The answer, slowly arrived at, was once as soon as positive. We are turning into or in all probability we have change into a Third-World country. On the other hand, we are Third World in some way so much broader than just selling elementary commodities to other world places for their people to transform value-added products.

A clarification. When the time frame Third World were given right here into use merely after World Struggle II, the First World was once as soon as the western democracies, the second was once as soon as the communist bloc, the Third was once as soon as everyone else — by the use of and large, poor world places. In time, Third World were given right here to indicate now not merely economically underdeveloped however as well as politically and socially, too.

On the monetary side, those logs symbolized our shift from manufacturing to raw commodities. For a century, softwood in Maine meant paper (further-processed product) and lumber (partly processed). For the reason that paper industry has declined, softwood has come to indicate raw material for any person else to process. It has came about with farm products, too. On the other hand economics is best the highest of the iceberg.