ABSTRACT
Many developing countries (or less developed countries or Third World countries) seem to suffer generally from external indebtedness, scarcity of foreign currency earnings, under-utilization of some of their major resources, comparatively disadvantageous exports, inadequate development finance and poor quality of life. Falling prices for the commodities dominating their economies exert a profound negative impact upon produetion and employment ratios in such countries. One comparative advantage that developing countries seem to enjoy, is their still unspoiled nature and their attractive and genuine, though not necessarily modern, way of life.
