The Major Causes of Underdevelopment!
A developed country is one which provides a high standard of living to its people as a result of the per capita income and Gross Natural Product. Many European countries which have already developed all their resources and have reached a high level of development can now generate their own capital as they do not have any financial restrictions and can thus enjoyed a high standard of living, a high capital income and a high productivity. In contrast, under developed nations are said to be court up in a vicious circle of poverty. In such countries, as Asia, Africa and Latin America where financial problems and Economic stagnancy exist, people lived below the poverty line. According to Professor Ragnar Nurkse, ‘Economic development has much to do with human endowments social attitudes, political conditions and historical accidents,’ implying that underdevelopment is a man-made problem, for which man-made solution need to be found. Overpopulation is a major characteristic of over-population. One of the common features of developing countries is a rapid rate of population increase. This rate has been rising still more in recent years as a result of advances in medical sciences, mortality rate has been reduced cause by epide
Other natural disasters also devastate all the crops in the South Region. Recently in Madagascar, cricket devastated all the agricultural crops. Europe spends 28 billion to eliminate these insects. Besides, though less developed countries of predominant agriculture than are in industrial countries. They do not have the Technologies to apply to agriculture and so their method of production r still traditional and backward. Moreover, the people in under-developed countries are economically backward, as the quantity of the people as productive agents is low. They have been unsuccessful in soaping the problem. Particular manifestation of this are low labour efficiency, factor immobility limited specialisation is occupation and trades, a lack of entrepreneurship. Economic ignorance and social structure that minimise the incentives of Economic change. In these countries, there’s also lack of technical know-how and the illiteracy rate can be as high as 60% to 70%. Human resources which are unskilled are liabilities instead of assets for the countries. The population do not participate in development, remain aversive, to changes. Such situation, Africa, riches countries, with poorest people. In China, to prevent population from growing the one-child family system has been ado
Some topics in this essay:
Pakistan Burma,
Recently Madagascar,
Ragnar Nurkse,
Cuba Brazil,
Product European,
Pakistan Finland,
World Bank,
Latin America,
,
foreign aid,
India Pakistan,
vicious circle poverty,
rate population,
developed countries,
developing countries,
circle poverty,
vicious circle,
india pakistan,
economic developments,
standard living,
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Approximate Word count = 872
Approximate Pages = 3 (250 words per page double spaced)
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