Economic Issues of Developing Countries

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An excessive development problem is facing numerous nations around the world; these problems are directly related to the developing countries increasing stages of poverty and income inequality. In the 1960s and the 1970s, economic growth was understood for decreasing poverty. The different governments have the ability to further the process towards a “free market type economy” accomplishing economic growth. According to “The woes of economic reform: poverty and income inequality in Fiji” the influences of “economic structural adjustment policies (SAPs)” are the controversy of society today involving poverty and inequality. The poverty level has gone up severely in countless developing countries including Fiji. The process of free market…show more content…
The Fijians main resource that was used to hold their economy was producing sugar cane. The Fijians have now turned from relying on sugar and textiles to focus on tourism. A good majority of their income now comes from the tourism industry; since turning to tourism their economy has stayed somewhat steady. The industry of tourism was roughly between 400,000 to 500,000 people every year bringing in a good amount of income to Fiji. In December of 2006, the amount of tourism came to a halt with an outcome of a seriously damaged economy. In 2007, the amount of tourism went down 6% with an immense amount of job losses in the service sector and the GDP dropped.

A survey was taken in 1990 having to do with household income and expenses. Today the data has still not been released as a matter a fact it is still being processed. To take proper data on these changes these surveys are given on a regular basis of “every five years.”
“Family Assistance Scheme” is the most recent program the government has provided to the less fortunate. The government came up with three elements that are necessary to make quick and maintainable progress in reducing poverty in Fiji. Providing “income-earning opportunities” and a “safety net” for people “who continue to experience sever deprivation” are two of the elements. Finally yet importantly is “ensuring that the poor have the means to take advantage of job opportunities.”

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