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Why Third World Countries Lag Behind in Development

October 28, 2013

There is no denying that third world countries are lagging behind considerably in development.

The first reason as to why third world countries lag behind in development is something to do with the fact that most of them have histories of colonialism, slavery and neocolonialism. Through slavery, they lost their best manpower to other countries. Through colonialism, they lost resources. And through neocolonialism, their efforts at ‘self-improvement’ are sabotaged.

The second reason as to why third world countries lag behind in development is something to do with the fact that many of them have bad governance structures. These are the sorts of countries where, for instance, navigating the bureaucracy to register a company is very hard. You just have to read this article about online corporation registration in Florida USA, and compare it with the process of registering a corporation in many of the third world countries, to get an idea as to why such countries lag behind in development.

The third reason as to why third world countries lag behind in development is something to do with the fact that many of them are geographically disadvantaged. Consequently, many of them have no natural resources (like minerals) to rely on, and a good number of them also happen to in places where the climate is very hostile.

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