Developing Countries and Their Features:

Introduction to Developing/Underdeveloped/Less Developed/Third World Countries:

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. Continue reading.

Structure of Developing Countries:

The structure of Third World/developing Countries will be evaluated by considering the following: Continue reading.

Common Characteristics of Developing/Third World Countries:

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. Continue reading.

Problems/Obstacles in the Way of Economic Growth:

Here we shall discuss those factors and problems/obstacles in the way of economic growth. They are as: Continue reading.