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China A Third World Country

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Last Updated: 31 October 2020

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President Trump recently called out China for claiming special privileges of poor countries tweeting that China, which is a great economic power, is considered a developing nation within the World Trade Organization. They therefore get tremendous perks and advantages, especially over the US. Does anybody think this is fair with a number of US-China trade disputes simmering, This criticism from Trump seems designed to justify his various tariff threats, on steel, aluminum and a wide range of other products. Like many of Trump's policy pronouncements, this one was clumsily framed and misleading, but had a grain of truth to it. If China is dominating the international economy, as you might conclude from the headlines, why is it classified as Developing and why does it get special treatment? The answer is fairly simple: When China began the process of joining the WTO in 1986, it was, in fact, quite poor. Its GDP per capita, taking into account purchasing power parity, was around $677, compared to $19 078 for the United States. However, critics are right that China's economy has grown substantially in recent years, and it is now time for China to become a more equal partner in international economic affairs. There is no official WTO Classification as to which countries are developing. This status is self-select, based on politics more than law or economics, and can be contest. It is a controversial point that usually stays buried beneath surface, but occasionally flares up into minor controversy. By declaring itself a Developing Country as part of negotiations, China was able to take on fewer commitments at WTO. However, 17 years into its WTO membership, China has surged to become the second largest economy in the world. Parts of China are now as advanced as parts of the Industrialized World. At the same time, before you assume that China has now graduated to rich country status, keep in mind that not all Chinese are doing so well. National Economic Council Director Larry Kudlow recently say, China is a First-World economy, behaving like a Third-World economy, but that is an exaggeration. China's GDP per capita, measured with PPP, was $16 660 in 2017. That is a vast improvement over where it was in 1986, or in 2001 when it joined WTO, but it is still much lower than the United States. This low figure for average wealth, despite high incomes in some big cities, is the result of substantial income inequality in China. And as a result, China can still call itself Developing in the context of the WTO. Nevertheless, it is undeniable that China is much richer as a whole than it used to be, and this is largely thanks to Economic Reform, including lowering its tariffs and liberalizing some sectors of the economy, that accompany China's accession to the WTO. In this sense, its economic status has change. While it is still developing, it is much closer to Developed Countries than before.

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* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Worlds within the World?

First, there were three worlds model origin of terminology is unclear. In 1952, Alfred Sauvy, French demographer, wrote an article in the French magazine l'observateur which ended by comparing the Third World with the Third Estate. Ce Tiers Monde ignore, exploite, meprise comme le Tiers Etat. Other sources claim that Charles de Gaulle coined the term Third World, Maybe de Gaulle only quote Sauvy. Definitions term First World refers to developed, capitalist, industrial countries, generally align with NATO and the USA. Bloc of countries align with the United States after World War II, which had more or less common political and economic interests, This included countries of North America and Western Europe, Japan, South Korea, and Australia. Some African countries were assigned to First World because of their links with Western Countries. The Western Sahara was part of Spain at that time. The Anticommunist Apartheid Regime of South Africa was, until May 1961, member of the Commonwealth, and Namibia was then known as South West Africa and was administered by South Africa. Angola and Mozambique were run by Portuguese like companies. There were some neutral states in Europe, such as Switzerland, Sweden, Austria, Ireland, and Finland, but they can be classified as First World in this context. Countries of First World Second World refers to former communist-Socialist, less industrialized states known as the Eastern Bloc. Countries in the sphere of influence of the Soviet Union; it include Soviet Socialist republics, countries of Eastern and Central Europe, eg, Poland, East Germany, Czechoslovakia, and the Balkans. And there were Asian communist States in the sphere of influence of China,-Mongolia, North Korea, Vietnam, Laos, and Cambodia. Countries of Second World Third World were all other countries. Mainly underdeveloped agricultural states and nations of Africa, Asia, and Latin America, where blessings of civilization benefit only small ruling elite and corporations and upper classes of former colonial powers. In principle, term Third World is outdated but still in use; today, politically correct designation would be less Developed Countries. What makes a nation Third World? Nowadays, term Third World is more often replaced by terms Least Developed Countries or Low-Income Countries. Whatever term is used, it serves to designate countries that suffer from high poverty, high child mortality, low economic and educational development, and low self-consumption of their natural resources. Countries that are vulnerable to exploitation by large corporations and industrialized nations. These are developing and technologically less advanced nations of Asia, Africa, Oceania, and Latin America. Third World Nations tend to have economies dependent on Developed Countries and are generally characterized as poor with unstable governments and having high fertility rates, high gender-relate illiteracy and are prone to diseases. One of the critical factors is the lack of a middle class; there is a huge impoverished population and a small elite upper class that controls the country's wealth and resources.


Defining Developing Nations

The World Trade Organization, also provides another point of reference. The WTO divides countries into two classes: developing and Least Developed. There are no criteria for these classifications, so countries self-nominate, though status can be contested by other Nations. WTO segregation comes with certain rights for developing country status. For example, WTO grants developing countries longer transition periods before implementing agreements that aim to increase trading opportunities and infrastructure support relate to WTO work. As an offshoot of WTO, Human Development Index is another economic status metric developed by the United Nations to assess social and economic development levels of countries. HDI measures and then ranks country based on schooling, life expectancy, and gross national income per capita. The World Health Organization and United Nations use Least Developed Countries to describe a set of 45 countries with low socioeconomic developmental indicators. This list is reassess every few years. These indicators are a combination of gross national income, human assets, and economic vulnerability. Afghanistan, Angola, Bangladesh, Benin Burkina Faso Burundi, Cambodia, Central African Republic, Chad Comoros, Democratic Republic of Congo, Djibouti Eritrea, Ethiopia, Gambia, Guinea-Bissau, Haiti, Kiribati, Lao People's Democratic Republic, Lesotho, Liberia, Madagascar, Malawi, Mali Mauritania, Mozambique, Myanmar Nepal Niger, Rwanda Sao Tome and Principe Senegal, Sierra Leone Solomon Islands, Somalia, South Sudan Sudan Timor-Leste Togo Tuvalu Uganda unite Republic of Tanzania Vanuatu Yemen Zambia

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

What does developing even mean?

In WTO, developing countries are entitled to special and differential treatment set out in 155 rules. However, none of those rules define what a developing country is. Instead, each member is able to self-designate, subject to challenges from other members. Being recognise as a developing country was one of three key principles China insisted on when negotiating to join the WTO in 2001. It face resistance. Several members cite the significant size, rapid growth and the transitional nature of the Chinese economy. In response, the WTO takes what it calls a pragmatic approach, meaning that China gets hardly any of the special treatment that would normally be accord to developing country. Read More: Vital Signs. Blame Trump, not China for looming trade and currency war. For example, under the Uruguay Round of tariff reductions that apply to developing countries already in the WTO, China would have only need to cut its average industrial tariff from 42. 7% to 31. 4%. Instead, it agreed to cut it to 9. 5%. Similarly, it agreed to cut its agricultural tariff from 54% to 15. 1%, instead of 37. 9% that would have been required had it already been in WTO. These put its commitments on par with those of developed rather than developing countries. On some issues, China's commitments far exceed those of even developed countries. For example, it agreed to eliminate all export subsidies on agricultural products, obligation that developed countries were only able to accept 14 years later. It also undertake to eliminate all export taxes, which are still allowed under WTO rules and still widely used by many governments. Many of China's WTO commitments were imposed only on it or modified general rules to either impose heavier obligations on it or confer less rights on it. Contrary to popular belief, China has received hardly any of the benefits that accrue to developing countries when it becomes a WTO Member, other than the ability to use the title of developing country.


Defining Developing Nations

Classification of nations as First World or Third World emerged during and after the Cold War. First World countries were known most highly industrialized whose views align with the North Atlantic Treaty Organization and capitalism. Second World countries supported communism and the Soviet Union. Most of these countries were formerly controlled by the Soviet Union. Many countries of East Asia also fit into the Second World category. Third World countries include nations in Asia and Africa that were not align with either the United States or the Soviet Union. Now, in part because the Soviet Union no longer exist, definition of Third World is outdated and considered offensive.


First, Second, Third, and Fourth World Countries

The Designation of Third World countries was created by Alfred Sauvy, French demographer, in an article that he wrote for the French magazine, l'observateur in 1952, after World War II and during the Cold War-era. The terms First World, Second World, and Third World countries were used to differentiate between democratic countries, communist countries, and those countries that do not align with democratic or communist countries. Terms have since evolved to refer to levels of development, but they have become outdated and are no longer used to distinguish between countries that are considered developed versus those that are considered developing. First World describes NATO countries and their allies, which are democratic, capitalist, and industrialize. First World includes most of North America and Western Europe, Japan, and Australia. Second World describes communist-socialist states. These countries were, like First World countries, industrialize. Second World includes the Soviet Union, Eastern Europe, and China. Third World describes those countries that do not align with either First World or Second World countries after World War II and are generally described as less-developed countries. Third World includes developing nations of Africa, Asia, and Latin America. Fourth World was coined in the 1970s, referring to nations of indigenous people that live within country. These groups often face discrimination and forced assimilation. They are among the poorest in the world.

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* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Argentina

Argentina is thought to be on the brink of falling into its ninth sovereign default, prompting some analysts to speculate whether the crisis-prone South American country might be tempted to accept funding from China. The intensifying risk of default comes as Latin America's third-largest economy struggles to recover from a painful recession, rampant inflation and stock market rout late last year. Could China provide funding? This is certainly not the base case, but it is in the back of people's minds, Jimena Blanco, head of Latin America at Verisk Maplecroft, told CNBC via telephone. China's relationship with Latin America has been developing for the last 10 years, so it is not a farfetched thought. There is no reason why we should not foresee China providing funding in exchange for commodities. She highlighted that agriculture would be the obvious choice for funding. Argentina is the world's top supplier of soymeal livestock feed and the third-largest corn and soybean exporter, according to Reuters. On Wednesday, Argentina's government wrap up week-long talks with the International Monetary Fund, as it battles to restructure $100 billion in debt, including $44 billion to the Fund. The IMF concluded that Argentina's rising public debts had become unsustainable, warning private creditors to expect meaningful losses on their investments. The announcement appears to lend support to Argentina's government, which has vowed to reject the kind of fiscal austerity measures the IMF typically recommends to cash-strapped countries seeking loans.

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Canada

Canada is a developed country. As the 11-largest world economy, Canada has a diverse economic base. It has a wealth of natural resources, including oil, gas, and coal. As such, country is able to support its own energy needs as well as export natural resources to other countries. Canada's proximity to the United States and favorable exchange rate have also triggered a strong manufacturing climate in the country. Global companies such as Procter & Gamble, General Motors, Ford and Honda are among those that manufacture products in Canada. Canadians enjoy universal health care coverage, with all residents having access to free medical care through government-provide program. Canada has a strong public school system and highly-ranked universities. In a recent study by the Organization for Economic Cooperation and Development, Canadian students demonstrate above-average math and science performances, placing them in the top 10 of all participants. Canada's top universities include the University of Toronto, University of British Columbia and McGill University. Canada also boasts a generous national pay leave program for new parents. With a robust economy, highly regarded educational institutions and a high standard of living for its residents, Canada display necessary attributes to make it a developed country.

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* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Chile

The term Third World arose during the Cold War to define countries that remain Non-align with the Communist Soviet bloc or the Capitalist NATO bloc. By this original definition, Chile is a Third World ' country, as Chile remained neutral during the Cold War era. However, today there is no clear or agree-upon definition of the term Third World. Base on current metrics, such as Human Development Index score, which take into account: long and healthy Life-Life expectancy at birth Being knowledgeable: Mean years of schooling and Education Index rating decent standard of living: Gross National Income per capita at purchasing power parity Republic of Chile by this metrics rank 42 out of 189 countries and would thus be consider First World nation by their HDI ranking. First World, which includes the United States and its Capitalist allies in Western Europe, Japan, and Australia. Second World consists of the Communist Soviet Union and its Eastern European allies. The Third World encompasses all other countries that were not-align during the Cold War. These neutral nations were mostly impoverished former European colonies and include nations of Africa, Middle East, most of Asia, and Latin America. Third World originally referred to countries that had not formally align with one of two superpowers, the United States and the Soviet Union. However, Switzerland, Sweden, Austria, Finland, and Ireland all remained neutral during the Cold War, and none of these countries have ever been called Third World. Today, Third World is used synonymously with terms like underdeveloped, developing, frontier market, and a host of similar words. The term Global South was created as an alternative to the Third World and is used by the World Bank and other political institutions. The logic behind this term is that most of the world's poverty is located in the Southern Hemisphere. South, Third World, or developing countries are all terms that are use interchangeable and generally reference nations that are less developed with higher levels of poverty. Chile joined Non-align Movement in 1971 by decision of Chile's socialist President Salvador Allende. 2000 CIA bulletin entitled CIA Activities in Chile, from United States CIA. GOV website, say: efforts by the United States to support anti-Communist forces in Chile date back to the late 1950s and reflect rivalry between the United States and the Soviet Union for influence throughout the Third World. The growing strength of the Chilean left, along with continuing fragmentation by conservative and moderate political forces, became increasing concerns through the 1960 70s to the United States, which wanted to avoid the emergence of another Cuba in the Western Hemisphere. Globally, Chile is often touted as an economic success story since they are highly industrialized and are major exporter. Since the 1970s, Chile has diversified its commodity-dependent economy of mainly copper into a wide range of products for export, such as forestry, salmon, seafood, fresh fruit, and, most famously, their wine.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

France

On January 23, Italys Deputy Prime Minister Matteo Salvini deride Frances apathy toward stabilizing Libya, claiming, probably because it has oil interests that are opposed to those of Italy. Deputy Prime Minister Luigi Di Maio supported this position two days later by claiming that French economic policies prevent African States ' development and contribute to increase migration from the continent. This rhetoric is nothing new and reflects the complex status of present-day European influence in Africa. Africa is the European Unions third-largest two-way trading partnerafter United States and Chinawith trade surplus for EU of 18 billion euros in 2017. Germany currently leads the EU in exports to Africa, and France ranks second. As effects of migration and resource scarcity ripple across both continents, European and African leaders are now coming to terms with needed economic, political, and security reforms. Here are four things you need to know about France-Africa relations given the evolving context with the European Union, China, and other emerging partners.


Defining Developing Nations

There can be few ways to divide up the world for purposes of economic segmentation. Classifying countries as First, Second, Third, and Fourth World was a concept created during and after the Cold War, which ran from approximately 1945 to the 1990s. In general, nations are typically characterized by economic status and key economic metrics like gross domestic product, GDP growth, GDP per capita, employment growth, and unemployment rate. In developing countries, low production rates and struggling labor market characteristics are usually paired with relatively low levels of education, poor infrastructure, improper sanitation, limited access to health care, and lower costs of living. Developing nations are closely watched by the International Monetary Fund and the World Bank, which seek to provide global aid for purposes of projects that help to improve infrastructure and economic systems comprehensively. Both organizations refer to these countries as lower-middle or low-income countries. Developing nations, or LMIC, can be the target of many investors seeking to identify potentially high returns through possible growth opportunities, though risks are also relatively higher. While developing countries are generally characterized as performing poorer economically, innovative and industrial breakthroughs can lead to substantial improvements in a short amount of time.

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* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Germany

Germany is a developed country due to both a thriving economy and a high quality of life for its residents. Drive by its highly skilled labor force, Germany is Europe's strongest economy, and it is the fourth-largest economy in the world. The nation is known for delivering world-class quality in products including machinery, motor vehicles, electronics, and pharmaceuticals. Germany recently surpassed China as the world's largest surplus economy, with its exported products exceeding its imported products. Top German companies include Volkswagen AG, Daimler AG, Siemens AG, BASF and Bayer AG. The country's per capita GDP is $47 268. German citizens enjoy access to universal health care coverage. All Germans must belong to a nonprofit sickness Fund that covers most necessary medical procedures and medications. In addition to providing adequate health care programs, Germany also provides public education to all of its residents. According to the OECD, German children are provided with access to early education programs. The German education system has dual vocational and academic track, training students to easily move into employment if they choose not to attend university. In addition, German students have recently shown progress in both reading and math performance.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Greece

Greece is develop country by most meaningful metrics. However, its well-document financial struggles in the last decade have caused doubt in some quarters: Things became so bad in 2013 that index provider MCSI downgraded Greece from developed economy to emerging market economy. As of 2016, Greece's per capita GDP is $26 680. This is sufficient for most economists to classify the country as develop. Its infant mortality rate, at four per 1 000 as of 2015, is very low. As of 2013, Greeks also have impressive life expectancy at 81 years of age. Greece's HDI is 0. 87, which also places it above the most common threshold for developed status. Greece has dominated headlines with its fiscal woes, but based on its per capita GDP, infant mortality rate, life expectancy, and living standards, it is still a very developed nation.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Sources

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

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