A recent article in Newsweek comes with an unexpeted story: despite the economic gloom, a looming credit crisis, failing holiday shoppings in Great Britain and the US, the numbers tell us something other about most developing countries outside western Europe and the US. On the contrary: the future looks actually quite bright, when 98% of all countries worldwide show GDP growth rate of 5% and above (except Tonga, Fiji and Zimbabwe).
But will these countries sustain their economic ‘boom’ in the coming decades, with an increasing pressure on climate and natural resources? And will they turn their economic development into wealth of the masses, or will they keep it in the hands of a few (but growing number of) despots? Here’s how…
Tags
Developing Countries,
Economic Development,
Globalization & Global Culture
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