International Capital can be divided in two parts portfolio capital which invest

s in stock and bound , and direect capital, which invets in plants , equipments,
stores, offices, and the like.
Emerging countries need to recognize thatportfolio Capital is often short term a
nd nervous. seezing, new oppurtunities as soon as doubts appear about anyone cou
ntries econimist prospectous .
Market oppurtunties in popolus in china are appearent to international investors
eveywhere , from supplies of consumers ordiducts to distributers of capital req
uirments, to builders of road and telephones system , but foriegn diresct capita
l takes a dim of officially sectionised activities considered illegal in free ma
rket economies .
Capital of any stripe favours conutry with politival stabilty , a respect for hu
man rights and property , and a judiciary free of corruptions cuntempt for law
A number of international leading institutions have had a hand a stimultaing thi
rd word economic growth and perhaps none has been more involoved done the world
bank. but over the years , many obsevers dbelieve \, this organisation has becom
e incrussed with lawyers of bureacrates as its Washington headquartes.
It took over a hundreds year for a middle class to develop in its bitten. goven
the right policies, even poor countries can now achieve that goal with indicates
. that is the modern day promise of producing convergins.
Emerging countries able to grasp the new oppurtunities able to given the new opp
urtunites provided by productivity convergings and technology tranfers will have
an unprescednted chance of imroving the living standard of billions of people.
That is the excited prospect for the next two decates.
Acheiving a growth of sixth to seven per per addnum depends on the right combina
tion of domestic policies. Domestic saving, and stable longer foreign direct inv
estments, but these level of growth also promise revolution in living standars w
ithin 1 or 2 genertaions for many of the worlds emerging countries and for billi
ons of people, who so have known only poority
To be prosperous. third world country today must :
Rapidly trabfer Waster technology to there on economies , taking advantage of mo
dern communication and miniaturization.
use forighn captial for priductive porposes , not consumption.
encourage domestic savings, and investments.
Avoid defict spendings .
Adopts other sound ficial and monitory policies.
provide a dependable political frame work , corruptions free , judiciary , and a
legal system that respect human rights and property .
Improve primary and secindary schholing.
Energy Crises :
For many people , aware of the mens grwoing dependance on fuel , in as ource of
energy , had to change thier view points in 1973 . when OPEC( Oil and petroleum
expotiing country) Halted their suppy of oil, throug coomonly it is known as oil
shock but it heplped poiting a new fraze called energt crises .
It was after this energy crises that people of the world begin to look up for an
source of energy . In order to fulfill their need , besides the commonly known
factors oif energy production .
Thus Enery define as an ability to do work can turn into enegry :
When there is no ability to do work .
HOW ENERGY IS DERIVED ?
There are seven natural elements of whoch energy is derived . these elements can
be number such as
1: Coal
2: Oil
3: Gas
These natural resources are put upto to obtain other form of energy . E.G electr
icity .