the end of the “Third World”

World Bank president Robert Zoellick states the obvious. But the economic crash only highlighted this geo-economic shift, it did not precipitate it. "If 1989 saw the end of the 'Second World' with Communism's demise, then 2009 saw the end of what was known as the 'Third World'. We are now in a new, fast-evolving multi-polar world economy in which some developing countries are emerging as economic powers, others are moving towards becoming additional poles of growth, and some are struggling to attain their potential within this new system - where North and South, East and West, are now points on a compass, not … [Read more...]