... Third World countries are over dependent on one or two primary products for example; basically all countries in the Caribbean depend on advanced industrialized countries for electronic products such as TVs and cars or for food products. Some theorists believed that economic growth in the "First world" countries did not necessarily lead to growth and development in the poorer countries. The poorer countries are those in regions such as Latin America, Africa and Asia who have a small income and heavily rely on the export of a single product for foreign exchange revenue. Raul Prebisch states that 'third world' countries exported primary products or minerals to the 'first world' countries such as oil, bauxite, sugar etc who then manufacture the products because of lack of resources in those countries and then it is sold back to the poorer countries. Underdevelopment is an active part of impoverishment as a result ...

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