Third World Dependency on First World

ECONOMIC GROWTH A COMPELLING MOTIVE TO DEPENDENCY Is ordinal World colony on First World development, practices, and funding avoidable? By Michael John A. San Roque ABS681M G01 Submitted to Dr. Ma. Elena Chiong-Javier October 9, 2012 Countries of the world gull been sharply divided along development. Countries that are economicalally buoyant, technologically advanced, and politically stable are termed Developed Countries or First World.On the other hand, countries that are technically and economically backward and are world trades suppliers of primary commodities are tagged Developing Countries or commonly referred to as Third World (Aluko & Arowolo, 2010). During the post-world war and until now, Third World countries dep complete greatly on First World in order to restore and improve their agricultural, technological, political, and economic conditions which are apparently known as development (Patterson, 1999).This development has connoted at least one thing to escape from t he undignified condition called underdevelopment (Esteva, 1992). No country would say that she doesnt want development to occur in her lands. Third World countries are nothing that wants to be something. It is, therefore, proper to say that Third World dependency on First World development, practices, and funding is not avoidable. This writing would present the evidences that would support the above notion.The evidences are based on the inevitable support given by Developed Countries in the form of foreign aid, technological, political, and economic advancement that the needy countries lack. Foreign Aid Foreign aid has become a focus and locus in the Third World. The Developing Countries are experiencing the opposite facets of development problems. First World countries offer aid through investment in the economy of the needy countries, loans, infrastructural development, funding of poverty-reduction programs, and also through supply of force hardware at subsidised rates.One of t he best examples of how a needy economy was not able to refuse a foreign aid was when the US created the The marshall Plan(officially known as theEuropean Recovery Program,ERP) that aidedEuropewhere theUnited Statesgave monetary support to help rebuild European economies after the end ofWorld War II. That quickly revived and integrated European economies into the global economy (Remenyi, 2004). Technology Transfer Third Worlds desire to background or eradicate the gap that separates their economy to that of the First World makes them receptive to whatever the latter does in order to advance its economy.One thing that Developed Countries have is their sophisticated technology that contributed much to the development of their industrial and agricultural sectors (Remenyi, 2004). The empirical analysis has also shown that the technological capability of the five richest countries in the world is round 13 times better than that of the five poorest. This technological progress magnetize s the poor countries and makes them realized that if they really want to enjoy the perks of development, they must adopt the advancement in technology of the rich countries (Nazara, 2000).The importance of technology in the industrializing Indonesias economic development has been well established. In the era of East-Asia Miracle, the country was regarded as one of the eight-spot economies in the region whose economic growth was founded on technical progress (World Bank, 1994). Political Ideologies The last factor that fosters inevitable dependency of Developing Countries to Developed Countries is their groovy and influential political ideologies. The world has seen how the excellent governance and political principles brought prosperous economy to rich countries especially the United States.The liberation of countries political mind has been necessity to break the chains of underdevelopment. This has become the stimulus for the poor countries to shift from tribal forms of authori ty to suffrage, political parties, elected representatives, and democratization. It also paved the way for the adoption of the political strategies, economic-boosting techniques, and the integration of Third World countries to global economy (So, 2011) Dependency Contemporary Way to Economic DevelopmentThe dependency of underdeveloped countries and domination of the developed ones are reinforced as the Third World states attempt to expand their economies (Patterson,1999). In pursuit of this endeavor, the Developing Countries has opened their hands to aid, practices, and ideologies that the economically, politically, and technologically successful countries are offering qualification Third World dependency unavoidable. REFERENCES Aluko, F. & Arowolo, D. (2010). Foreign aid, the Third Worlds debt crisis and the implication for economic development The Nigerian experience.Retrieved from http//www. academicjournals. org/ajpsir/pdf/pdf2010/April/Aluko%20and%20Arowolo. pdf Esteva, G. (1 992). The Development Dictionary A strike to knowledge as power. New Jersey Zed Books Ltd. Ferraro, V. (1996). Dependency Theory An Introduction. Retrieved from http//marriottschool. net/emp/WPW/pdf/class/Class_6-The_Dependency_Perspective. pdf Nazara, s. (2000). The Contribution of Technology in Economy The Decomposition of output Differentials in 1995-2000 Indonesian IRSAM. Retrieved from http//www. iioa. rg/pdf/Intermediate-2006/Full%20paper_Prihawantoro__Nazara. pdf Patterson, T. (1999). The Cold War, decolonization, and Third World development. In T. C. Patterson, Change and development in the twentieth century (pp. 113-150). Oxford Berg. Remenyi, J. (2004). What is Development? In D. Kingsbury et al. , notice issues in development (pp. 22-44). NY Palgrave Macmillan So, A. (2011). The Dependency And World-Systems Perspective. Retrieved from http//www. eolss. net/Sample-Chapters/C04/E6-99A-36. pdf World Bank (1993).