Under developed economy. Developed Economy 2019-01-13

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Economic Underdevelopment in Africa

under developed economy

Devastating earthquakes hit the country in 1998 and 1999, further displacing tens of thousands of Afghans. Thirty-five per cent of the people are below the poverty line, who are ill-fed, ill-clothed, ill-housed and ill- educated. This requires sufficient amount of capital, technological advancement and training. More effective drugs are available, but they are prohibitively expensive. These countries have effectively brought down the mortality rates but birth rates continue to be high due to wide spread poverty, ignorance and social and religious factors. Just 12% of Afghanistan's land can be used as farmland, but about 80% of Afghans rely on farming for food; 85% of the population lives in rural areas. It has passed through series of civil war that has left it destructed.

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Economic Underdevelopment in Africa

under developed economy

With the industrial revolution and slave revolts, there was no longer profit to be gained from the slave trade so in 1807 the slave trade was abolished in favor of legitimate commerce and a new economic role for Africa. They usually have little or no infrastructure or reliable health care and other social services. An underdeveloped economy shows the following features: a In the underdeveloped countries, natural resources remain unexploited and underexploited due to various reasons. High and rising level of unemployment and underemployment 5. As for example, the rate of investment in countries like India and Pakistan is lower than even 10 per cent but, on the other hand, the same rate is ranging between 15 to 30 per cent in developed countries like U.

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10 Most Underdeveloped Countries in the World

under developed economy

This rapid growth of population stands as an obstacle in the smooth development of the economy. Another feature of the demographic pattern in underdeveloped countries is that a much larger proportion of the total population is in the younger age group. Previously, the undeveloped economies were called backward economies and the developed economies were known as advanced economies. Aside from the obvious difficulties facing poor families who cannot afford treatment or prevention, the wider effects of frequent epidemics include impeded market activity and tourism industries as traders and potential tourists avoid areas with heavy infection rates. Again, the countries were classified as poor and rich on the basis of per capita real income. The in particular relied on slave labor to fuel its southern farming economy. But under-developed countries are either suffering from scarcity of raw materials or from un-exploited natural resources of its own.

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What is the Meaning of Under Development?

under developed economy

Through these systems of economic exploitation, the consequences of underdevelopment are perpetuated, very often producing a host of corresponding societal ills that further impede efforts towards reform. In the absence of efficient and sound administrative set up, these countries are suffering from lack of proper economic organisation, lack of investments and lack of appropriate decisions leading to total mismanagement of these economies. Therefore, the more cash a country has, the more powerful it is. There is a general causal relationship among all these conditions. Some of the characteristics are: 1.

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Underdevelopment

under developed economy

Thus majority of world population is facing worst economic hardship whereas a small percentage of population living in high-income economies is enjoying major share of the cake. In addition, they may frequently suffer environmental events and natural disasters that cause famine, destruction, and displacement of large segments of their populations. A barter system developed and with increasing quantity of trade a system of standards was formed to measure goods. The Democratic Union Party was forced into West Timor the other half of the island , which was under Indonesian rule. From these above analysis of U. Prevention of malaria is relatively simple. Nomadic people have a difficult time sending their children to school consistently for several reasons: they relocate frequently to find grazing and water for their livestock and to find more available fish; children are an essential source of labor, which makes adults reluctant to send them to school; the rigid time schedules of traditional schools do not account for the nomadic lifestyle; nomads often live in inaccessible areas where terrain is difficult to navigate; and, in Nigeria, a land tenure system often prohibits nomadic people from acquiring permanent settlement land.

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What is the Meaning of Under Development?

under developed economy

Children are particularly vulnerable to the disease. As of 2005, negotiations were underway throughout Africa to reduce or eliminate taxes and tariffs on the nets and the materials used to make them; twenty countries had already done so. This allowed for a diverse economy that provided for the community in a systematic and effective way. Haiti is one such example. Substantial Dependence on Agricultural Production and Primary Product Export The vast majorities of people in Third World Nations live and work in rural area.

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What is the Meaning of Under Development?

under developed economy

However, it is gratifying to note that the level of technology is rapidly increasing in the country and India has the largest number of technically qualified personnel in the third world countries. Classification of Definitions of Underdeveloped Countries. Liberia: Liberia is also a country that has been subject to long political instability and civil wars. This is very backward and money does not play an important part in this sector. Not all of the news about Africa's educational sector is bad, however. Moreover, whatever industrial development that has been achieved by these countries are very much restricted only to some limited areas.

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CHARACTERISTICS OF UNDERDEVELOPED ECONOMIES COUNTRIES (UDCs) Economics Assignment Help, Economics Homework & Economics Project Help

under developed economy

On the other hand, because they cannot earn a , Afghans continue to join militias and fight, thus causing more damage to natural resources and preventing other Afghans from getting out of poverty. Some are more developed and advanced than others. Native Africans were also forced into labor in Africa itself, to work in the burgeoning industries that exploited Africa's natural resources. There is low labour efficiency, lack of entrepreneurship and economic ignorance. Over the planning period both savings and investment rates have risen in India. In addition, the number of nomadic children completing school rose from 2,077 in 1994 to 7,632 in 1998. Monetary and fiscal measures of regulation are quite effective.

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