What is the best economic theory of development for the Third world?
594515
The best actions to take would be the removal of regulations, the privatization of property, and allowing the marketplace to allocate resources.\n\nWithout profits and losses there is no way to know where resources should be applied and where they should be withdrawn. And you can't have profits and losses if you don't have private property.
775445
The growth of an economy can come from two sources.  Government investment or entrepreneur investment.  Although government investment can facilitate economic growth as in building new roads and water supply systems many times government development money is not put to the best economic use because that development money is dictated not by best use but by political and self interest considerations. \n\nEntrepreneur investment on the other hand tends to be much more efficient in promoting economic development because the main consideration in that investment is only return on investment.  The investment tends to gravitate toward where it can make the highest return and thus generate the highest economic benefit to the economy.  \n\nThat is why free market economies tend to outperform planned economies in general, because the free market tends to know better where the highest economic returns are located whereas the planners tend to funnel investments for their own personal interests.
1092386
The most comprehensive economics resource that I know of is The Mises Institute:\n\nhttp://www.Mises.org
754591
I think it's better to spend the money and help feed 3rd world countries instead of exploring things even though it might be useful.\nWhat we don't know yet won't hurt us but hunger is what we do know and we should try to fix it.
463843
I would say Monaco and Zimbabwe as the poorest. Monaco is the richest for sure per capita.
255780
Speak to your country's Executive Director at the World Bank, International Monetary Fund, or African Development Bank there might be a Policy Framework or an Intiative that could help you start-up.\n\nGood Luck and Prosper...;*!*;...
933734
An easy? Do you mean an essay?\n\nSocial studies.... maybe you can do something about the development of other countries or how lifestyles are different between us and third world countries.\n\nGood luck!
242347
It would help if you told us where you saw those terms used because academics like to throw random words like that around all the time. I've heard of developmental democracy, implying that a democratic political system hasn't been fully formed yet and only includes some elements of democracy (usually formal processes like elections, but no change of government). I would say a "developmental state" has the same idea behind it, maybe to include economic and social development.\n\nA minimal state, though, often referenced alongside "neoliberalist" economic policies refers to instances where governments limit their role in citizens lives. Accordingly, governments are only responsible for national security, law and order and regulation of market (but only to prevent corruption and economic crises).
639833
A third world country is a country ravished by poverty and disease. A 1st world counrty is the opposite.
1100122
Stop foreign aid which funds third world dictatorships.   Pull out western government intervention, since they are rarely ever able to achieve any of their stated goals, anyhow.  Let the corrupt regimes run out of money.  Eventually, they will be unable to pay for the rottweilers that keep the masses down.  Then the poor people have a fighting chance of beating their poverty.\n\nAs a side note, power has a way of attracting the the most corrupt, self-serving members of society.   So to see it in other countries, as well as my own, comes as no surprise.
116021
Low standard of living, under developed industrial base, low HDI... a lot of developing countries also tend to have large amounts of cheap labor (india for call centers, malasia for computer parts) which, despite common misconception, is actually very good for the developing countries.
563931
www.millenniumpromise.org\n\nAlso, I highly recommend reading "The End of Poverty," by Jeffrey Sachs.  He's an economist and a big wheel at the UN and also a professor at Columbia University.  I got the book out of the library just to have something to read.  I wasn't expecting much.  I stayed up until 4:00 a.m. reading, got a little sleep and finished the book at midnight.
70359
This question has multiple answers, as there are different types of "developing" countries.\n\nThe top strong, consistently developing countries are:\nChina, Mexico, India, Brazil, South Africa, Turkey, the Philippines, Egypt, much of South America, Malaysia, Thailand, and a few others.\n\nInconsistently developing countries include:\nMost countries in Africa, Central America, and the Caribbean (except Jamaica); much of the Arab world; most of Southeast Asia (except Singapore, Philippines, Brunei, Malaysia and Thailand); 76% of the world's nations fall under this category\n\nThen there are "developing" countries in long-term civil wars or dictatorships:\nHaiti, Somalia, Sudan, Burma, and even North Korea
308116
Maybe it is, but third world countries are primitive and backward compared to 1st and 2nd world countries.  They do things like wash their clothes by hand, have dirt floors in their homes, don't have electricity.
154075
We have a three way tie. East Timor,Somalia, Sierra Leone  all have a Gross Domestic Product per capita of $500
57927
No.  It comes from industrialization.  Most western nations have been industrialized for some time and it generates wealth.  Africa has resources, but have corrupt governments and tribalism that is hampering its ability to industrialize.  You have to get a centralized government that functions and have rules of trade that will allow people to earn profit for a country to industrialize.  Unless that happens, poor nations will stay poor.  It is not the work of the western world keeping them poor.  It is up to them to make it work.
1186676
Free trade with low barriers to trading would and should not increase corruption or poverty in poorer nations. How could any one get that idea??\n\nAs in the marketplace, the old phrase "buyer beware" is still applicable. The biggest embarrassment I remember is allegedly Nestle was pushing their breast formula with free samples, and native Africans were not breast feeding since their breasts ran dry.\n\nBut with free trade, both buyer and seller benefit. The only alternative to free trade is to drop out of the "world game" and remain backwards. Isn't that pretty much the definition of a 3rd world country anyway??