President Woodrow Wilson was a firm believer in the idea of self-determination for all people. ...

President Woodrow Wilson was a firm believer in the idea of self-determination for all people.
 
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Adam Smith's trade theories form the basis of mercantilist economic philosophy.
 
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Almost all of the now-independent sovereign states in the Global South were once colonized by more powerful Global North states.
 
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The less-developed countries are primarily located in the Global South.
 
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About 1.7 billion of the world's people suffer from severe poverty (acute deprivation).
 
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