IIMB Management Review
Document Type
Notes and Commentary
Abstract
Dictators, debts and declining economies are the dangers of the third world which have effectively kept away western businesses. The term third world, a product of the now defunct cold war, refers to those nations which currently constitute three fourths of the world population that are poor. This is a variegated grouping of nations with differing political systems, ranging from Westminster type democracies, neo-fascist dictatorships to monarchies -hereditary and otherwise. The sustaining economic models may be capitalist, Marxian or any acceptable mix of the two leading some writers to believe in the existence of convergent capitalism where elements of freemarket capitalism coexist with socialism.)
Recommended Citation
Premchander
(1992)
"Doing business in the third world- with special reference to India,"
IIMB Management Review: Vol. 7:
Iss.
1, Article 10.
Available at:
https://research.iimb.ac.in/imr/vol7/iss1/10
Publication Date
6-1-1992
First Page
118
Last Page
144