Third World Debt

Third World

Third World, the technologically less advanced, or developing, nations of Asia, Africa, and Latin America, generally characterized as poor, having economies distorted by their dependence on the export of primary products to the developed countries in return for finished products. These nations also tend to have high rates of illiteracy, disease, and population growth and unstable governments. The term Third World was originally intended to distinguish the nonaligned nations that gained independence from colonial rule beginning after World War II from the Western nations and from those that formed the Communist Eastern bloc, and sometimes more specifically from the United States and from the Soviet Union (the first and second worlds, respectively). For the most part the term has not included China. Politically, the Third World emerged at the Bandung Conference (1955), which resulted in the establishment of the Nonaligned Movement. Numerically, the Third World dominates the United Nations, but the group is diverse culturally and increasingly economically, and its unity is only hypothetical. The oil-rich nations, such as Saudi Arabia, Kuwait, and Libya, and the newly emerged industrial states, such as Taiwan, South Korea, and Singapore, have little in common with desperately poor nations, such as Haiti, Chad, and Afghanistan.

See A. R. Kasdan, The Third World: A New Focus for Development (1973); E. Hermassi, The Third World Reassessed (1980); H. A. Reitsma and J. M. Kleinpenning, The Third World in Perspective (1985); J. Cole, Development and Underdevelopment (1987).

The Columbia Encyclopedia, 6th ed. Copyright© 2018, The Columbia University Press.

Third World Debt: Selected full-text books and articles

The Due Diligence Model: A New Approach to the Problem of Odious Debts By Shafter, Jonathan Ethics & International Affairs, Vol. 21, No. 1, March 2007
PEER-REVIEWED PERIODICAL
Peer-reviewed publications on Questia are publications containing articles which were subject to evaluation for accuracy and substance by professional peers of the article's author(s).
Revisiting the Role of External Debt in Economic Growth of Developing Countries By Daud, Siti Nurazira Mohd; Podivinsky, Jan M Journal of Business Economics and Management, Vol. 13, No. 5, November 2012
Debt Relief Incentives in Highly Indebted Poor Countries (HIPC): An Empirical Assessment By Fonchamnyo, Dobdinga C International Advances in Economic Research, Vol. 15, No. 3, August 2009
PEER-REVIEWED PERIODICAL
Peer-reviewed publications on Questia are publications containing articles which were subject to evaluation for accuracy and substance by professional peers of the article's author(s).
National Responsibility and the Just Distribution of Debt Relief By Cappelen, Alexander W.; Hagen, Rune Jansen; Tungodden, Bertil Ethics & International Affairs, Vol. 21, No. 1, March 2007
PEER-REVIEWED PERIODICAL
Peer-reviewed publications on Questia are publications containing articles which were subject to evaluation for accuracy and substance by professional peers of the article's author(s).
Donegal V. Zambia and the Persistent Debt Problems of Low-Income Countries By Laryea, Thomas Law and Contemporary Problems, Vol. 73, No. 4, Fall 2010
Sovereign Debt Renegotiation: Restructuring the Commercial Debt of HIPC Debtor Countries By Walker, Mark A.; Faye, Barthelemy Law and Contemporary Problems, Vol. 73, No. 4, Fall 2010
Odious Debt: When Dictators Borrow, Who Repays the Loan? By Kremer, Michael; Jayachandran, Seema Brookings Review, Vol. 21, No. 2, Spring 2003
The Relationship between Aid and Debt in Developing Countries By Cahill, Miles B.; Isely, Paul N American Economist, Vol. 44, No. 2, Fall 2000
PEER-REVIEWED PERIODICAL
Peer-reviewed publications on Questia are publications containing articles which were subject to evaluation for accuracy and substance by professional peers of the article's author(s).
First World Governments and Third World Debt By Bulow, Jeremy Brookings Papers on Economic Activity, Spring 2002
Third World Debt and International Public Policy By Seamus O'Cleireacain Praeger Publishers, 1990
World Debt and the Human Condition: Structural Adjustment and the Right to Development By Ved P. Nanda; George W. Shepherd Jr.; Eileen McCarthy-Arnolds Greenwood Press, 1993
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