Explain how low levels of living can turn into a

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1.Explain how low levels of living can turn into a vicious cycle in developing countries.
2.Carefully explain some of the similar problems faced by otherwise diverse countries in Africa, Asia, and Latin America.
3.What are some of the main ways in which the economies of developing countries differ from one another?
4.Explain why purchasing power parity measures of income levels tend to show a smaller difference between poor and rich countries.
5.What are the three main indicators that make up the Human Development Index?
6.What are the three major components of economic growth?
7.Explain the lingering effects of colonialism and how it is still playing a role in hindering economic development in the developing world.
12. The 2003 Human Development Report reported that the HDI of Botswana was 0.614 (and its rank was 125) and that of the Philippines was 0.751 (and its rank was 85). Botswana’s per capita income (in PPP dollars) was 7,820 and that of the Philippines was 3,840. Comment and explain.

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