- Ngi Tantoh
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What are the problems facing Third World countries?
''The main problem begins with money and the economy. Governments only get money from two sources, borrow or tax. 3rd world counties do not have high GDP (Gross Domestic Product=total value of all goods and services produced in a country) to tax. They also do not have the stability or security to borrow like larger nations do. All they can do is print more worthless currency, which drives up inflation, and nobody can afford anything
Another is lack of agriculture equipment, technology and infrastructure. You can have vast, fertile land. But if you do not have the ability to plant, harvest in a well managed environment, your crop potential decreases. What you do produce, must be shipped into the processing areas, and then distributed to the population. With out trucks, roads, and rail, that cannot be done efficiently.
They are also very vulnerable to government collapses or overthrows. Many larger nations choose to control the country, to buffer themselves from their enemies. or establish a foothold near enemy territory. The population is generally very poor, and unhappy. That makes revolutions easy and common. When a government is vulnerable and unstable, long term goals and wealth creation are impossible to achieve.''