1. How Useful Is The Term "Third World" In Today's Economic And Political System?
For example, America can influence the political process of Iraq, Chinese could produce Nokia cell phones even if they are manufactured by Finland, and people from over the world can watch American movies. ... For example, 90% of toys in America are made in China, and over 50% of clothing in America is made in developing countries. ... In the article, "Negative and Positive Effects of Globalization for Developing Country Business," author Don Mcccubbrey, quotes, "Many governments in Latin America (e.g. ... In much of Latin America, import liberalization has been credited with i...
A developed country is one which provides a high standard of living to its people as a result of the per capita income and Gross Natural Product. Many European countries which have already developed all their resources and have reached a high level of development can now generate their own capital ...
Nowadays, there are lots and lots of people suffering from poverty all over the world. The gap between the rich and the poor is still increasing. Day by day, the rich become richer and richer, while the poor become poorer and poorer. The situation now is very serious. Well, there is a hot wire. ...