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Jerry Yang

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Is it possible for Lesser Developed Countries such as countries in Sub-saharan Africa to become Developed Countries?

Lesser developed countries such as those in Africa are caught in an unending cycle of exploitation and third-world debt that makes it difficult to ascend the "ladder of development." Countries are exploited for natural resources by other, more powerful countries and multinational corporations. The exploiters do not return their monies to the country, so it is left to wallow in its losses. They attempt to break out of this cycle by taking in big loans useing those loans to industrialize and develop. But as they attempt to develop, the exploiters come back to take more from the country. Is it possible for countries to break out of this cycle?

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    Mar 19 2013: Hmm oh I know, the answer is YES.

    Emulate the countries that have accomplished this...
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      Mar 19 2013: The reason I bring up this point is that colonialism has led to a "neo-colonialism" that essentially enslaves LDC economies to the colonizers and Europe. According to world-systems theory proposed by Wallerstein, we have a socioeconomic power relationship between the core and the periphery. The core relies on the periphery to industrialize and function and gain power; thus, the core will exploit the periphery as much as possible. Because of this, the periphery is left without the resources it needs to industrialize.
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        Mar 19 2013: Say What?
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          Mar 19 2013: In simple terms, because the highly developed countries need a source for their economy, they look to the lesser developed countries for raw materials, and the LDCs are essentially beaten down by the HDCs.
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        Mar 19 2013: Say What?

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