Least Depeloping Countries

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

19. After reading this chapter, what do you believe are the two greatest obstacles preventing poor countries from becoming rich?

Why is it so difficult for the poorest societies to get to a foothold on the development ladder?

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.

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

help pay for food and living. If the government has to help more people live than the

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

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.

Assess the significance of three factors which might limit economic development in the developing countries.

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

Most of the developing countries are mired deeply in economical obstacles, which prevent them from development significantly. In order to overcome those embarrassments world’s society struggles to find the efficient solution for poor countries’ economies. Historically, developed countries undertook policy of giving aid to their colonies, afterwards by the end of The Second World War the United States and United Nations embarked the global sponsorship to the developing countries and countries of the Third World due to humanitarian considerations. Since then many other countries have joined in the effort to provide financial aid to lesser developed or poverty ridden countries. But none of those countries that received an aid had experienced a prosperity phase and rapid economic growth.

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

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

Developing country MNCs may have more experience as they used to doing so at home where home governments do not supply them goods. Therefore, MNCs may suffer for the ineffectiveness of the government which can lead to unexpected cost and also size of the operations being limited in the country. LDCs have lower government effectiveness which causes the government systems and establishments are slow and politically dependant, thus lead to lack of high quality of public goods.