The Following Three Concepts Describe How the World Has Been Divided According to the Levels of Development. Discuss the Origins and Validity of These Concepts: Third World/South, North (West/First World), Development

This essay attempts to compare and to contrast the theories of Walt Rostow's stages of social and economic development and Wallerstein's world system theory. The Rostow's five-stage model of economic growth and core-periphery concept of Wallerstein’s three-part world system theory are both used to identify a country's development. Although they have similarities, there are differences between the two models. Rostow's five-stage model emphasizes on the development process of countries. On the other hand, Wallerstein's three- part world theory focuses more on the characteristics of the three parts of the world.

Beginning with the end of colonialism, European nations found themselves unable to maintain military forces that would be use to monitor and enforce their empires. Colonial followers began their quest to liberate themselves from the tight hold of the imperialistic empire. By freeing themselves from the imperialistic control colonists hoped that poverty would be reduced and the standard of living would increase so that they can begin to enjoy the same fruits likewise of the highly developed nations

Words are powerful. When the average person in North America hears the term ‘first world’ or the phrase ‘first world problems’ it’s merely a way of classifying our world, and is not that deep. For many, ‘first world’ refers to countries that are advance and are leading the rest of the world such as Canada and the US. Conversely, many people would refer to many countries in Africa as ‘third world.’ ‘First world problems’ is an expression people from the first world nations use to complain about nonsensical issues. First world, second world, third world. Developed countries, developing countries, less developed/underdeveloped countries. Who created these terms and concepts? What is the intent behind them, and what are the layered meanings

While beginning to read “If You Shouldn't Call It The Third World, What Should You Call It?” by Marc Silver it made me think and I was a little confused at first. I had to re-read this article about two times to get a full grasp on what was being discussed. This article talks about the fact of what to call these “developing countries”. There are many different ways of going about how to recognize each one. Therefore, Silver goes and gets opinions on the labels by speaking to experts on the subject. A lot of the times, assigning the name, “Third World” to a country can widely be referred to as “poor”. Paul Farmer goes on about this label to say, “It’s not like the First World is the best world in every way.” This resonated with me, because it

While identifying the power relation between the colonizer and the colonized as the dominant and the marginalized, postcolonial critics explore the way in which modes of representations and perception in colonial language and culture serve as fundamental weapons of the colonial power to make colonized peoples subservient to its colonial rule. The British Empire, for instance, aspires to get both colonizing and colonized people to see the world and themselves in a particular way. The empire internalizes this particular way of regarding the world as the reflection of the natural order of things. In this way, the British Empire represents the universal values. On the other side, under colonialism, the colonized people were made subservient to ways of seeing and perceiving the world which reflect colonialist values. They were imparted the Eurocentric belief that the value system of the colonizer represents the best worldview and the colonizer should be responsible for rescuing the colonized people, whose values are deemed as inferior, uncivilized and lacking. These effects did not evaporate after the end of colonization but continued to prevail in the once-colonized nations. In response, postcolonial critics strive to resist against and contest these imperialist ideologies and their claims to

By definition development means ‘the act or process of developing; growth; or progression’. The world’s nation-states are commonly categorized based on their state of development; nations who have reached the end-state, that being developed, are colloquially termed as ‘developed nations’ or ‘first world nations’. In contrast, nations working towards this end-state are referred to as ‘developing nations’ or ‘third world nations’. However obvious or apparent these designations may seem, the constituents affecting the status of a respective nation’s development is quite convoluted. What qualifications do developed nations hold over developing nations; what does it mean exactly to be developed or developing. The process of development is dynamic, and so is the system by which nations received their designation. A series of indicators, institutions and measures are used to assess the state of a nation’s development; historically, these indicators have varied throughout time and space.

The term ‘Third World’ came around during the Cold War to classify countries/continents that remained self-governing with a capitalist or communist government. This definition allows us to categorise the nations of the world into three groups based on social, political, and economic distribution. These groups are; the First World, the Second world and the Third world.

“Despite these and other similarities, however, the Bank and the IMF remain distinct. The fundamental difference is this: the Bank is primarily a development institution; the IMF is a cooperative institution that seeks to maintain an orderly system of payments and receipts between nations. Each has a different purpose, a distinct structure, receives its funding from different sources, assists different categories of members, and strives to achieve distinct goals through methods peculiar to itself.” [1] The World Bank Group, which is headquartered in Washington, D.C., is made up of five institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID). Each institution plays a separate but necessary role in the group’s collective mission of lessening global poverty and improving living standards throughout the developing world. “Together, they provide low-interest loans, interest-free credits, and grants to governments and the private sector in developing countries for investments in education, health, infrastructure, communications, and many other purposes, as well as services in support of those investments.”[2]

Target Audience: This policy brief is addressed to the Board of Governors of the World Bank Group, which

There have been countless consequences of colonialism by European nations. The power of the church bent to the desire for land and wealth, warped to justify atrocities impacting the globe. Unfortunately, there is one consequence that continues to devastate nations throughout the globe today; violence. To begin to understand the effects we must first understand why and how we got to the point of no return and the driving factor behind unsolicited and at times, bloody invasions across the world. This ongoing turmoil and social injustices lead us to a resounding No.

National and international development is a human instinct and serves only one specific purpose; which is the advancement of humanity and specifically the betterment of the quality of life for everyone. The terminology ‘development’ usually includes such areas as foreign aid, healthcare, equality, infrastructure, economics, human rights and education as well as many others. International development differs compared to national development; it was created by governments and institutions after World War Two in order to concentrate on topics like easing poverty and to improve living conditions in destroyed countries, but more importantly in former colonies which were now free and to become part of a different and hopefully better world.

The World Bank assumes a part in the speeding up of globalization by giving debt relief on to low income nations. It is an international financial institution providing low interest loans to developing countries for education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource

The World Bank is an international financial institution that provides loans to countries of the world for capital programs. The World Bank Group has set two goals for the

The world has witnessed an ongoing transformation involving the various changes regarding development approaches and classification of communities. Interestingly, this diversification of the world has started with the end of the World War II. This remarkable point indicates the first definition of ‘underdeveloped’ for the first time in the history. In Gustavo Esteva’s article, it is pointed out that dated from 1949,the concept ‘underdeveloped’ commenced to take place in literature after the expression by Truman following the Second World War. ( Esteva: 6) This was a major turning point that the communities belong to so called undeveloped part of the world have been threatened by the US hegemony which has roots from the 1940s.

The World Bank is an international organization affiliated with the United Nations with the purpose of financing projects that improve the economic development of its members. The World Bank is headquartered in Washington D.C and it is the main source of financial assistance to developing nations. The Bank also provides technical support as well as policy advice and oversight on behalf of international creditors in the implementation of free-market reforms in developing countries. Along with the IMF and the WTO, the Bank plays an important role in the establishment of economic reforms in public institutions in the developing world an it also has the function of setting the global economic agenda (Chossudovsky, 2017).