... globe. To maintain its position of power _the US needed a vision of a new global order that was not based _on political dominion. The heir to colonialism was to be _development founded on economic interdependence. The West had _"won", was better and superior, but was magnanimously willing to _share its capitalism with the rest of the world. By positing a _universal account of the development of economies, and by _offering assistance in the transition to `modern' society, the _West could hope to confer on the `losers' a sense of _participation in the spoils of the wars. It was on 20 January _1949, in his inauguration speech before Congress, that US _president Harry Truman named the largest part of the world as _"underdeveloped areas", and in so doing reduced the tremendous _ H 35 612 612 0 0 0 0 1 1 0 0 0 0 0 0 0Hvariety of peoples, ...

See this essay or coursework document in full right now