Looking at Least Developed Countries

Developing countries face many issues that developed countries don’t have to worry about. From structural problems within the government, to issues with feeding their citizens these countries struggle with what appears to be basic survival issues. In comparison to developed countries, citizens of developing countries life expectancy is shorter, This doesn’t mean that they lack the resources needed to succeed, a majority of these countries just lack the ability to manage their resources efficiently. Corruption, exploitation and lack of a stable economy prevent these developing countries from transitioning from developing to a developed nation .

The majority of the people on the planet are poor. Most live in the third-world countries of Asia, Africa, and Latin America, where the typical standards of living are so far below that of the industrialized countries. Many lack adequate nutrition, shelter, and clothing. They are susceptible to disease and early mortality.

According to the World Bank, from 1993 to 1998, poverty rate has reduced by 14 percent in developing countries, similar to about 107 million people. This may result from receiving foreign investment that plays an important role in local economy growth. For example, the proportion of population living in poverty in India decreased by half in the two decades, from the 1970s to 1990s, while the number of Chinese in poverty declined by approximately 210 million during twenty-one years, from 1978 to 1999 (Healey 2008). In other words, the standard of living is improving due to the benefits of international economic activities.

a. MNEs often get accused for doing outsource in LDC. In less developed country, many workers and natural resources have been exploited to get huge amount of profit. The MNEs do not care about the country and its development, only thinking how to make higher profit. Since they do not care about the less developed country, they will disadvantage the LDC as the host country and make higher profit for themselves. As a result, the LDC country will suffer and lead them to great poverty.

On a map, one could find a tiny country called Haiti. This country relit a desire of life in my heart when I was exposed to the third world reality. Haiti transformed my life. It is crucial for those who are not a part of the third world to experience the life of those who do live in the third world. By experiencing this unimaginable reality, where everyday the norm is to wake up to extreme poverty, one will be forever changed by the exposure to the world outside of the dreamy first world. This dreamy first world brings overwhelming contrasts to the third world.

A problem that often is talked about concerning developing countries is the issue of western countries using poorer countries for production and cheap labour. It is often argued that this is something unfavourable, in two ways. First of all, it is argued, often by the progressive crowd, that it has a negative effect for the people in developing countries working in the factories, and their economy. It is said that the pay is too low and conditions bad, and that people are forced to take the jobs. Second of all, it is argued, often by the more conservative crowd, that this has a negative effect on the countries using the labour as well. People lose their jobs because they can’t compete with the low wages and living standards in developing countries,

On a map, one will find a tiny country called Haiti. This country relit a desire of life in my heart when I was exposed to the third world reality. Haiti transformed my life. It is crucial for those who are not a part of the third world to experience the life of those who do live in the third world. By experiencing this unimaginable reality, where every day the norm is to wake up to extreme poverty, one will be forever changed by the exposure to the world outside of the dreamy first world. This dreamy first world brings overwhelming contrasts to the third world.

Low income countries have a GNP per capita of $995 or less, this translates into stark poverty on a massive scale.(de Haan, 1996) With populations experiencing income at this level most of their potential productivity is not

What exactly does it mean for a country to be on top? According to US News and World Report, in order to determine the rankings of a country, it’s rated through the use of these nine sub rankings: adventure, citizenship, cultural influence, entrepreneurship, movers, heritage, open for business, power, and quality of life. Based on these rankings, Germany scored the highest in most of the listed categories and in turn gave the country the recognition of being “best in the world”. Germany, is the most populated European country with the largest economy due to the fact that they’ve exported a loansome more of goods than they’ve imported to gain a larger profit. Germany has

During the 18th century a lot of people migrated to developed countries for better job opportunities, comfortable lifestyle and economic stability, which eventually affected the many areas of developed countries. I agree that this change has a significant effect on developed countries and I would like to share my views on the same.

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

In The Bottom Billion by Collier, he persuasively explains the reasons unindustrialized countries are developing at low rates. In addition, Collier proposes policies in an effort to get away from the sluggishness. Even though Collier has emphasized on the geopolitical affairs in the developing countries, there are shortcomings in his highlights. Collier does not take into account the historical context of those countries. Collier too does not take into consideration the role of Western countries in those four traps and the gaps in the available statistics about the poor countries. It is evident that Collier utilizes information from discussions he had with African leaders rather than taking a broader view of other people who have had experiences in those countries. Nonetheless, Collier has presented a strong piece in his book The Bottom Billion.Collier also outlines four traps that are the cause of the stagnation of the poorest countries, which include; increased conflict, the supply of natural resources, and the characteristic of being landlocked, and poor governance.

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.

The countries that have experienced high and rising levels of poverty are more often than not, the developing countries that have been marginalised from the process of globalization. Think of North Korea or many countries in Africa. Such countries have insufficient levels of international trade and investment -- not too much. Whether poor countries are poor because they do not trade enough or because poverty stricken countries are prevented from engaging in the global economy, less globalization is generally associated with less development. Ernesto Zedillo, the former president of Mexico seems to have understood the power of globalization when he said, "In every case where a poor nation has significantly overcome its poverty, this has been achieved while engaging in production for export markets and opening itself to the influx of foreign goods, investment and technology -- that is, by participating in globalization."

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