Western guilt and Third World Development: Part 2

Joseph Baafi Antwi

MPRA Paper from University Library of Munich, Germany

Abstract: This work considered the argument of the opponent of Western guilt and the final verdict was issued. The four thematic areas; colonialism, neo-colonialism, slave trade and trade barriers were used. The work found that these events were of enormous benefits to Third World countries though widely criticized by the proponents of Western guilt. The work also considered factors that have resulted in the underdevelopment of Third World countries. These factors were identified as human resource development and corruption. If these two factors were given serious consideration, Third World countries would have developed much faster with the abundant physical resources at their disposal. The verdict was that, the density of Third World countries lies in their own hands. Their development cannot be trace to any event present or future. Realizing the need for human resource development and fighting corruption is an important foundation that Third World countries must lay.

Keywords: Third World Countries; Developed Countires; Corruption (search for similar items in EconPapers)
JEL-codes: F02 (search for similar items in EconPapers)
Date: 2011-05-18, Revised 2011-05-19
New Economics Papers: this item is included in nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:31012

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