1. Does the gap between rich and poor countries widened?
Moreover, the end of the cold war and the fall of communism in 1988 precipitated the communist countries to adopt a new model of economy. The models that were in place since World War II collapsed and the laissez-faire neo-liberal capitalism became the dominant ideology. ... They opened their markets to competition and to global economy. ... There are, at least, five different levels of development: industrialized countries, the economies in transition, the developed advanced countries, the less advanced countries, and the marginalized countries, for example those which suffer conflicts or ci...
- Word Count: 6472
- Approx Pages: 26
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- Grade Level: Undergraduate