The term third world is used to describe several countries in Africa, Asia, and Latin America. These countries are characterized by their low per capita incomes, limited industries developments, and high rates of illiteracy levels (Chandra, 1992). Furthermore, most of these countries have unstable political structures, short life expectancies, and lower degree social mobility. There are 120 countries in the world that are classified as third world countries; these countries share the history of unequal encounters with the developed world. This paper will discuss the opportunities and constraints that these third world countries encounter in the global system in the perspective of their development. Many third world countries have continued to face numerous challenges, however though; majorities of these countries have embarked on transforming their economies in liaison with their developed counterparts. Moreover, they have embraced various industrial and agricultural activities thus enhancing their share in the global system. On the other hand, most of these countries have also committed much of their efforts in transforming or changing their rural based agricultural activities to modern based industrial entities (Bulmer and Warwick, 1993). These developments have enabled some of the third world countries to achieve substantial achievement in the aspects of industrialization. Economical experts argue that many third world countries are embracing industrialization because of the tangible benefits that developed countries have continued to reap because of being industrialized. Furthermore, all third countries have realized that industrialization is inextricably linked to economic advancement (Bulmer and Warwick, 1993). The rela… … middle of paper … …rticipation in the global system outweigh the opportunities that come along. From this paper analysis, the major constrains in the involvement of third world countries in the global system are attributed by lack of relevant political and economic structures. However, it will be appropriate for these countries to invest heavily in industrialization and other technological developments in order to close the gap that arises between the developed countries and third world countries (James, 1996). Moreover, it would be appropriate for these nations to work on modalities that will promote consistent and sustainable development; this will prompt their share in the global system. Finally, it would be appropriate for third world countries to combine their efforts through regional development regimes in order to increase their share in the global system pie (James, 1996).
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