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Things That Have the Potential to Pull Previously Successful States Into Third World Status

April 19, 2014   

Certain things have the potential to pull previously successful states into third world status.

The first thing that has the potential to pull previously successful states into third world status is bad governance. Governance, contrary to what many people imagine, is not just about the maintenance of law and order. Good governance is complex, and it involves the government’s hand being present in all sectors, both in overt and convert ways. When that fails to happen, you start seeing manifestations of bad governance everywhere.

The second thing that has the potential to pull previously successful states into third world status is corruption. Corruption affects all sectors and it soon leads into poverty: both at the individual level and at the state level.

The third thing that has the potential to pull previously successful states into third world status is depletion of natural resources. The wealth of certain states is predicated on certain natural resources (such as oil) meaning that the moment such resources are depleted, the countries sink into poverty.

The fourth thing that has the potential to pull previously successful states into third world status is natural disaster. A country that was already in a precarious situation just needs a single natural calamity to sink completely.