Economic Differences between First and Third World CountriesNameUniversityCourseTutorDateEconomy is a word that refers to the ly arrangement and management of internal dealings of a nation as well as any lunatic asylum that is kept up by production in concert with outlay . It is not only measured by the add together produced by a orbit , but also by what it produces . It is forthwith related to wealth or financial considerations . On the said(prenominal) note , advanced-income economies or first homo countries are the richest countries in the world . These are countries where most of the people ready high up living standards and the Gross National Income per capita was 9 ,266 or some(prenominal) in the 1999 . On contrary , a low-income economy orbit is a country whose Gross National Income is 825 or slender (The Worl d Bank Group , 2004 . These are the most frank countries of the world . This examines the economic differences between high- income and low- income economies as well as reasons for these differences .
It also outlines the possibility of nearby improvement in economies of these countriesThird world countries are marked by a number of selfsame(a) traits . First they study highly distorted and reliant economies educe to producing primary commodities for the first world countries . Additionally , they provide markets for unstained products from these first world countries Moreover , third world countries clear widespread beggary but despite the rural ! impoverishment and urban shantytowns , the elites are wealthy (Tmh , 2007 Further , they either absorb no or little industrial...If you want to get a full essay, order it on our website:
OrderCustomPaper.comIf you want to get a full essay, visit our page:
write my paper
No comments:
Post a Comment