The economic situation which exists in the developing world today, is the
result of the relationship between the modern, and developing nations of the
world. Modernized nations benefited from this relationship because it gave them
access to natural resources. However, because of this relationship, many
developing nations now suffer from severe problems. These nations are
attempting to change the situation in which they struggle.
A political cartoon I have recently seen illustrated the economic relationship
between the industrialized world and the developing world. It shows that the
industrial nations, The United States and Europe, are located in the northern
hemisphere. On the other hand most of the developing world, Central and South
America and Africa, are found in the southern hemisphere. The "well fed", well
dressed individual holding the industrialized world indicates that the
modernized nations of the world are prosperous, and have a high standard of
living. The skinny, poorly dressed individual holding the developing world
indicates that the developing nations of the world are not prosperous, and have
a lower standard of living than do industrialized nations. Both individuals are
supporting each other in such a way that if one is removed, the other will fall.
Without resources to use, industry would not be able to maintain its existence.
Likewise, without a market for their resources, or the products of industry, the
developing world would not be able to maintain its existence.
Two current problems which exist in the developing world today are political
instability, and rapid urbanization. Political instability causes economic
problems in places such as Africa, and South America, where many governments are
being overthrown. When a government is inconsistent, a tax system cannot be
established and revenue can't be collected. If a government doesn't receive
revenue, it cannot provide sanitation, or... [continues]
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(1999, 10). Problems of Modernization in Developing Nations. StudyMode.com. Retrieved 10, 1999, from http://www.studymode.com/essays/Problems-Modernization-Developing-Nations-4220.html
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"Problems of Modernization in Developing Nations." StudyMode.com. 10, 1999. Accessed 10, 1999. http://www.studymode.com/essays/Problems-Modernization-Developing-Nations-4220.html.