Can you think of other common characteristics of less developed countries not mentioned in these images? See if you can list five and briefly justify them. Ten Important Features of Developing Countries9. Underdeveloped financial and other markets10. Lingering colonial impacts such as poor institutions andvarying degrees of external dependence (economic,political, cultural and environmental) Ten Important Features of Developing Countries1. Lower levels of living and productivity2. Lower levels of human capital3. Higher levels of inequality and absolute poverty4. Higher population growth rates5. Greater social fractionalizationTen Important Features of Developing Countries6. Larger rural population but rapid rural-to-urban migration7. Lower levels of industrialization and manufactured exports8. Adverse geography

Less Developed Countries or LDCs LDCs are low-income nations that face major systemic barriers to…

Answered: Can you think of other common…

Can you think of other common characteristics of less developed countries not mentioned in these images? See if you can list five and briefly justify them.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

Can you think of other common characteristics of less developed countries not mentioned in these images? See if you can list five and briefly justify them.

Ten Important Features of Developing Countries
9. Underdeveloped financial and other markets
10. Lingering colonial impacts such as poor institutions and
varying degrees of external dependence (economic,
political, cultural and environmental)

Ten Important Features of Developing Countries
1. Lower levels of living and productivity
2. Lower levels of human capital
3. Higher levels of inequality and absolute poverty
4. Higher population growth rates
5. Greater social fractionalization
Ten Important Features of Developing Countries
6. Larger rural population but rapid rural-to-urban migration
7. Lower levels of industrialization and manufactured exports
8. Adverse geography

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