Least developing countries are the countries which are poor in agricultural that are seeking to become more advanced economically and socially. Most of the countries are developing, less developed or Third World countries. However, the big difference in wealth and economic development amongst Third countries, the concluding are typically characterised by a low average per capita income, high external debt (to foreign banks and states in respect of loans acquired), a strong dependance on agriculture and other primary activities. CONTENT A serious problem facing LDCs is that they lack the money (sometimes the political will) to invest in business-enhancing enterprises, and to shape up and sustain their physical and transport-related infrastructure. Export and import activity suffers as a result and the countries feel progressively relegated in the international trade field. A contributing factor to this phenomenon is that more than 50% of the population in LDCs is under the age of 15 and therefore not economically active. Yet youths still require basic services (health care, education, etc.) for which the government has to foot the bill. Another restriction to the LDCs getting ahead in the international trade arena is that their governments are often more concerned about getting special treatment from the wealthier countries than developing ways to create more sustainable industries and become more competitive. Frequent political trouble in the LDCs also plays confusion
There are many ways that governments have tried to fix this issue, one of them being social welfare. According to Hick (2005), welfare can be defined as "legislated documents that prescribe how income security and social services are to be carried out” or it can be seen as a philosophical idea or "an abstract set of principles that enable society to seek solutions to social problems”. An example of what is considered a social welfare state is Canada, due to their programs for income security and social security which are provided by the government to their citizens. Although Canada’s social welfare has been facing some problems due to citizens depending more on other organizations outside of the government, this is because of their rigid criteria
They may need more support from government by way of benefits, treatments or services if they are unable to support the needs of their family on their own. In extreme cases there may also be the cost of legal cases, criminal activities and uprisings, all of which have to be covered by the tax payers.
Why is it so difficult for the poorest societies to get to a foothold on the development ladder?
Assess the significance of three factors which might limit economic development in the developing countries.
Agriculture is arguably the main focus of discussion when considering the geographical cause of low economic development. The different climate and soil conditions in tropical ecological zones (Gallup et al., 2003, p.32), mean there is less
help pay for food and living. If the government has to help more people live than the
Development and underdevelopment are linked and “condition each other mutually” resulting in a divided world that consists of industrial “central” countries and underdeveloped “peripheral” countries (Valenzuela and Valenzuela, 1978, p.544), with the periphery often being constrained by its role in the global capitalist system (Valenzuela and Valenzuela, 1978, p.544).
The environmental health and demographics of a nation determine whether the nation is classified as high, middle, or low income. The World Bank provides global economic data for all nations. In my opinion the Rio Grande Valley can be considered a low income nation. The book talks about global stratification; this is the unequal distribution of resources among nations. The World Bank describes a low income nation whose gross national income per capita is $1,045 or less.
However, the government assistance programs system are often misused. Although some people are unable to obtain government assistance, it is the duty of the American government to take care of the people. An example of the American government taking care of its citizens is the military protecting the country. Government assistance programs are meant to benefit the low class and lower middle economic classes, but even with government assistance programs and support there are still Americans living under the poverty line. Government programs such as welfare, among others, are intended to aid citizens but, are not intended for long term or high capacity use. Impoverished Americans desperately need government support, a raise in the minimum wage is not sufficient. Deciding on who gets aid and who does not should not be an issue of resources for the
In order for the LDCs to start to compete with the EDCs it would require a good amount of money in order to implement some of the technology and advances that would help them to be more developed. Because they don’t have the money and resources to do so, they are unable to harvest their own land and develop it with their own people. An additional disadvantage they have when compared to the EDCs is their lack of education and communication skills. When comparing they two sides, the South and LDCs have just as many different native languages (if not more) than the North does. The issue being they cannot communicate with a common language and some of their languages are arguably more difficult, especially with all the different dialects within their own languages with the Latin American, African, and Asian
19. After reading this chapter, what do you believe are the two greatest obstacles preventing poor countries from becoming rich?
The Bottom Billion by Paul Collier discusses why the poorest countries are failing and then offers some insights and solutions to the problem. He says the four major problems in developing nations are: conflict, natural resources, bad neighbors, and bad governments. The conflicts are usually civil wars which have huge costs and the situation just becomes worse the longer the conflicts drag on. Collier states that countries rich in natural resources are often worse off than countries that are not, he attributes this problem to several different factors. One of the factors is that the resources open the possibility for conflict over the resources. Another factor is that if a country strictly focuses it’s on a specific natural resource then the other resources and industries might get forgotten and lose value. Being landlocked with bad neighbors can also be a large problem because it makes it almost impossible to be a part of world trade, so these landlocked countries have to depend on their neighbors for most of the trade and materials. A bad government can also be very destructive to a country’s economy, if they create unreasonable and restrictive policies. The smaller countries are also at a disadvantage because it is hard for them to get any investors, because the investors would much rather invest in well-known countries like India or China. After Collier stated all the problems he also offered up some possible solutions. He believed that aid agencies should concentrate
Total indebted areas were major in Developing countries or known as third world could be devided in three groups: Latin America, East Asian and Sub-Sahara
Lack of development in countries in the so-called `Third World' has many political and economical reasons. Historians explain the inadequacy of developing countries with the early imperialism and the resulting colonization of the South. Exploitation of mineral resources, deforestation, slavery, and the adaptation of foreign policies shaped the picture of today's suffering and struggling civilizations and natural rich continents. The omission of concessions and equal negotiations between dependency and supremacy give rise to the contrast of enormous resources and immense poverty in developing countries is. In the last years the outcry of justice and the emancipation of the Third World became louder throughout developing and industrialized
The countries that have experienced high and rising levels of poverty are more often than not, the developing countries that have been marginalised from the process of globalization. Think of North Korea or many countries in Africa. Such countries have insufficient levels of international trade and investment -- not too much. Whether poor countries are poor because they do not trade enough or because poverty stricken countries are prevented from engaging in the global economy, less globalization is generally associated with less development. Ernesto Zedillo, the former president of Mexico seems to have understood the power of globalization when he said, "In every case where a poor nation has significantly overcome its poverty, this has been achieved while engaging in production for export markets and opening itself to the influx of foreign goods, investment and technology -- that is, by participating in globalization."