They predicted rapid development of Latin America, Africa and Asia and even claimed that the mentioned divisions would become less important and eventually become devoid of sense. The prognosis for globalization was extremely good. Among other things, The Economist magazine predicted that with the advent of globalization, the world now offers more to everyone and that the poor will benefit the most. What happened was the opposite. Certainly, globalization has also affected third world countries, but not in a good way. It must be recognized that some former third world countries are today considered economically strong, but others are still struggling to obtain minimum living conditions. The role of globalization has been extremely strong in these countries. While the West managed to make the most of globalization, third world countries were and still are mired in poverty. There are a number of reasons why these countries fail to develop, including poor rule of law, lack of lasting peace, and very poor economic policies. What is also striking is the lack of democracy. The political systems of most third world countries are generally the result of a "one man show" and leave no room for progress and development. In a world where everything is within our reach, politics is a very important element of globalization..