5.1 KEY SOCIAL ISSUES IN THIRD WORLD COUNTRIES.
This piece of writing will also discuss key social issues that are identified within third world countries which also play an important role in delaying the development within these countries. It has been said that development is slow in third world countries as these countries are experiencing some difficulties such as the unemployment rates which is increasing; there is a huge number of unemployed population within third world countries. As a result of high unemployment rates, people are still subjected to poverty (Farah, Kiamba, and Mazongo, 2011). Furthermore, third world countries are also characterized by economic inequality which is also referred to as the gap between rich and poor, huge …show more content…
Government lacks skills of managing infrastructure, which result to the impossibility of development and among other things corruption is said to be one of the major challenges that makes development be an impossible in the third world countries (Patterson, 1996). Free market trade without protectionist is also a cause of the underdevelopment in third world countries because it destroys the internal market (Patterson, 1996). This is so, because free open market trade is only benefiting first world countries as it destroys the internal markets within third world countries by imposing the multi-national corporations which happen to provides a state with what is in need of and in as much as they provide development in terms of infrastructure by building roads and railway lines and other necessary aspects which assist them in transporting their goods but at the end all the profit is transported to the parents companies which owned this MNCS, as a result parents companies of the MNCs are those countries that are called first world international systems (Patterson, …show more content…
The colonization distorted pace of cultural growth, As a result of colonization the politics of the colonies has led to the unbridgeable cultural gap between the beneficiary nations and the victims (Farah, Kiamber, and Mazongo, 2011). Furthermore, foreign direct investment consists of both tangible and intangible assets which play a vital role in the global economy, foreign direct investment can affect growth and development by complementing domestic investment by facilitating trade and transfer of skills and advanced technology (Farah, Kiamber, and Mazongo, 2011). The other trend or challenge faced by the third world countries is a foreign aid Farah, Kiamber and Mazongo (2011) claim that the current situation of the international system makes it necessary for the first wold countries to grant an aid to needy countries, this is so because it has been claimed that it will assist underdeveloped to be able to develop them. However, this foreign aid put third world countries into both internal and external debt which makes it difficult for third world countries to develop themselves (Farah, Kiamber, and Mazongo, 2011). Additionally, the other issue faced by the third world countries is the issue of climate change which
This piece of writing will also discuss key social issues that are identified within third world countries which also play an important role in delaying the development within these countries. It has been said that development is slow in third world countries as these countries are experiencing some difficulties such as the unemployment rates which is increasing; there is a huge number of unemployed population within third world countries. As a result of high unemployment rates, people are still subjected to poverty (Farah, Kiamba, and Mazongo, 2011). Furthermore, third world countries are also characterized by economic inequality which is also referred to as the gap between rich and poor, huge …show more content…
Government lacks skills of managing infrastructure, which result to the impossibility of development and among other things corruption is said to be one of the major challenges that makes development be an impossible in the third world countries (Patterson, 1996). Free market trade without protectionist is also a cause of the underdevelopment in third world countries because it destroys the internal market (Patterson, 1996). This is so, because free open market trade is only benefiting first world countries as it destroys the internal markets within third world countries by imposing the multi-national corporations which happen to provides a state with what is in need of and in as much as they provide development in terms of infrastructure by building roads and railway lines and other necessary aspects which assist them in transporting their goods but at the end all the profit is transported to the parents companies which owned this MNCS, as a result parents companies of the MNCs are those countries that are called first world international systems (Patterson, …show more content…
The colonization distorted pace of cultural growth, As a result of colonization the politics of the colonies has led to the unbridgeable cultural gap between the beneficiary nations and the victims (Farah, Kiamber, and Mazongo, 2011). Furthermore, foreign direct investment consists of both tangible and intangible assets which play a vital role in the global economy, foreign direct investment can affect growth and development by complementing domestic investment by facilitating trade and transfer of skills and advanced technology (Farah, Kiamber, and Mazongo, 2011). The other trend or challenge faced by the third world countries is a foreign aid Farah, Kiamber and Mazongo (2011) claim that the current situation of the international system makes it necessary for the first wold countries to grant an aid to needy countries, this is so because it has been claimed that it will assist underdeveloped to be able to develop them. However, this foreign aid put third world countries into both internal and external debt which makes it difficult for third world countries to develop themselves (Farah, Kiamber, and Mazongo, 2011). Additionally, the other issue faced by the third world countries is the issue of climate change which