Developing Countries and Their Features:
It was the Industrial Revolution which bifurcated the World into two
distinctive parts. The Rich Countries and the Poor Countries. The rich countries
are consisted of US, UK, France, Germany and Australia etc.
The structure of Third World/developing Countries
will be evaluated by considering the following:
The developing countries are characterized with low living levels. Not only
the majority of the population of UDCs is poorer as compared with their western
counter-parts, but they are also wretched financially in
comparison with their own small elites living in big towns
and cities etc.
Here we shall discuss those factors and
problems/obstacles in the way of economic growth. They are as: