Development Economics – South Africa Verses Brazil

IB Economics. The Similarities and Differences Between South Africa and Brazil. (Syllabus Section 4.1 – Similarities and Differences Between Developing Countries). I am spending the holiday in South Africa at the moment so thought that I would do a post on South Africa and Brazil. When I started studying economics all those years ago we used the terms ‘ the First World’, the ‘ Second World’ and the ‘ Third World’ – meaning the rich countries, the Soviet Bloc countries and the poor countries of the world. However, the phrase ‘ Third World’ implies that all the poor countries are … Continue reading Development Economics – South Africa Verses Brazil