Among the many ills that the less developed countries face, Infrastructure or the lack of it is one of the most prominent factors for poor economic growth. It is a vicious cycle as massive investments are needed to develop the infrastructure and poor countries cannot afford the same.
Among the many ills that the less developed countries face, Infrastructure or the lack of it is one of the most prominent factors for poor economic growth. It is a vicious cycle as massive investments are needed to develop the infrastructure and poor countries cannot afford the same.
Developing nations are highly dependent on the advanced or developed nations. Developing countries excluding Asia account for about 20% of world trade. If Asia is included, their export share of world trade is 40% in 2005.
Many poor countries lack preparation for an industrial revolution and require complete social and cultural revolutions as well, indicating that they are economically more impoverished than countries that developed in the 19th century.The countries which are independent and prosperous are known as Developed Countries. The countries which are facing the beginning of industrialization are called Developing Countries. Developed Countries have a high per capita income and GDP as compared to Developing Countries.
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UNDEVELOPED COUNTRIES ARE VICTIM OF DEVELOPED COUNTRIES
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Among the many ills that the less developed countries face, Infrastructure or the lack of it is one of the most prominent factors for poor economic growth. It is a vicious cycle as massive investments are needed to develop the infrastructure and poor countries cannot afford the same.
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Answer:
Among the many ills that the less developed countries face, Infrastructure or the lack of it is one of the most prominent factors for poor economic growth. It is a vicious cycle as massive investments are needed to develop the infrastructure and poor countries cannot afford the same.
Developing nations are highly dependent on the advanced or developed nations. Developing countries excluding Asia account for about 20% of world trade. If Asia is included, their export share of world trade is 40% in 2005.
Many poor countries lack preparation for an industrial revolution and require complete social and cultural revolutions as well, indicating that they are economically more impoverished than countries that developed in the 19th century.The countries which are independent and prosperous are known as Developed Countries. The countries which are facing the beginning of industrialization are called Developing Countries. Developed Countries have a high per capita income and GDP as compared to Developing Countries.
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