Economic Structures in the third world: concerning production, infrastructure and foreign trade. Development in the Third World.

Economic Structures in the third world: 1)-A common way of defining a Third World country is by using economic criteria. Describe what the economic structures most commonly look like for a majority of Third World countries concerning production, infrastructure and foreign trade and what reasons may be for this situation. "Third World" was first used as a political term to describe countries that were not part of the second world, communist countries of the east …

…many firms are looking for. Companies have a fear of nationalization and are more hesitant to put "home" basis in third world countries. It can been seen as a temporary solution for third world countries to embark into industry with FDI and still does not resolve the dependency of third world countries on first. FDI can have both positive and negative effects and that It can decrease and increase the inequalities in-between and inside counties.