1. The Major Causes of Underdevelopment!
The absence of investment prevents growth and the cycle of poverty cannot be broken. ... This excessive dependence on agriculture is due to the fact that non-agricultural occupation have not grown at the same rate as the increase in population owing to lack of sufficient investment in other sectors other than agriculture. ... An underdeveloped Economy is general foreign aid oriented. This means that foreign aid in the form of food aid, financial aid, and technological aid are transferred from rich to poor nations. ... There is also misuse of foreign aid on economical projects which do not...
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- Approx Pages: 3
- Grade Level: Undergraduate