The debate about economic growth and economic development in third world countries has been going on for decades and is not about to stop. For instance, policies that work in some countries, but failing in other nations, is one of the issues that arouse debate.
In addition, though growth has gained momentum over the last two decades in some developing countries, it cannot be sustainable until it is localied or based on exploitation of local resources. As a result of these and other contradictions, most countries in the southern hemisphere are characterized by low levels of economic growth and development. Read more. Source | New Times