ABSTRACT
Most countries in Africa, Asia and Latin America share a common history, that of colonialism. The colonialist experience modified to a large extent the socio-economic systems of these countries, reorienting them from internally-oriented to externally determined systems.(1)Political independence was thought to be the major step in building strong, developed, national economies. Development became the first priority in the post-independence period. The present social structures of Third World reflects this specific history and the priority given to development after independence. While, there is great diversity between Third World nations, there are also common traits.
