Lesser Developed Countries : Poverty And Developed Countries

Improving technology or technological advances are vital sources to create higher living standards in any economy. It can be said that technology has produced more positive results than negatives, and for a country like the United States is expected to experience faster technological progress. However, inevitably new technological advances will inevitably leave some people behind.

The expectations for an elegant, extremely comfortable lifestyle have gotten much higher, when the reality is that 85% of the world’s population are living in countries with extremely high poverty rates. In the dictionary, the word poverty means “the state of being extremely poor” and when people think of poverty, they think of struggling african families or malnourished children in continents like Africa. Contrary to what people think, America is a country where there is a lot of poverty. In 2015, 43.1 million americans were in poverty with the highest number being children under the age of 18. Compared to africa, America’s poverty rates are significantly low. In a study conducted in 2010, it showed that more than 414 million people in the

The development gap refers to the financial and social disparity between the poorest and wealthiest in society. Where economic indicators are low, social indicators are often also low, whereas the wealthiest countries also enjoy better healthcare and education. This gap has been widening for decades and is at its widest today. The poor are not necessarily getting poorer; in fact nearly everybody has seen an improvement in quality of life over the last 20 years. The reason the gap is widening is because the richest are getting richer and having their quality of life improve at a far quicker rate.

Poverty can be defined as“the inability to acquire enough money to meet basic needs including food, clothing and shelter” (Gosselin,2009). Poverty is a constant problem throughout the world accompanied with “deleterious impacts on almost all aspects of family life and outcomes for children”(Ravallion,1992). Poverty is a main factor that affects normal human growth and development in a variety of ways, primarily impacting children’s early development, social behaviour, health, and self worth.

Poverty can be defined as the state of being inferior in quality or insufficient in amount. This is a very serious issue that needs to be addressed or it will only get worse. A family where money is not a problem or are well off might think that someone in poverty means they cannot afford items such as clothes or a car, but that notion could not be more wrong. Poverty is being unable to keep clothes on one’s back and struggling to find food to get through the day. The average citizen of a first-world country might think that poverty is not affecting them or not important, but in reality, poverty is a serious problem leading to crime, affecting the development of children and education in less-developed countries.

Poverty, what is it? Poverty cannot be defined by just one definition. Poverty is a serious worldwide issue that is affecting all of our lives in the world. In Fact,Did you know nearly half of the world’s population, more than three billion people, live on less than two dollars and fifty cents a day. Just think, If you were given that same budget could you survive? Would you be able to live the same lifestyle that you do? The answer is most likely no and this is a mind blowing statistic. Statics like these are real eye openers, because they make you think and appreciate just how lucky we are not be living in poverty such as other countries that are rather called, Third world 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

Worldwide, approximately 1.3 billion people do not have access to affordable and efficient healthcare and out of those who have access, almost 170 million are forced to spend around 40 % of their income on medical treatment (Asante et al,2016).In low and middle income countries (LMICs), the major constraint to the access of healthcare is financial burden, where out-of-pocket payments (OPP) contribute to approximately 50 % of total health expenditure (WHO, 2010). As a result, in these countries there is high probability of many households being pushed into poverty due to high medical expenses (McIntyre,2006).The matter of concern in LMICS is that poor and disadvantaged groups of population do not have access to adequate quality of healthcare.For instance, according to WHO (2010) up to 20 % of women in rich population are more likely to have a birth attended by skilled health worker than a poor woman. Therefore, taking an action to address health inequities faced in these countries would save up to 700,000 women.

Poverty in Developing and Less Developed Countries The world includes less developed countries and developing countries. Less developed countries are countries considered to be poor and often contain many people who are in absolute poverty. Developing countries are countries like India, which are gaining in wealth. There are two types of poverty within the world.

One of the richest nations in the world continues to face an issue with no end towards it. America is known to be a country with great opportunities for better living and most importantly a chance for a successful future. It is unfortunate that despite of a better life and opportunities in America, poverty continues to be present and affecting citizens. Income does in fact; affect the condition of living in America. There are a number of outcomes as a result of poverty such as being physically unhealthy, lack of achievement in education/career, and fewer supports that Americans rely on to be successful. The fact that children are dependent from others makes them the target most affected by poverty and makes it difficult to overcome their chance of a better living condition in America. There has been research about intervention programs, which demonstrate ways to improve developmental problems that are experienced by children in poverty. Citizens in America may not be fully aware of the number of children in poverty, nevertheless statistics continue to demonstrate and explain how children are affected every year.

Developing nations are filled with hope and aspirations of one day becoming a wealthy, dominating, and influential country. These nations can sometimes be unsafe, difficult to live in, and hard for workers to earn good compensation for their labor. On the other hand, living in a developed nation has many upsides. Developed nations are wealthy, which in turn have good infrastructure, labor and worker laws, and have less crime.

income and on their development. Most believe that the effects of climate change will be

Developed countries are countries which obtain a great level of income and are also referred to as industrialised countries. Developed countries are in support of free market principals, are very advanced in their education levels, technology. They also have high standard of living, and also have a declining rate of population. Least developed countries are not economically stable, their development process is very slow and are known to be very poverty stricken. These LDCs standard of living is very poor thus they are exposed to many economic and social problems. A clear description of least developed countries would be low economic growth, huge problem in unemployment, institution capacity is very vulnerable, poverty stricken, and have poor infustructure, inadequate education, climate implications, lower income as well as per capita income. LCDs have minimal savings and investment opportunities. Emerging countries are nations that are not extremely poor but have low or medium per capita income, these countries are very capable of having great economic growth but are still referred to risk economies, where they are classifies as nations that are not yet fully stable to invest in or do other kinds of trading with.

There are many undeveloped countries in the world, many of which are struggling to become developed. They have many things at their disadvantage such as powerful companies creating monopolies in their country, developed countries outsourcing labor into these poor countries and paying very little, overpopulation, under education, poverty, and a strongly patriarchal society. Some countries may have one of these problems, a few, or many of them but it is still a factor prohibiting them from developing. For example, one of these restricting forces is a strongly patriarchal society which may keep countries from developing is not educating the women and or letting them work. If you were to let the woman work or be educated you’d have another

We live in a world where the development is a primary and scarce good high in need and “demand “but is short in “supply” creating “development deficiency” (this much is agreed by many despite limited comprehension of the process of development itself and its ultimate fruits). Poor countries are in need of development taking into consideration they do not have assets to “back up” in contrast to emerging economies that are on the demand side given their economic assets. By “development deficiency” I mean we need and there is a potential “to produce” more development.