Third World Underdevelopment

11 Pages Posted: 20 Nov 2010  

Deep Ray

Unaffiliated Authors - Independent; National Academy of Legal Studies and Research (NALSAR) University

Date Written: November 19, 2010


The economically backward countries are referred to as “Third World Countries”, the term third world is considered to be derogatory and hence these countries are referred to as “Developing Countries”. The reasons for underdevelopment are numerous. In this paper the researcher has examined the different theories which explain underdevelopment in the third world countries. The third world countries have some features in common, they have been discussed in the paper. The various causes for underdevelopment have also been explained and examined. In conclusion the researcher has attempted to propose some solutions to the problems faced by the underdeveloped or developing countries.

Keywords: Third World, Underdevelopment, Modernisation Theory, Third World Debt Crisis, Economic Aid, Free Trade

Suggested Citation

Ray, Deep, Third World Underdevelopment (November 19, 2010). Available at SSRN: or

Deep Ray (Contact Author)

Unaffiliated Authors - Independent ( email )

National Academy of Legal Studies and Research (NALSAR) University ( email )

Medchal Road
Hyderabad, 502401

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