Third World Essay

socl 105 midterm exam Short Answer school principal #1 What becomes to mind when you here the term Third land? well-nigh of the people in the United States find it hard to come to terms with the life style and struggles that are associated with this term. The term, Third origination was first introduced during the Cold War. During this time, the First military personnel referred to the United States and its allies, here and now World consisted of the Soviet Union and its allies and the Third World was associated with the non-allied and neutral countries. After the second world war, these countries, who were mostly rude(a) to independence, were left trying to keep up with the fast ripening world economy. The countries that couldnt keep up were in dyer get of foreign involvement to help them develop. Thus, the term Third World development was introduced. These underdeveloped countries were categorized by their low per-capita incomes, high school illiteracy rates, limited development of industry, agriculture based economies, little life expectancy, and were often unstable politically (class notes). Plans to help publicize development in these Third World countries were first conceived at the Bretton Woods conference in 1944. Representatives of 44 countries met in Bretton Woods, N.

H to smatter about postwar financial arrangements. It was at this meeting that the supranational Bank for reconstructive memory and Development (World Bank) and supranational Monetary origin were developed. The World Bank consisted of five divisions the International Bank for Reconstruction and Development (IBRD; its main component), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee delegacy (MIGA), and the International Center for Settlement of Investment Disputes (ICSID) (answers.com/topic/worldbank). The ii main divisions associated with development were the IFC and IDA. The IFC did its part by lending gold to private business in developing... If you want to get a full essay, order it on our website: Orderessay

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