This document discusses the demise of third world countries and the rise of newly industrializing countries. It specifically names the four Asian Tiger economies of Hong Kong, Singapore, South Korea, and Taiwan as examples of newly industrializing countries that underwent rapid economic growth. The document also lists other current newly industrializing countries and discusses how the IMF imposed new loan conditions on indebted states. It provides details on commodity exports from Southeast Asia and lists the member countries of OPEC and the G7. The document discusses the role of transnational banks, the US dollar as the international reserve currency, and offshore banks.