Poverty, Inequality and strongUnderdevelopmentstrong in Third World.pdfVIP

IOSR Journal Of Humanities And Social Science (IOSR-JHSS) Volume 15, Issue 6 (Sep. - Oct. 2013), PP 33-38 e-ISSN: 2279-0837, p-ISSN: 2279-0845. www.Iosrjournals.Org Poverty, Inequality and Underdevelopment in Third World Countries: Bad State Policies or Bad Global Rules? Ashaver, Benjamin Teryima Department Of Political Science Benue State University, Makurdi – Nigeria Abstract: This paper examines the twin issues of poverty and inequality as well as the underdevelopment of Third World Countries to see if the above have been caused by bad state polices of these countries or bad state global rules using the Neo-Marxist or Dependency School, the paper discovers that even though many developing countries have good state policies, their implementation has been hindered by bad global rules which are weighed against Third World Countries, especially Africa. This has hindered development in these counties. It is an established fact that development cannot take place where there is mass poverty and inequality. Drawing examples from some Third World Countries, it is clear that global rules are not in favour of the Third World. It is the position of this paper that if Third World Country must develop they must extricate themselves from the intricacies of global rules through the globalization process. I. Introduction There is no doubting the fact that Third World Countries are naturally endowed in both material and human resources. It is rather pathetic that some of these countries are so underdeveloped despite this natural advantage. The plundering of the resources of these countries during colonialism has largely been responsible for this present situation. Even though some of the counties