Obstacle to development essay

Essay on the Economic Development of a Country

A vicious cycle has begun. Africa boasts deposit of all the 50 most important minerals in the world. The gross national product GNP is the most commonly used measure of the overall level of economic Obstacle to development essay. Clean drinking water is one of the major factors necessary to avoid illness.

It can create more jobs for people in the third world. Attainment of economic development necessities a suitable environment for initiating, maintaining and accelerating the pace of economic development.

While free essays can be traced by Turnitin plagiarism detection programour custom written essays will pass any plagiarism test. Another important obstacle or constraint faced by the underdeveloped countries in their path of economic development is its poor rate of savings and investment.

The birth rate in the third would country is so high that it is counted as three-fourths of the population out of the whole world.

Examples List on Obstacle

Low levels of living is one of the major obstacles toward development. Low levels of living, comprising low incomes, high inequality, poor health and inadequate education.

Free Coursework

All these social forces are obstructing the path of development of these underdeveloped countries. Most developing countries are exporting basic foodstuffs, nonfood cash crops, and raw materials. Over-exploitation of Mineral Resources The African continent is famous for its abundant mineral resources.

In order to eliminate the problem, modification of the present international economic order is needed. If you need a custom term paper on Business: The idea of development will continue to remain to be a thought unless the people and the government of Haiti willingly work together to create and sustain a democratic nation.

To raise productivity for third world countries, domestic savings and foreign finance must be used to generate new investment in physical capital goods.

This type of political instability creates uncertainty about its future steps and adversely affects the economic decisions of these underdeveloped countries relating to its investment. For their primary product exports, they have a high exports rate. The high rate of population growth is the third obstacle toward development.

Low levels of productivity. In order to meet such requirement, there should be sufficient transformation in the agricultural sector in the form of introduction of land reform measures, raising the supply of productive inputs or factors in agriculture, promoting new credit institutions, introducing dynamic market structure, providing additional incentives, arranging changes in socio-economic relationships, introducing intensive cultivation process.

In the initial part of their development process, most of the underdeveloped countries were under foreign domination which had led to the huge colonial exploitation by the foreign rulers.

A production function is often used to describe the way in which societies go about providing for their material needs. The reason behind this crisis is rooted in poverty. The penetration of rich-country attitudes, values, and standards also contributed to a problem widely recognized and referred to as the international brain drain.

People in the third world countries are concentrating in production of agricultural and other primary production activities because at low level of income, their first priorities are food, clothing and shelter. Countries like former U.

Essay/Term paper: Obstacle to development

In order to attain economic development proper social and political climate must be provided. This will give more opportunity to the workers in terms of education and training and have more high tech machinery to increase in the productivity.

A small group of people have a extravagant lifestyle while the rest live in severe poverty. A proper balance between the private and public sector initiatives is considered very important for evolving such an effective economic organisation.

Free Coursework

Example such as inappropriate education structure, inappropriate government administrative systems, western style trade unions and curative medicine rather than preventive medicine.

Therefore people are not willing to spend money on merchandise such as cloth, and other. Moreover, domestic resources alone cannot meet the entire requirement of resources necessary for economic development.

Essay UK - http: This is because their export is lower than their import. But the actual production curve of the underdeveloped country denoted by AB lies much below the potential production curve AB due to market imperfections resulting in misallocation and under-utilisation of resources in the country.

Example such as inappropriate education structure, inappropriate government administrative systems, western style trade unions and curative medicine rather than preventive medicine.

Thus GNP comprises GDP plus the differences between the income residents receive from abroad for factor services labor and capital fewer payments made to nonresidents who contribute to the domestic economy.

Secondly, the production frontier, i.Obstacles Toward Development In this every day changing world, many of us are living in a comfortable home, have enough food to eat, well clothed, healthy, and financially independent.

Poverty: A Chronic Obstacle for the Development of Haiti Essay Sample Haiti is a country in the Caribbean that shares a border with Dominican Republic. Poverty: A Chronic Obstacle for the Development of Haiti Essay Sample Haiti is a country in the Caribbean that shares a border with Dominican Republic.

The following essay discusses the most serious obstacles to development in Less Developed Countries during the twenty first century. This paper analyzes those obstacles to development in LDCs based on the definition of the level of development and the components.

Obstacles to Economic Development in India

In this essay, I would like to discuss the major obstacles to voting, recent changes to overcome voting barriers and the political influence of changed rules. Low turnout in the U.S. reflects that there are obstacles for people to voting and changes to overcome these obstacles may also bring new problems to different social groups.

Obstacles To Development Faced By Most Ldcs Economics Essay. Print Reference this. Published: 23rd March, Disclaimer: This essay has been submitted by a student.

This is not an example of the work written by our professional essay writers. it will be the most serious obstacle to development, because the political environment of a.

Download
Obstacle to development essay
Rated 3/5 based on 20 review