Author Archives: jimluke

Unit 4: Can the Poor Be Trusted?

Let’s shift our attention away from the so-called “developing nations” where the average person is poor, to the poor of the developed and emerging nations. In developing nations, the central issue is how to raise the general level of productivity of the economic system. The issue is a lack of development and industrialization. Put simply,… Read More »

Unit 4 – The Bottom Billion

Completing the World Tour In previous units we studied the developed nations, the so-called first world of the G-8 nations. In the last unit we expanded our study to include the BRIC’s and the many other emerging market nations, the nations that can reasonably be projected to converge on first world levels of economic development… Read More »

Unit 3-The New Second World

Emerging and Newly Industrialized Markets Who Are They? Politically, it is no longer considered acceptable to refer to countries as “second” or “third” world since the connotation is often taken to imply a secondary, or less-important political status.In this course I use the terminology “second world” not to mean secondary in importance, but rather as… Read More »