conflicts along

Growth in the Third World Essay

1863 words - 7 pages process of nature. They believe that nature is a co-production, that they will have slight effects on nature, and vice versa. They have no desire to govern the natural world for their personal development; rather, they celebrate everything nature has given them and enjoy the natural wonders around them. The Marshallese people drastically changed the way ecologists and common people perceive interconnected ecological systems. Even for basic co

Answers: Study the sieges of Antioch and Jerusalem during the first crusade and Acre during the Third Crusade. Describe the logistical hardships of mounting a siege in foreign territory.

1576 words - 6 pages Study the sieges of Antioch and Jerusalem during the first crusade and Acre during the Third Crusade. Describe the logistical hardships of mounting a siege in foreign territory. Compare the means and ends of each campaign. How did the Crusaders act toward Jews and Muslims.Just as the developing warfare of the West, sieges were more common during the Crusades than were actual battles, and in the broader scope, the outcomes of these sieges were of

The Invisible Revolution in the Third World

1864 words - 8 pages caused corruption to flawlessly growing. This made Peru to become a third world corrupted state. Since the Peruvian mercantilism continue to decline. Obviously, it is impossible that it will regain social relevance and that the situation will not continue to deteriorate. In 1985, new government took office, “the minister of the interior informed Parliament that there had been 282 land invasions in Peru so far that year, 153 of which had

Government Corruption in the Third World

1326 words - 6 pages People in third world country’s suffer under the hands of their corrupt leaders things like this happen in the united states, but they are not as noticeable as they are elsewhere. In third world countries like Syria, there is a lot of injustice in many things especially in the government. In certain instances, they call themselves a democracy and don't let their people vote in important decisions. Government corruption is a huge problem that

Development in external trade of and migration to and from Denmark and Hungary between 1986 and 2006 Causes and effects of the transition of foreign trade and migration in Denmark and Hungary

895 words - 4 pages Appendix I.Table 1.1.Table 2.1.OECD, Euromonitor International from International Monetary Fund (IMF), International Financial StatisticsTable 3.1 Denmark's export by commodity groupTable 4.1 Denmark's foreign trade by regionsTable 5.1 Denmark's export market II.Tables 1.2Hungary's export, import and trade balance in the last 20 yearsKozponti Statisztikai

Women In Third World

1457 words - 6 pages In March 1947 the House of Un-American Activities Committee (HUAC) came to Hollywood to expose communist influence in the film industry. HUAC was invited to Los Angeles in 1947 by the Motion Picture Alliance for the Preservation of American Ideals, an organization whose motto was "co-existence is a myth and neutrality is impossible…anyone who is not fighting Communism is HELPING Communism." By 1951, HUAC had obtained more then 300 names

The United Nations Conference on Trade and Development and the Establishment of the New Economic Order

2498 words - 10 pages The United Nations Conference on Trade and Development and the establishment of the new economic orderTable of ContentsIntroduction ...............................................................................................................................3The role of UNCTAD in the international environment ...........................................................4The World Trade Organization

Developing the Third World

2218 words - 9 pages services offered by microfinance have the ability to promote economic development in poverty stricken families in the ‘third world’. Microfinance can be seen to promote the development of the third world through the alleviation of poverty, empowerment of women and increase their involvement in their economy. The mass momentum achieved by microcredit as a development strategy has cause discussion about its effectiveness in promoting development

Feeding The Third World

4101 words - 16 pages Feeding The Third World Millions of people today, despite technological advances enabling fish and meat production and crop yields to soar, are still living in hunger. It is estimated that nearly 30% of the world's population suffer from some form of malnutrition, and the majority of these people live in Developing Countries. Intensive and Subsistence Farming both present possible solutions to dealing with world hunger

The world banks role in developing third world countries.

702 words - 3 pages accountable for the destruction they have caused. As well as the corrupt governments in Third World countries who have allowed this damage to take place.BIBLIOGRAPHY:1) Environment and Development, Peter Bartelmus, Boston, Allen and Unwin inc, 1986.3) Economic policies for sustainable development, Asia Development Bank, 1990.4) Development studies: Beyond government Organisations for common benefit, Donald Curtis, Macmillan education Ltd, 1991.5)

Similar Essays

Technological Development And The Third World

1438 words - 6 pages Technological Development and the Third World TECHNOLOGICAL DEVELOPMENT AND THE THIRD WORLD I wonder if people in Third World countries know that they are considered the "Third World?" Do they use that term in reference to themselves? Do they have any perception of the comparison, judgment and bias that goes into that statement? I'd like to think that they don't. In the film about the Ladack people that we watched in class, it was

Technological Development And The Third World

1564 words - 6 pages of this were twofold; local people were suffering from lack of land to use for food production, and the potential land was useless because of the cash-crops.ENVIRONMENTAL RESULTS OF TECHNOLOGY :TODAYA more current example of the technological development that is resulting in environmental degradation is the misuse of resources. In Africa, industrial water pollution has become a widespread problem. Third World communities don't often have the

Third World Development Essay

2159 words - 9 pages Globalization? Despite apparent compatibility, when closely examined it is clear to see that Globalization actually contradicts Third World development due to the conflict of agendas. Both Globalization and Development hold views concerning market reform, social structure and regulation, which are incompatible at best and totally contradictory at worst. It is because of this, that one must be dominant over the other, and thanks to the power of

The Export Development Corporation (Edc). The Corrupt Ways The Crown Corporation Is Run And How It Brings Tragic Results To Third World Countries.

3008 words - 12 pages conveniently ignored is that it is only the EDC and the Canadian corporations that it invests in that generates profits, and the Third World countries where the projects take place are left in economic ruin.The EDC's Senegal River Basin Development project in West Africa, which was abandoned by the EDC when funds were exhausted, caused such economic damage to the people of Senegal. Since the damn seriously upset the basin's ecosystems it also