"Overcoming poverty is not a task of charity, it is an act of justice. Like Slavery and Apartheid, poverty is not natural. It is man-made and it can be overcome and eradicated by the actions of human beings. Sometimes it falls on a generation to be great. You can be that great generation. Let your greatness blossom." "- Nelson Mandela.
"Give a man a fish; you have fed him for today. Teach a man to fish; and you have fed him for a lifetime. "- Chinese Proverb.
The developing world faces numerous challenges in the future, the greatest challenge these nations must overcome is economic growth. The most important means of raising people's incomes and reducing poverty in the developing world is economic growth. It creates jobs and opportunities for the poor to support their families, a better education and build stable futures. Many developing countries face particular challenges that make it difficult for them to stimulate and sustain economic growth. These challenges include weak governments, high unemployment, and poor infrastructure, a lack of access to financial services and unsuitable laws and regulations. This essay will examine the problem of economic growth in developing nations, the relationship between population and economic growth, and the lack of easy solutions to the problem. Before developing countries correct their problems, they first must identify the problems. .
The Problem of Economic Growth in Developing Nations.
Economic development usually refers to sustainable economic growth accompanied by significant structural change in production patterns and generalized improvement in living standards. Developing countries face the triple mandates of increasing economic growth, reducing poverty, and using their natural resources wisely. The complex interconnections among poverty, population growth, and environmental degradation pose a difficult challenge for ensuring a sustainable growth throughout these nations.