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46 - Jayant Bhandari: The Reality of the Third World

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What Happened to Third World Countries in the 1980s?

When Europeans pulled out of third world countries in the 40s, 1940s, what happened was that virtually every third world country started to deteriorate rapidly. Worst of all, they even failed to keep pace in terms of economic growth with the European countries. In late 80s a new gift arrived in the third world from Europe and the US that gift was internet technology. That enabled a huge amount of flow of economic benefits into the third world. At the same time, China started to grow very rapidly and this is the only third world country that has the potential to become a first world country. Now, you are comparing elephants with ants here so you should not be comparing but let's assume we

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