Economic development, Second World war, socio-cultural aspects, production of weapons and munitions, under-developed world, developing countries, developed countries, economic growth
After the Second World War, there have been significant changes in all aspects of life. The increasing concerns about the economic development caught much attention of economists. It is during this era that the European colonization ended and the world seemed to be divided into two parts whereby the European and other western countries were referred to as the developed countries whereas their former colonies were named underdeveloped countries. It is in this background that this paper aims to discuss the economic development after the Second World War.
[...] Even though this period was characterized by the outstanding economic growth of western countries, this growth did not happen in the new independent countries of the formerly colonized countries most specifically African and some Asian countries (Sawers, Stillwaggon, & Hertz, 2008). It is therefore logical to conclude that many countries still have a long way to go in order to meet the international standards of economic development. Bibliography Balogh, A. (2010). László Borhi, Hungary in the Cold War, 1945–1956: Between the United States and the Soviet Union. Journal of Cold War Studies, 189-191. http://dx.doi.org/ 10.1162 /jcws Digas, B. & Rozenberg, V. (2010). Application of an optimisation model to studying some aspects of Russia's economic development. [...]
[...] In addition to that, this war cost lives of millions of people in one way or the other. As a matter of fact, there are many people who died as a result of diseases, epidemics outbreaks, hunger and those who got killed and persecuted as victims of wars. It is also important to note that this war increased the number of orphans and homeless children without mentioning those children who were forced to enter the army while still underage. The sexual based violence saw thousands of victims in many countries. [...]
[...] The economic development since World War II Developed countries Different reports pointed out that between 1948 and 1970 the international traded saw an unprecedented rapid expansion. As a matter of fact, there has been a remarkable growth in the total volume of merchandise exports from non-communists countries (Hormats & Glaeser., 2011). It is argued by many commentators that the end of the World War II marked a turning point in all aspects of life most particularly in the economy (Terborgh, 2003). [...]
[...] Economic Development since WWII (Developed vs. Developing World) Introduction After the Second World War, there have been significant changes in all aspects of life. The increasing concerns about the economic development caught much attention of economists. It is during this era that the European colonization ended and the world seemed to be divided into two parts whereby the European and other western countries were referred to as the developed countries whereas their former colonies were named underdeveloped countries. It is in this background that this paper aims to discuss the economic development after the Second World War. [...]
[...] Therefore, the above-mentioned factors increase the transmission rate of HIV (Welshman, 2014). Furthermore, the fact that the underdeveloped countries do not have sufficient means of producing drugs makes the matter worse (Sawers, Stillwaggon, & Hertz, 2008). In fact, these countries have to rely on international medical assistance or to buy the ARVs in order to help their population that is suffering from HIV (Digas & Rozenberg, 2010). In conclusion, the findings of this paper indicate that there is a great difference between the period before the Second World War II and the post-world war period. [...]
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