economic development chapter II.docx - Fairuz Muhammad Ramadhan 1550201071201012 Economic Development 1 For all of their diversity many less developed

economic development chapter II.docx - Fairuz Muhammad...

This preview shows page 1 - 2 out of 3 pages.

Fairuz Muhammad Ramadhan / 1550201071201012 Economic Development 1. For all of their diversity, many less developed countries are linked by a range of common problems. What are these problems? Which do you think are the most important? Why? The answer to this question, these are ten problems that development countries have to deal with: 1. Lower levels of living and productivity 2. Lower levels of human capital 3. Higher levels of inequality and absolute poverty 4. Higher population growth rates 5. Greater social fractionalization 6. Larger rural populations but rapid rural-to-urban migration 7. Lower levels of industrialization 8. Adverse geography 9. Underdeveloped financial and other markets 10. Lingering colonial impacts such as poor institutions and often external dependence. The most important problem which I think is the most important is no.10 Lingering colonial impacts such as poor institutions and often external dependence. We know that every colonial intervention into developing countries has make some regulation that only give the big impact into the colonial society, thus, for the local people itself it is really hard for maintaining their own nation because of the colonial society already limiting goods and services that the local people had. Finally the mechanism of the colonial countries itself will very badly injured because of the
Image of page 1

Want to read all 3 pages?

Image of page 2

Want to read all 3 pages?

You've reached the end of your free preview.

Want to read all 3 pages?

  • Winter '97
  • cecep

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture