Editing Developing country (section)

=== Economy ===
[[File:Worlds_regions_by_total_wealth(in_trillions_USD),_2018.jpg|thumb|World regions by total [[wealth]] (in trillions USD), 2018]]
Following [[independence]] and [[decolonization]] in the 20th century, most developing countries had dire need of new [[infrastructure]], [[Industry (economics)|industry]] and economic stimulation. Many relied on foreign investment. This funding focused on improving infrastructure and industry, but led to a system of systemic exploitation.{{citation needed|date=July 2019}} They exported raw materials, such as [[rubber]], for a bargain. Companies based in the [[Western world]] have often used the cheaper labor in developing countries for production.<ref name=":02">{{cite journal |last1=Roy |first1=Pallavi |title=Economic growth, the UN and the Global South: an unfulfilled promise |journal=Third World Quarterly |date=2 July 2016 |volume=37 |issue=7 |pages=1284–1297 |doi=10.1080/01436597.2016.1154440 }}</ref> The West benefited significantly from this system, but left developing countries undeveloped.

This arrangement is sometimes called [[neocolonialism]], meaning a system in which less-developed countries are taken advantage of by developed countries.&nbsp;It does not necessarily mean that former colonies are still controlled by their former colonizer; it refers to colonial-like exploitation. Developing countries are often helping further develop rich countries, rather than being developed themselves.<ref>{{cite news|last1=Hickel|first1=Jason|date=14 January 2017|title=Aid in reverse: how poor countries develop rich countries|work=The Guardian|url=https://www.theguardian.com/global-development-professionals-network/2017/jan/14/aid-in-reverse-how-poor-countries-develop-rich-countries|access-date=17 March 2019|archive-date=10 October 2019|archive-url=https://web.archive.org/web/20191010231327/https://www.theguardian.com/global-development-professionals-network/2017/jan/14/aid-in-reverse-how-poor-countries-develop-rich-countries|url-status=live}}</ref> Several institutions have been established with the goal of putting an end to this system.<ref>{{cite web|title=Neocolonialism|url=https://www.britannica.com/topic/neocolonialism|access-date=1 April 2019|website=Encyclopedia Britannica|language=en|archive-date=25 July 2021|archive-url=https://web.archive.org/web/20210725235643/https://www.britannica.com/topic/neocolonialism|url-status=live}}</ref> One of these institutions is the [[New International Economic Order]]. They have a 'no-strings-attached' policy that promotes developing countries remaining or becoming self-sufficient. More specifically, they advocate sovereignty over natural resources and industrialization.

[[Coalitions]] of developing nations, like the NIEO, frequently lobby for parity in the world stage. The rise of China might imply the rise of the [[BRICS|BRICS countries]].<ref name=":02" />