Obstacles to development in less developed countries economics essay

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Obstacles to development in less developed countries economics essay

All these are provided to us because we are living in a well-developed country.

Obstacles to development in less developed countries economics essay

Others in the third world nation are not so lucky. They may have no shelter, limited food supply, and unemployed. This is because their country is not well developed like ours. Problems that stop these countries from developing are 1. Low levels of living, comprising low incomes, high inequality, poor health and inadequate education.

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Low levels of productivity. High levels of Unemployment and Underemployment. Significant dependence on agricultural production and primary product exports. Dominance, dependence, and vulnerability in international relations.

Low levels of living is one of the major obstacles toward development. Low levels of living is comprised of low incomes, high inequality, poor health and inadequate education. The gross national product GNP is the most commonly used measure of the overall level of economic activity.

The gross domestic product GDP measures the total value for final use of output produced by an economy, by both residents and nonresidents.

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Thus GNP comprises GDP plus the differences between the income residents receive from abroad for factor services labor and capital fewer payments made to nonresidents who contribute to the domestic economy. Many Third World countries have a low level of per capital income, in addition there is a slower GNP growth compare to the developed nations.

Secondly, many people in third world countries are unhealthy and constantly battle with disease while trying to stay alive. The infant mortality rate is very high compared to the developed countries. One reason that leads to this is that they do not have the access to safe drinking water and health service.

Clean drinking water is one of the major factors necessary to avoid illness. Most of these diseases and resulting deaths can be eliminated with safe water supplies.

In addition, health service is very limited in the least developed countries. It is limited in the number of doctors and beds provided for the patients.

Also, all the hospitals and medical facilities are located in the urban areas. People who are not living in the urban areas will have trouble getting to hospital and use the medical facilities provide. Thirdly, many people who live in the third world countries lack education.

This is due to the limited budget the government provides. In most countries, education takes the largest share of the government budget. Besides low levels of living, low level of productivity is also a major obstacle toward development. A production function is often used to describe the way in which societies go about providing for their material needs.

In the developing countries, the levels of labor productivity are very low compared with those in developed countries. The reason which lead to this is that they lack capital and experienced management.

Obstacles to development in less developed countries economics essay

Developed countries have enough capital and experience to buy machinery to increase their productivity. To raise productivity for third world countries, domestic savings and foreign finance must be used to generate new investment in physical capital goods.The term development cooperation, which is used, for example, by the World Health Organization (WHO), is used to express the idea that a partnership should exist between donor and recipient, rather than the traditional situation in which the relationship was dominated by the wealth and specialised knowledge of one side.

Most development aid comes from the Western industrialised countries but. Obstacles Toward Development In this every day changing world, many of us are living in a comfortable home, have enough food to eat, well clothed, healthy, and financially independent.

1. Critically assess the dependency theory’s explanation of the lack of development in less developed countries. 2. Critically the conclusion will be.

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The thrust of an ideal international monetary system is anchored on three fundamental principles, namely: liquidity, adjustability and confi.

THE FALSE ALLURE OF GROUP SELECTION. Human beings live in groups, are affected by the fortunes of their groups, and sometimes make sacrifices that benefit their groups. L LEARNING OBJECTIVES 1 Describe the extent of world income inequality. 2 Explain some of the main challenges facing developing countries.

3 Define the view of development known as the “Washington Consensus.” 4 Outline the current debates about development policies. CHAPTER 36W Challenges Facing the Developing Countries In the comfortable urban life of today’s developed countries, most.

Free coursework on Obstacle To Development from barnweddingvt.com, the UK essays company for essay, dissertation and coursework writing. whereas 45% in the less developed.

countries. The high dependency burden is stopping the country from developing because and international vulnerability are the major obstacles for the. development in a.

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