Economic Development

Economic Development - Economic Development: The 3 rd World...

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Unformatted text preview: Economic Development: The 3 rd World During the Cold War Problems in 3 rd World Countries Wealth could be produced on a mass enough scale to make living possible in the 3 rd World As colonies industrialization had been prevented and only a limited amount of infrastructure was produced Was not built to one day become an independent industrialized country Hard time finding trained workers because there were no research & training facilities Depend upon outside sources for certain resources and will be tied into global economic networks, hard to control how these networks work Lacked energy sources and raw materials like iron ore; will have to import these resources at great expense; also contributes to lack of control over economy Multinational corporation: radically change the character of the global economy, makes it very difficult for 3 rd world countries to compete 3 rd World Economies: Cold War issues U.S./ Soviet Union will attempt to steer the economy in order to gain alliances and increase their U....
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Economic Development - Economic Development: The 3 rd World...

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