This means that for development to occur in underdeveloped countries there is need for developed countries provide aid to developing countries to enable them learn from their own progress. ... The theory also  believes that  underdeveloped  countries could  grow faster  than developed countries and  catch up and that it was possible for equal development to be reached between the underdeveloped and developed countries 4. ... This enables countries to use it as a rough guide to development. Shows what stages the countries are in. ... Only shows the economic growth of a country. 7. ...

• Word Count: 1274
• Approx Pages: 5
• Has Bibliography

Events that take place in very influential countries, such as the United States, also have a tendency to make a larger impact on other countries because more relationships are tied through them. ... There are also some people that believe this is not a good thing and that it leads to " global inequality as resulting from historical exploitation of the poor, underdeveloped societies by rich, developed societies." ... One of the biggest arguments presented is about the process of infusion of capital from first world countries into countries that are less developed. ... Two major advantages of th...

• Word Count: 1216
• Approx Pages: 5
• Grade Level: Undergraduate

Such underdeveloped countries are plagued with the necessity of adhering to the dictates of the semi-globalized economy of the world and forces out side their control play a major factor in influencing policies at home. ... Society It is but natural that the economy of a country has a deep impact on its social structure. ... To deal with situation such as this, many government of the underdeveloped nations have resolved to hear the advice of international forums such as the World Bank and Group of 8 developed countries; this means the introduction on non-state actors in the social senario....

• Word Count: 1345
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

Back then, several countries were trying to acquire land for several military, economic, and political reasons. ... Modernization theory analyzes the economic gap between rich and poor countries, and focuses on the idea that a country must industrialize itself in order to become modern. Advocates of this theory believe that wealthy countries succeed in light of their embracement of industrialism. ... The Dependency theory supports the idea that an inequality between two nations is the reason for one being underdeveloped. ... This helps illustrate how, even after a weak country manages to win i...

• Word Count: 500
• Approx Pages: 2
• Grade Level: Undergraduate

Actually, there are also some other African countries sharing the same situation or even worse. Due to the similarity in the developing process of Ghana and those African countries, if a solution for Ghana's economic hardship is found, it may also be applied to the African countries that are facing the same problem. ... First, Ghana's underdeveloped economy today can be greatly attributed to the regionally skewed distribution of colonial development. ... Also, the drastic difference in modernization between these two regions brings great difficulty to the country, for the more modern...

• Word Count: 1713
• Approx Pages: 7
• Grade Level: Undergraduate

ECLAC maintains country offices in Bogotá, Brasilia, Buenos Aires and Montevideo, and a liaison office in Washington, D.C. ... Specifically, industrialized nations were selling increasingly expensive manufactured goods to the periphery in return for raw materials at increasingly unfavorable terms of trade for underdeveloped countries. ... Economic exploitation and political manipulation by rich countries presented a good explanation for the underdeveloped condition of many Latin American countries. ... While dependency theory highlights some truths - e.g., the consequences, particularly...

• Word Count: 1742
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate

The country is also at a high level of international debt, in the hope for long term investments. ... Ownership and resources The state owns most of the industry and land in the country. ... Around 80% of the population lives in the country, mainly being in the industry of rice growing. ... Foreign company are having problem trying to deal business with the country's underdeveloped commercial law. ... They are insisting on expanding trade and investment links between the two countries. ...

• Word Count: 872
• Approx Pages: 3

According to Lohan (2004) if people in a country die at a young age due to preventable diseases, a country cannot be regarded as a developed country, similarly if most people in the country cannot read and write and does not have access to clean water and enough income to afford basic amenities of life. ... Trade liberization for underdeveloped economies have proven to have some serious side effects as it may lead to dumping of cheap and substandard products into the developing countries markets by the developed countries which undermines local industries that produce the same products. ... As...

• Word Count: 1491
• Approx Pages: 6
• Has Bibliography
• Grade Level: Graduate

Different needs of people in different countries affect the business and economy relative to each country (Belkaoli 88). ... The ways in which a countries economics work are all unique, with respect to that country (Burns 57). ... This is why sweatshops are located mostly in third world countries, where the economy is underdeveloped, and proper business protocol is ignored. ... Accounting principles vary greatly from country to country. ... Countries toda...

• Word Count: 1999
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

The effects of Globalization From a social standpoint, the demands of the global economy are bringing about profound changes in the work habits and lifestyles of people in their own native countries. ... And I quote Madison who states that with globalization, the world have in fact already witnessed in various countries in East and Southeast Asia is a steady erosion of "bureaucratic authoritarianism" the once very fashionable belief in the efficacy of managed capitalism. ... In doing so, they have been responding to demands on the part of their increasingly middle-class citizens to see econ...

• Word Count: 1907
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

Although the term its self is not used often, one can clearly see the effects of Neo-liberalism in a country like the U.S for example. ... Even though some countries found that buying into to such a system would be much easier than opposing it, other countries realized they didn't have a choice and/or were pressured with threat of sanctions and penalties to adopt a neoliberal set of morals and principles. ... Look at the United States in Iraq for example, when the U.S invades a country like Iraq in the name of neoliberalism, it promises to raise standards of living, spread democracy and b...

• Word Count: 2010
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

Though many United States consumers associate globalization with leading multinationals like Coca-Cola or GE that have huge operations in many countries, small businesses have actually been one of the main drivers of global integration (Kurlantzick, 2003). ... In the past, entrepreneurs have been known to bring the new technology to underdeveloped nations. To keep this tradition operating, researchers have to establish technology that is easy to comprehend and conform to the culture in the developing countries. ... This may mean traveling to the country that is being considered and overseeing ...

• Word Count: 2048
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

Brief Economic History and Government Policy Korea was one of the poorest countries in world after experiencing two wars. ... The country even experienced a food shortage so that it had to heavily rely on the foreign aid. ... However, since 1965, Korea has been transformed from its underdeveloped agricultural economy to a leading Newly Industrializing Country. ... This boom in imports of the world reflected the fact that the industrialized had not yet erected import barriers against exports from developing countries and were, on the contrary, quite active importers of cheaper goods from Newly ...

• Word Count: 2573
• Approx Pages: 10
• Grade Level: Undergraduate