Least Developed Countries

Paper Summary:

This research paper examines whether the concept of "free trade" remains an oxymoron, and whether agreements such as NAFTA and the successors to GATT have any positive impact on less developed nations. The paper also takes a look at how foreign capital provides more opportunities and the utilization of the work-force in less developed nations. Also examined is whether the competition for the largesse of the capitalist countries among less developed nations will create animus, political in-fighting, and perhaps even military action.

Table of Contents
Introduction and Overview
Free Trade and Its Effect and Meaning on Less Developed Nations
The Flow of Capital and Its Effect on LDCs
Politics, Economics, Problems, Solutions
A Review, Projections, and Conclusions

From the Paper:

"Calvin Coolidge once said that the business of America was business. This is now true of every nation in the world. Of course, business is a far more structured and sophisticated part of the First and Second world countries. In fact, their globalization efforts are now creating opportunities as well as mischief in the less developed countries. By mischief, of course, one must understand the rituals for getting plants, roads, infrastructure, a work force and a place to train them and a splitting of profits and royalties with the governments (and, not incidentally with those who have the power to grant licenses and overcome bureaucratic snafus)."

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