Through my blog question on, what would be the result if the third world countries could come together as one state . I have decided to divide my questions into three blog questions. Through my three questions I will be able to access information in my research. My blog questions are:
a. What are the social characteristics of the third world countries together?
In this question I will be dealing with the social characteristics of the third world countries as one state . This is because I want to understand more o what are the social effects facing these countries
b. What are the economic characteristics of the third world countries together?
In my second question it is all about economic characteristics of the third world countries as one. I want to know and understand more on the economic activities that take place in these countries.
c. What would be the political traits of the third world countries together?
In my last question, I choose to focus on the political life these countries would adopt or how they are going to be living
Sources:
https://scholarlycommons.law.case.edu/cgi/viewcontent.cgi?article=1884&context=jil
https://unctad.org/system/files/official-document/ditcclpmisc24_en.pdf
https://www.britannica.com/topic/social-structure/Structure-and-social-organization
https://www.imf.org/external/np/exr/ib/2001/110801.htm
https://library.fes.de/libalt/journals/swetsfulltext/14830986.pdf
THE TRADE LIBERALIZATION.
Policies that make an economy open to trade and investment with the rest of the world are needed for sustained economic growth. The evidence on this is clear.No country in recent decades has achieved economic success. In terms of substantial increases in living standards of its people ,without being open to the rest of the world. In contrast, trade opening(along with opening to foreign direct investment)has been an important element in the economic success of East Asia, where the average import tariff has fallen from 30 percent over the past 20 years.[2]
Opening up their economies to the global economy has been essential in enabling many developing countries to develop competitive advantages in the manufacture of certain produts.Freeing trade frequently benefits the poor especially. Developing countries can ill-afford the large implicit subsides, often channeled to narrow privileged interest, that trade protection provides.[2]
Moreover, the increased growth that results from free trade itself tends to increase the income of the poor in roughly the same proportion as those of the population as a whole. New jobs are created for unskilled workers, raising them into the middle class. [2]
Sources:
1.https://twn.my/title2/twe/twe.htmhttps://www.pa-mojastories.com/wp-admin/post.php?post=16325&action=edit
2https://www.pa-mojastories.com/wp-admin/post.php?post=16325&action=edit
3.https://www.pa-mojastories.com/wp-admin/post.php?post=16325&action=edit
4.https://www.pa-mojastories.com/wp-admin/post.php?post=16325&action=edit
5https://www.pa-mojastories.com/wp-admin/post.php?post=16325&action=edit
