The united states has both the moral responsibility and a practical interest in economic development in the Third World. Morally, the U.S. and its Western allies have responsibility for two reasons. First and foremost, we have postulated that our presence in the Third World would benefit the entire world. Economic interdependence is thought to be one of the true assets of free trade and economic assistance. Unfortunately, the optimism within the General Agreement of Trade and Tariffs (GATT) and the International Bank for Reconstruction and Development (IBRD, or World Bank) have little empirical evidence to support their claims. The U.S. has promised economic development to the Third World as reward for strong ties with the West. The Third World has legitimate demands for that development.
History | Political Science
Becker '91, Douglas J., "Modernization and Development: An Empirical Study of South Korea and Brazil" (1991). Honors Projects. Paper 4.