Comparative Economic Development

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Comparative Economic Development

none

Uploaded by

Marc Christian Sienes

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Download as PDF, TXT or read online on Scribd

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COMPARATIVE

ECONOMIC
DEVELOPMENT
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LESS DEVELOPED COUNTRIES (LDCS) SHARE SEVERAL
COMMON PROBLEMS THAT HOLD BACK THEIR PROGRESS:

Poverty:
Many people in LDCs live in extreme poverty, lacking basics like food,
clean water, and healthcare.

Health Issues:
Diseases, malnutrition, and limited healthcare services affect many
people, making it hard to stay healthy.
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LESS DEVELOPED COUNTRIES (LDCS) SHARE SEVERAL
COMMON PROBLEMS THAT HOLD BACK THEIR PROGRESS:

Education:
Access to good education is limited, which limits opportunities for
people to learn and find better jobs.

Infrastructure:
Roads, electricity, and other basic facilities are often poor or lacking,
slowing down economic growth and making life harder.
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LESS DEVELOPED COUNTRIES (LDCS) SHARE SEVERAL
COMMON PROBLEMS THAT HOLD BACK THEIR PROGRESS:

Political Problems:
Weak governments, corruption, and instability make it difficult to
make good decisions and attract investment.

Environmental Challenges:
Issues like deforestation, water scarcity, and climate change threaten
people's livelihoods and the environment.
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LESS DEVELOPED COUNTRIES (LDCS) SHARE SEVERAL
COMMON PROBLEMS THAT HOLD BACK THEIR PROGRESS:

Gender Inequality:
Women and girls often face unfair treatment, limiting their access to
education, jobs, and healthcare.

Most Important Problem

Poverty is the most crucial issue because it affects everything else.
When people are poor, they struggle to get healthcare, education, and
basic needs. Addressing poverty can improve health, education,
infrastructure, and overall quality of life.
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ADDITIONAL STRENGTHS AND WEAKNESSES
OF THE HUMAN DEVELOPMENT INDEX (HDI)

Strength: Strength: Strength:

Comprehensive: HDI looks at Useful for Governments:
Comparability: It lets us
health, education, and Helps governments see
compare countries easily to
income to give a broad view where they need to improve
see how they're doing.
of human development. and track progress.
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ADDITIONAL STRENGTHS AND WEAKNESSES
OF THE HUMAN DEVELOPMENT INDEX (HDI)

WEAKnesses: WEAKnesses: WEAKnesses:

Equal Weights: It gives the Doesn't Show Inequality: It
Data Issues: It relies on data
same importance to health, doesn't clearly show differences
education, and income, that may not be accurate or
within countries, like between
which might not be right for up-to-date everywhere.
rich and poor areas.
every country.
IMPROVING THE HDI
If I were changing the HDI, I might:

Adjust Weights:
Give more importance to health, education, or income based on what each country needs most.
Include Inequality:
Show how unequal access to things like education and healthcare affects development.
Add Environmental Measures:
Include things like pollution or access to clean water to show how environmental issues affect
development.
Improve Data:
Use better methods to get more accurate information from all countries.
Social Innovations
These are new ideas that help communities
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work better together, such as:
Microfinance: Giving small loans to help people
start businesses and improve their lives.
Community Health Programs: Programs that
use local knowledge to improve health.
The statement means that finding
Inclusive Education: Finding new ways for new ways for people to work
everyone to get a good education.
together and improving how
governments and organizations
Institutional Innovations
operate are just as important for
These are changes to rules and how
governments and organizations do things, like: making economies grow as
Anti-Corruption Measures: Making rules to inventing new technologies and
stop corruption and make things fair.
Digital Services: Using technology to make scientific ideas. Here’s why:
government services easier to use.
Property Rights: Making sure people own their
land and can use it to make money.
WHY THEY MATTER FOR ECONOMIC GROWTH