Admin Table of Contents
What factors contribute to the development of a country?
Factors that Influence the Economic Development of a Country
- 1) Capital Formation:
- 2) Natural Resources:
- 3) Marketable Surplus of Agriculture:
- 4) Conditions in Foreign Trade:
- 5) Economic System:
- 1) Human Resources:
- 2) Technical Know-How and General Education:
- 3) Political Freedom:
How can developing countries achieve sustainable development?
Eradicate poverty and hunger, guaranteeing a healthy life. Universalize access to basic services such as water, sanitation and sustainable energy. Support the generation of development opportunities through inclusive education and decent work.
How does modernization contribute to development?
Modernisation theory underpinned the idea of development as growth, with modernisation defined as a linear path towards a developed industrial society. Economic development through industrial transformation would lead to economic growth, allowing poorer countries to catch up with industrial countries.
What are the main obstacles faced by developing countries in the way of economic development?
Some important social and political hurdles include: large growing populations, gender inequality and corrupt and inefficient governments. Economic and financial hurdles include: a lack of capital investment, a crushing level of debt, poor terms of trade and inadequate technology.
What are five factors that affect your development?
What are the five factors that influence development?
- Heredity. Heredity is the transmission of physical characteristics from parents to children through their genes.
- Environment.
- Sex.
- Exercise and Health.
- Hormones.
- Nutrition.
- Familial Influence.
- Geographical Influences.
What are the key points of the modernization theory?
Although there are many versions of modernization theory, major implicit or explicit tenets are that (1) societies develop through a series of evolutionary stages; (2) these stages are based on different degrees and patterns of social differentiation and reintegration of structural and cultural components that are …
What’s the major issue of development in reference to developing countries?
Many developing countries have been grappling with structural vulnerabilities such as persistent social and economic inequalities, conflict and forced displacement, declining trust in government, the impacts of climate change, and environmental fragility.